Raymond James analyst Justin Jenkins reiterated a Buy rating on Phillips 66 Partners (NYSE:PSXP) on Friday, setting a price target of $36, which is approximately 54.18% above the present share price of $23.35.
Jenkins expects Phillips 66 (NYSE:PSX) Partners to post earnings per share (EPS) of $1.07 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Phillips 66 Partners, with an average price target of $35.88.
The analysts price targets range from a high of $40 to a low of $29.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $241 million and a net profit of $100 million. The company's market cap is $5.16 billion.
According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.6% and a 53.08% 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.