Wells Fargo (NYSE:WFC) analyst Roger Read maintained a Buy rating on Phillips 66 (NYSE:PSX) Common Stock on Thursday, setting a price target of $97, which is approximately 9.90% above the present share price of $88.26.
Read expects Phillips 66 Common Stock to post earnings per share (EPS) of -$1.49 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Phillips 66, with an average price target of $99.75.
The analysts price targets range from a high of $126 to a low of $89.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $21.63 billion and a net profit of -$721 million. The company's market cap is $38.65 billion.
According to TipRanks.com, Wells Fargo analyst Roger Read is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.5% and a 62.41% success rate.
Founded in 2012, Phillips 66 is a Texas-based multinational energy company, which is engaged 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.