With 3.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.16 million shares. The 52-week range on PSX shows that it touched its highest point at $174.08 and its lowest point at $108.90 during that stretch. It currently has a 1-year price target of $138.88. With its current market cap of 54.33 billion, PSX has annualized dividend of $3.45 while the current yield stands at 2.62%. Beta for the stock currently stands at 1.32.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSX was up-trending over the past week, with a rise of 5.21%, but this was up by 9.18% over a month. Three-month performance surged to 0.49% while six-month performance fell -5.59%. The stock lost -8.53% in the past year, while it has gained 15.47% so far this year. A look at the trailing 12-month EPS for PSX yields 4.93 with Next year EPS estimates of 11.86. For the next quarter, that number is 0.55. This implies an EPS growth rate of 14.75% for this year and 68.07% for next year. EPS is expected to grow by 29.78% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.93%.
Float and Shares Shorts:
At present, 412.99 million PSX shares are outstanding with a float of 411.78 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSX since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.72673 being high and $5.84458 being low. For PSX, this leads to a yearly average estimate of $6.2111. Based on analyst estimates, the high estimate for the next quarter is $3.39 and the low estimate is $1.53. The average estimate for the next quarter is thus $2.39.
