With 2.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.44 million shares. The 52-week range on PSX shows that it touched its highest point at $150.12 and its lowest point at $91.01 during that stretch. It currently has a 1-year price target of $131.56. With its current market cap of 45.73 billion, PSX has annualized dividend of $4.65 while the current yield stands at 4.14%. Beta for the stock currently stands at 1.00.
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 down-trending over the past week, with a drop of -2.14%, but this was up by 6.49% over a month. Three-month performance dropped to -8.60% while six-month performance fell -17.74%. The stock lost -19.22% in the past year, while it has lost -1.49% so far this year. A look at the trailing 12-month EPS for PSX yields 4.38 with Next year EPS estimates of 10.24. For the next quarter, that number is 1.78. This implies an EPS growth rate of -27.04% for this year and 128.26% for next year. EPS is expected to grow by 24.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.91%.
Float and Shares Shorts:
At present, 407.58 million PSX shares are outstanding with a float of 406.27 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 $3.34 and the low estimate is $1.04. The average estimate for the next quarter is thus $2.2.
