Raymond James analyst Justin Jenkins maintained a Buy rating on Phillips 66 (NYSE:PSX) Common Stock on Friday, setting a price target of $69, which is approximately 14.33% above the present share price of $60.35.
Jenkins expects Phillips 66 Common Stock to post earnings per share (EPS) of -$0.33 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Phillips 66, with an average price target of $81.46.
The analysts price targets range from a high of $100 to a low of $69.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $10.91 billion and a net profit of -$559 million. The company's market cap is $25.49 billion.
According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 0.7% and a 56.06% success rate.
Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.