
Phillips 66 (PSX) Stock Forecast & Price Target
Phillips 66 (PSX) Analyst Ratings
Bulls say
Phillips 66's refining segment is demonstrating consistent improvement, achieving a 99% utilization rate and an 88% clean product yield in the fourth quarter, with recent acquisitions enhancing operational efficiency. The company anticipates midstream and chemical EBITDA growth of approximately $1.0 billion by 2027, bolstered by an increase in equity volume from around 30% to nearly 40% over the next 18 months, and strong results expected in the fourth quarter due to favorable market conditions. Additionally, the company has reported that equity volumes from recent projects, which have surpassed expectations, are vital in supporting the growth trajectory of EBITDA from $4.0 billion to about $4.5 billion by 2027, reinforcing optimism in project execution and market performance.
Bears say
The financial analysis indicates a negative outlook for Phillips 66's stock primarily due to reduced earnings per share (EPS) estimates for 1Q26, declining from $2.25 to $1.75, reflecting a combination of lower commodity mark-to-market values and decreased utilization guidance. Furthermore, the midstream segment demonstrated only moderate margins despite an increase in operating income, partly impacted by lower volumes, which contributed to a notable drop in share buybacks and increased debt levels. Additional risks include narrowing sweet vs. sour crude differentials, diminished product crack spreads, and a weakening outlook for global product demand, which may adversely affect investor sentiment and overall financial performance.
This aggregate rating is based on analysts' research of Phillips 66 and is not a guaranteed prediction by Public.com or investment advice.
Phillips 66 (PSX) Analyst Forecast & Price Prediction
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