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Phillips 66 Partners LP (NYSE:PSXP) price target bumped up to $53.00, issued a research note today by Zacks Investment Research

Only yesterday Phillips 66 Partners LP (NYSE:PSXP) traded -0.02% lower at $46.99. The company’s 50-day moving average is $48.02 and its 200-day moving average is $53.19. The last stock price is down -11.65% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 410,753 shares of PSXP changing hands under the typical 460,851

Phillips 66 Partners LP (NYSE:PSXP) had its target upped to $53.00 by Zacks Investment Research in an issued report released 10/15/2016. The new target price suggests a potential upside of 0.13% based on the company's previous close.

On Friday September 30, 2016, Mizuho Securities released a statement for Phillips 66 Partners LP (NYSE:PSXP) raised the target price from $0.00 to $55.00. At the time, this indicated a possible upside of 0.15%.

Recent Performance Chart

Phillips 66 Partners LP (NYSE:PSXP)

With a total market value of $0, Phillips 66 Partners LP has P/E ratio of 22.78 with a 52 week low of $46.20 and a one year high of $66.81 .

A total of 9 equity analysts have released a ratings update on PSXP. 1 firm rating the stock a strong buy, 6 brokerages rating the stock a buy, 5 equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $73.11.

Brief Synopsis On Phillips 66 Partners LP (NYSE:PSXP)

Phillips 66 Partners LP owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company charges tariffs and fees for transporting crude oil and refined petroleum product pipeline, terminal, rail rack and storage systems in the Central, Gulf Coast, Atlantic Basin and Western regions of the United States. The Company's assets also consists of systems, which include Clifton Ridge Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Cross-Channel Connector Project, Eagle Ford Gathering System Project, Sand Hills/Southern Hills/Explorer Pipeline joint ventures, Bakken Joint Ventures and Bayou Bridge joint venture. Its Clifton Ridge Crude System is a crude oil pipeline, terminal and storage system located in Sulphur, Louisiana.

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