Do Analysts Expect Phillips 66 Partners LP (PSXP) Stock to Rise After It Is Up 7.05% in a Month?

Thursday, October 28, 2021 10:37 AM | InvestorsObserver Analysts

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Do Analysts Expect Phillips 66 Partners LP (PSXP) Stock to Rise After It Is Up 7.05% in a Month?

InvestorsObserver is giving Phillips 66 Partners LP (PSXP) an Analyst Rating Rank of 12, meaning PSXP is ranked higher by analysts than 12% of stocks. The average price target for PSXP is $40 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating PSXP a Buy today. Find out what this means to you and get the rest of the rankings on PSXP!

See Full PSXP Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Phillips 66 Partners LP Stock Today?

Phillips 66 Partners LP (PSXP) stock is down -0.9% while the S&P 500 is up 0.64% as of 10:35 AM on Thursday, Oct 28. PSXP has fallen -$0.35 from the previous closing price of $38.44 on volume of 405,100 shares. Over the past year the S&P 500 has gained 40.04% while PSXP is up 54.71%. PSXP earned $2.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.39. Click Here to get the full Stock Report for Phillips 66 Partners LP stock.