Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Phillips 66 as such a stock due to the following factors:
- PSX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $270.2 million.
- PSX traded 14,718 shares today in the pre-market hours as of 8:49 AM.
- PSX is down 3% today from yesterday's close.
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More details on PSX:
Phillips 66 operates as an energy manufacturing and logistics company. It operates in four segments: Midstream, Chemicals, Refining, Marketing and Specialties. The stock currently has a dividend yield of 2.3%. PSX has a PE ratio of 16.6. Currently there are 9 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Phillips 66 has been 3.2 million shares per day over the past 30 days. Phillips 66 has a market cap of $48.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.92 and a short float of 2% with 3.44 days to cover. Shares are up 11.9% year-to-date as of the close of trading on Monday.
rates Phillips 66 as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- Compared to its closing price of one year ago, PSX's share price has jumped by 33.99%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, PSX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the Oil, Gas & Consumable Fuels industry average, but is less than that of the S&P 500. The net income increased by 11.7% when compared to the same quarter one year prior, going from $1,407.00 million to $1,572.00 million.
- PSX's debt-to-equity ratio is very low at 0.29 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.95 is somewhat weak and could be cause for future problems.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.2%. Since the same quarter one year prior, revenues slightly dropped by 3.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- You can view the full Phillips 66 Ratings Report.