J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Phillips 66 Partners (NYSE:PSXP) on Tuesday, setting a price target of $42, which is approximately 15.70% above the present share price of $36.3.
Tonet expects Phillips 66 (NYSE:PSX) Partners to post earnings per share (EPS) of $1.00 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Phillips 66 Partners, with an average price target of $40.75.
The analysts price targets range from a high of $42 to a low of $39.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $283 million and a net profit of $129 million. The company's market cap is $8.29 billion.
According to TipRanks.com, J.P. Morgan analyst Jeremy Tonet is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.4% and a 55.42% success rate.
Phillips 66 Partners LP engages in the ownership, operation, development, and acquisition of crude oil, refined petroleum product and natural gas liquids pipelines and terminals, and other transportation and midstream assets. It also provides terminals and storages for oil and petroleum products. The company was founded on February 20, 2013 and is headquartered in Houston, TX.