
Phillips 66 (PSX) Stock Forecast & Price Target
Phillips 66 (PSX) Analyst Ratings
Bulls say
Phillips 66 is poised for significant growth, with a forecasted increase in Midstream and Chemicals EBITDA from $4.0 billion to approximately $4.5 billion by 2027, underpinned by robust performance in its marketing segment. The company's strategy to escalate its equity volumes from current levels of around 30% to nearly 40% within the next 18 months, alongside strong 4Q results driven by margin stability and favorable crude differentials, enhances its financial outlook. Furthermore, Phillips 66's investments in new projects such as Dos Picos and Coastal Bend are exceeding expectations, which solidifies confidence in its operational execution and long-term profitability.
Bears say
The financial outlook for Phillips 66 appears negative due to a combination of increased operational headwinds and declining midstream performance, with midstream operating income reported at $697 million, down significantly from previous expectations. Risks are compounded by narrower sweet/sour crude differentials, reduced product crack spreads, and weaker global product demand, which may jeopardize overall profitability. Additionally, a working capital headwind of $742 million has constrained share buybacks and led to an increase in debt by $0.8 billion, further indicating financial strain amid operational challenges.
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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