Quick Summary:
- Phillips 66 reports a substantial net loss in refining operations for Q1, contrasting with last year's profit.
- Analysts project a potential 26.20% upside, setting an average target price of $131.21.
- GuruFocus' GF Value suggests a more conservative 3.78% upside for the stock.
Phillips 66 (PSX, Financial) faced a tumultuous start to the year, recording a net loss of $937 million in its refining operations for the first quarter, a stark contrast to the $216 million profit posted in the same period last year. This decline was mainly due to reduced refining margins and increased turnaround costs. Despite these challenges, Phillips 66 is optimistic about the upcoming quarter, aiming to boost its crude capacity utilization to approximately 95% in Q2.
Wall Street Analysts' Outlook
The consensus among 16 analysts provides a bullish outlook for Phillips 66 (PSX, Financial), setting an average one-year price target at $131.21. This includes a high estimate of $162.00 and a low of $106.00. The average target signifies a noteworthy potential upside of 26.20% from the current stock price of $103.97. For further detailed estimates, you can visit the Phillips 66 (PSX) Forecast page.
Moreover, consensus recommendations from 20 brokerage firms place Phillips 66 (PSX, Financial) at an average brokerage recommendation of 2.2, classifying it as "Outperform." This recommendation is scaled from 1 to 5, where 1 denotes a Strong Buy recommendation, and 5 signals a Sell.
GuruFocus' GF Value Insight
According to GuruFocus estimates, the projected GF Value for Phillips 66 (PSX, Financial) over the next year is $107.90. This estimation implies a more conservative upside of 3.78% from its current price of $103.97. The GF Value is GuruFocus' calculated estimation of the fair trading value, derived from historical trading multiples, past business growth, and anticipated future business performance. To delve deeper into this data, visit the Phillips 66 (PSX) Summary page.
