NEW YORK (TheStreet) -- Shares of Phillips 66 (PSX) - Get Report are slipping by 0.21% to $77.57 in early afternoon trading on Thursday, as the energy manufacturing and logistics company prepares to report its 2015 fourth quarter earnings results.

Phillips 66 will release its latest quarterly report before the market open on Friday morning.

Analysts are expecting the company to post a year over year decline in both its earnings per share and revenue results for the most recent quarter.

A survey by Thomson Reuters shows that analysts are expecting Phillips 66 to report earnings of $1.25 per share on revenue of $22.75 billion for the three month period ended in December.

Last year, the company reported earnings of $1.63 per share on revenue of $35.6 billion for the 2014 fourth quarter.

Phillips 66 is a Houston-based energy company with midstream, chemicals, refining and marketing and specialties businesses.

TST Recommends

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate PHILLIPS 66 as a Buy with a ratings score of B. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins.

You can view the full analysis from the report here: PSX

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