Phillips 66 [PSX] Stock Looks Poised to Climb Further

Phillips 66 [PSX] stock is up 5.01 while the S&P 500 has risen 0.01% on Tuesday, 12/01/20. While at the time of this article, PSX ATR is sitting at 3.16, with the beta value at 1.75. This stock’s volatility for the past week remained at 3.81%, while it was 5.16% for the past 30-day period. PSX has risen $3.1 from the previous closing price of $61.88 on volume of 1.74 million shares.

On 30, October 2020, Phillips 66 to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / October 30, 2020 / Phillips 66 (NYSE:PSX) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on October 30, 2020 at 12:00 PM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Phillips 66 [NYSE:PSX] stock was on November 02, 2020, when it was Reiterated with an Outperform rating from Cowen, which also lowered its 12-month price target on the stock from $69 to $62. Before that, on November 05, 2020, Wolfe Research Recapitulated an Outperform rating and elevated its amount target to $63. On July 20, 2020, Jefferies Upgrade a Buy rating and boosted its price target on this stock to $73. On June 23, 2020, Jefferies Downgrade a Hold rating and increased its price target to $78. On May 13, 2020, Wolfe Research Downgrade a Peer perform rating. On May 04, 2020, Mizuho Upgrade a Buy rating and boosted its amount on this stock to $95. On April 20, 2020, BofA/Merrill Upgrade a Buy rating. On March 30, 2020 RBC Capital Mkts Upgrade an Outperform rating and elevated its amount target to $67.

In the past 52 weeks of trading, this stock has oscillated between a low of $40.04 and a peak of $116.06. Right now, the middling Wall Street analyst 12-month amount mark is $70.00. At the most recent market close, shares of Phillips 66 [NYSE:PSX] were valued at $64.98. According to the average price forecast, investors can expect a potential return of 1.43%.

FUNDAMENTAL ANALYSIS

Phillips 66 [NYSE:PSX] most recently reported quarterly sales of 15.91 billion, which represented growth of -41.30%. This publicly-traded organization’s revenue is $7,409,862 per employee, while its income is $211,724 per employee. This company’s Gross Margin is currently 9.20%, its Operating Margin is -7.10%, its Pretax Margin is +3.89, and its Net Margin is +2.86. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.43, 12.39, 8.22 and 8.45 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 34.33 and the whole liability to whole assets at 22.18. It shows enduring liability to the whole principal at 31.69 and enduring liability to assets at 0.20 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 60.88 points at 1st support level, the second support level is making up to 59.88. But as of 1st resistance point, this stock is sitting at 63.53 and at 65.18 for 2nd resistance point.

Phillips 66 [PSX] reported its earnings at -$0.01 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.79/share signifying the difference of 0.78 and 98.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.74 calling estimates for -$0.92/share with the difference of 0.18 depicting the surprise of 19.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Phillips 66 [NYSE:PSX] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.14. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.47 and it’s amount to book ratio is 1.97.

Insider Stories

The most recent insider trade was by LOWE JOHN E, Director, and it was the purchase of 1500.0 shares on Aug 19. LOWE JOHN E, the Director, completed a purchase of 1000.0 shares on Aug 04. On Jun 26, LOWE JOHN E, Director, completed a purchase of 1500.0 shares.