Phillips 66 (PSX) Stock Forecast, Price Target & Predictions
PSX Stock Forecast
Phillips 66 stock forecast is as follows: an average price target of $124.50 (represents a -1.74% downside from PSX’s last price of $126.70) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
PSX Price Target
The average price target for Phillips 66 (PSX) is $124.50 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $179.00 to $78.00. This represents a potential -1.74% downside from PSX's last price of $126.70.
PSX Analyst Ratings
According to 12 Wall Street analysts, Phillips 66's rating consensus is 'Buy'. The analyst rating breakdown for PSX stock is 0 'Strong Buy' (0.00%), 10 'Buy' (83.33%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Phillips 66 Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 20, 2024 | Nitin Kumar | Mizuho Securities | $160.00 | $135.85 | 17.78% | 26.28% |
| May 14, 2024 | Ryan Todd | Piper Sandler | $170.00 | $143.66 | 18.34% | 34.18% |
| Apr 12, 2024 | Nitin Kumar | Mizuho Securities | $162.00 | $165.41 | -2.06% | 27.86% |
| Apr 08, 2024 | Roger Read | Wells Fargo | $179.00 | $170.75 | 4.83% | 41.28% |
| Apr 05, 2024 | Ryan Todd | Piper Sandler | $187.00 | $170.68 | 9.56% | 47.59% |
| Jan 10, 2024 | Justin Jenkins | Raymond James | $140.00 | $133.21 | 5.10% | 10.50% |
| Feb 08, 2023 | - | RBC Capital | $132.00 | $102.06 | 29.34% | 4.18% |
| Jan 13, 2023 | - | Raymond James | $135.00 | $102.09 | 32.24% | 6.55% |
| Jan 05, 2023 | - | Wells Fargo | $127.00 | $102.18 | 24.29% | 0.24% |
| Dec 19, 2022 | - | Piper Sandler | $137.00 | $100.64 | 36.13% | 8.13% |
The latest Phillips 66 stock forecast, released on Jun 20, 2024 by Nitin Kumar from Mizuho Securities, set a price target of $160.00, which represents a 17.78% increase from the stock price at the time of the forecast ($135.85), and a 26.28% increase from PSX last price ($126.70).
Phillips 66 Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 6 |
| Avg Price Target | - | $160.00 | $166.33 |
| Last Closing Price | $126.70 | $126.70 | $126.70 |
| Upside/Downside | -100.00% | 26.28% | 31.28% |
In the current month, the average price target of Phillips 66 stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Phillips 66's last price of $126.70. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 11, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 05, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 31, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Jul 31, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jul 31, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 31, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 17, 2024 | Wolfe Research | Outperform | Peer Perform | Initialise |
| Jul 09, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jul 09, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 01, 2024 | Scotiabank | Underperform | Underperform | Hold |
Phillips 66's last stock rating was published by Cowen & Co. on Sep 11, 2024. The company gave PSX a "Buy" rating, the same as its previous rate.
Phillips 66 Financial Forecast
Phillips 66 Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.64B | $35.74B | $34.40B | $40.28B | $44.95B | - | $36.18B | $32.60B | $30.24B | $27.00B | $21.63B | $16.41B | $15.93B |
| Avg Forecast | $68.41B | $65.60B | $62.92B | $60.34B | $38.83B | $39.08B | $39.38B | $37.99B | $35.20B | $35.97B | $36.36B | $34.67B | $36.20B | $37.26B | $37.79B | $35.87B | $38.89B | $41.22B | $37.66B | $37.17B | $39.23B | $39.35B | $43.56B | $36.61B | $28.56B | $27.08B | $22.88B | $18.57B | $16.11B | $17.04B |
| High Forecast | $73.64B | $70.63B | $67.74B | $64.96B | $41.80B | $42.08B | $42.40B | $40.90B | $37.89B | $38.72B | $39.14B | $37.32B | $38.97B | $41.01B | $40.68B | $38.62B | $40.30B | $48.78B | $40.54B | $40.02B | $42.24B | $42.36B | $43.56B | $40.66B | $31.72B | $30.08B | $25.41B | $20.62B | $17.89B | $18.92B |
| Low Forecast | $59.56B | $57.12B | $54.78B | $52.54B | $33.80B | $34.03B | $34.29B | $33.07B | $30.64B | $31.31B | $31.65B | $30.18B | $31.51B | $34.80B | $32.90B | $31.23B | $37.89B | $35.54B | $32.78B | $32.36B | $34.16B | $34.26B | $43.56B | $30.73B | $23.97B | $22.73B | $19.20B | $15.58B | $13.52B | $14.30B |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.95% | 0.93% | 1.03% | 1.14% | - | 0.99% | 1.14% | 1.12% | 1.18% | 1.16% | 1.02% | 0.94% |
Phillips 66's average Quarter revenue forecast for Dec 23 based on 4 analysts is $38.89B, with a low forecast of $37.89B, and a high forecast of $40.30B. PSX's average Quarter revenue forecast represents a -1.91% decrease compared to the company's last Quarter revenue of $39.64B (Sep 23).
Phillips 66 EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.42B | $2.97B | $3.32B | $688.00M | $7.75B | - | $1.30B | $2.20B | $880.00M | $871.00M | $-278.00M | $-234.00M | $-933.00M |
| Avg Forecast | $3.85B | $3.70B | $3.54B | $3.40B | $2.19B | $2.20B | $2.22B | $2.14B | $1.98B | $2.03B | $2.05B | $1.95B | $2.04B | $2.10B | $2.13B | $1.37B | $2.19B | $2.32B | $2.12B | $1.24B | $2.21B | $452.13M | $2.45B | $1.13B | $1.19B | $357.42M | $834.20M | $-325.66M | $-211.92M | $-1.67B |
| High Forecast | $4.15B | $3.98B | $3.82B | $3.66B | $2.36B | $2.37B | $2.39B | $2.30B | $2.13B | $2.18B | $2.21B | $2.10B | $2.20B | $2.31B | $2.29B | $1.64B | $2.27B | $2.75B | $2.28B | $1.49B | $2.38B | $542.56M | $2.45B | $1.36B | $1.43B | $428.90M | $1.00B | $-260.53M | $-169.54M | $-1.34B |
| Low Forecast | $3.36B | $3.22B | $3.09B | $2.96B | $1.90B | $1.92B | $1.93B | $1.86B | $1.73B | $1.76B | $1.78B | $1.70B | $1.78B | $1.96B | $1.85B | $1.09B | $2.13B | $2.00B | $1.85B | $995.29M | $1.92B | $361.70M | $2.45B | $904.81M | $952.24M | $285.93M | $667.36M | $-390.79M | $-254.31M | $-2.00B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.47% | 1.40% | 2.67% | 0.31% | 17.15% | - | 1.15% | 1.85% | 2.46% | 1.04% | 0.85% | 1.10% | 0.56% |
4 analysts predict PSX's average Quarter EBITDA for Dec 23 to be $2.19B, with a high of $2.27B and a low of $2.13B. This is -35.88% lower than Phillips 66's previous annual EBITDA (Sep 23) of $3.42B.
Phillips 66 Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.10B | $1.70B | $1.96B | $1.88B | $5.39B | - | $582.00M | $1.37B | $402.00M | $296.00M | $-654.00M | $-539.00M | $-799.00M |
| Avg Forecast | $1.33B | $1.93B | $1.87B | $905.49M | $1.17B | $1.65B | $1.65B | $1.01B | $1.19B | $1.61B | $1.54B | $1.03B | $943.36M | $1.05B | $843.37M | $646.50M | $998.88M | $2.05B | $1.53B | $587.72M | $1.88B | $206.54M | $2.57B | $534.30M | $688.30M | $163.27M | $283.49M | $-766.11M | $-488.15M | $-1.43B |
| High Forecast | $1.46B | $2.12B | $2.05B | $995.61M | $1.29B | $1.81B | $1.81B | $1.11B | $1.31B | $1.77B | $1.70B | $1.13B | $1.04B | $1.30B | $927.31M | $775.80M | $1.07B | $2.16B | $1.69B | $705.27M | $2.06B | $247.85M | $2.57B | $641.15M | $825.95M | $195.93M | $340.19M | $-612.89M | $-390.52M | $-1.14B |
| Low Forecast | $1.10B | $1.61B | $1.55B | $753.19M | $972.54M | $1.37B | $1.37B | $841.82M | $988.49M | $1.34B | $1.28B | $853.16M | $784.69M | $890.88M | $701.52M | $517.20M | $960.95M | $1.82B | $1.28B | $470.18M | $1.56B | $165.23M | $2.57B | $427.44M | $550.64M | $130.62M | $226.79M | $-919.34M | $-585.78M | $-1.71B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.11% | 3.34% | 1.00% | 26.10% | - | 1.09% | 1.99% | 2.46% | 1.04% | 0.85% | 1.10% | 0.56% |
Phillips 66's average Quarter net income forecast for Dec 23 is $998.88M, with a range of $960.95M to $1.07B. PSX's average Quarter net income forecast represents a -52.37% decrease compared to the company's last Quarter net income of $2.10B (Sep 23).
Phillips 66 SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $669.00M | $593.00M | $605.00M | $630.00M | $617.00M | - | $433.00M | $479.00M | $424.00M | $433.00M | $408.00M | $432.00M | $384.00M |
| Avg Forecast | $1.17B | $1.12B | $1.07B | $1.03B | $662.19M | $666.57M | $671.61M | $647.90M | $600.25M | $613.41M | $620.09M | $591.22M | $617.32M | $635.47M | $644.42M | $480.98M | $663.17M | $703.00M | $642.21M | $437.26M | $669.08M | $217.84M | $742.86M | $397.51M | $259.40M | $172.21M | $414.70M | $477.94M | $391.25M | $686.83M |
| High Forecast | $1.26B | $1.20B | $1.16B | $1.11B | $712.89M | $717.60M | $723.03M | $697.50M | $646.21M | $660.37M | $667.56M | $636.48M | $664.58M | $699.45M | $693.75M | $577.18M | $687.34M | $831.97M | $691.37M | $524.71M | $720.31M | $261.41M | $742.86M | $477.01M | $311.28M | $206.65M | $497.65M | $573.53M | $469.49M | $824.19M |
| Low Forecast | $1.02B | $974.10M | $934.22M | $895.97M | $576.52M | $580.33M | $584.72M | $564.07M | $522.59M | $534.05M | $539.86M | $514.73M | $537.45M | $593.54M | $561.04M | $384.79M | $646.15M | $606.07M | $559.12M | $349.81M | $582.52M | $174.28M | $742.86M | $318.01M | $207.52M | $137.77M | $331.76M | $382.35M | $313.00M | $549.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.92% | 1.38% | 0.94% | 2.83% | - | 1.09% | 1.85% | 2.46% | 1.04% | 0.85% | 1.10% | 0.56% |
Phillips 66's average Quarter SG&A projection for Dec 23 is $663.17M, based on 4 Wall Street analysts, with a range of $646.15M to $687.34M. The forecast indicates a -0.87% fall compared to PSX last annual SG&A of $669.00M (Sep 23).
Phillips 66 EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 3 | 9 | 10 | 16 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.72 | $3.73 | $4.21 | $3.99 | $11.19 | - | $1.29 | $3.11 | $0.91 | $0.66 | $-1.49 | $-1.23 | $-1.82 |
| Avg Forecast | $3.12 | $4.54 | $4.39 | $2.13 | $2.75 | $3.87 | $3.87 | $2.38 | $2.79 | $3.78 | $3.63 | $2.41 | $2.22 | $2.47 | $1.98 | $2.20 | $2.35 | $4.82 | $3.60 | $3.56 | $4.41 | $5.05 | $5.95 | $1.23 | $1.95 | $1.90 | $0.64 | $-1.40 | $-1.06 | $-0.80 |
| High Forecast | $3.43 | $4.99 | $4.83 | $2.34 | $3.02 | $4.25 | $4.26 | $2.61 | $3.07 | $4.16 | $3.99 | $2.65 | $2.44 | $3.05 | $2.18 | $2.41 | $2.50 | $5.08 | $3.96 | $3.91 | $4.85 | $5.55 | $5.95 | $1.41 | $2.23 | $2.17 | $0.73 | $-1.11 | $-0.84 | $-0.63 |
| Low Forecast | $2.59 | $3.77 | $3.65 | $1.77 | $2.28 | $3.22 | $3.22 | $1.98 | $2.32 | $3.14 | $3.02 | $2.00 | $1.84 | $2.09 | $1.65 | $1.83 | $2.26 | $4.27 | $3.00 | $2.96 | $3.67 | $4.20 | $5.95 | $0.97 | $1.54 | $1.50 | $0.51 | $-1.60 | $-1.21 | $-0.91 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.04% | 1.18% | 0.90% | 2.22% | - | 1.05% | 1.60% | 0.48% | 1.03% | 1.06% | 1.16% | 2.29% |
According to 4 Wall Street analysts, Phillips 66's projected average Quarter EPS for Dec 23 is $2.35, with a low estimate of $2.26 and a high estimate of $2.50. This represents a -50.29% decrease compared to PSX previous annual EPS of $4.72 (Sep 23).
Phillips 66 Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PBF | PBF Energy | $32.61 | $45.00 | 37.99% | Buy |
| DINO | HF Sinclair | $45.19 | $58.88 | 30.29% | Buy |
| DK | Delek US | $19.40 | $23.14 | 19.28% | Hold |
| VLO | Valero Energy | $134.26 | $148.92 | 10.92% | Buy |
| SUN | Sunoco LP | $53.50 | $54.60 | 2.06% | Buy |
| CVI | CVR Energy | $22.15 | $22.00 | -0.68% | Buy |
| PSX | Phillips 66 | $126.70 | $124.50 | -1.74% | Buy |
| MPC | Marathon Petroleum | $163.58 | $158.80 | -2.92% | Buy |
| DKL | Delek Logistics Partners, LP | $41.99 | $40.00 | -4.74% | Buy |
PSX Forecast FAQ
Is Phillips 66 a good buy?
Yes, according to 12 Wall Street analysts, Phillips 66 (PSX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 83.33% of PSX's total ratings.
What is PSX's price target?
Phillips 66 (PSX) average price target is $124.5 with a range of $78 to $179, implying a -1.74% from its last price of $126.7. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Phillips 66 stock go up soon?
According to Wall Street analysts' prediction for PSX stock, the company can go down by -1.74% (from the last price of $126.7 to the average price target of $124.5), up by 41.28% based on the highest stock price target, and down by -38.44% based on the lowest stock price target.
Can Phillips 66 stock reach $200?
PSX's average twelve months analyst stock price target of $124.5 does not support the claim that Phillips 66 can reach $200 in the near future.
What are Phillips 66's analysts' financial forecasts?
Phillips 66's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $155.28B (high $167.17B, low $135.19B), average EBITDA is $8.75B (high $9.42B, low $7.62B), average net income is $5.48B (high $6.02B, low $4.56B), average SG&A $2.65B (high $2.85B, low $2.31B), and average EPS is $12.86 (high $14.14, low $10.7). PSX's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $257.27B (high $276.97B, low $223.99B), average EBITDA is $14.5B (high $15.6B, low $12.62B), average net income is $6.03B (high $6.63B, low $5.02B), average SG&A $4.39B (high $4.72B, low $3.82B), and average EPS is $14.17 (high $15.58, low $11.79).
Did the PSX's actual financial results beat the analysts' financial forecasts?
Based on Phillips 66's last annual report (Dec 2022), the company's revenue was $169.99B, beating the average analysts forecast of $158.75B by 7.08%. Apple's EBITDA was $14.37B, beating the average prediction of $6.25B by 130.07%. The company's net income was $11.02B, beating the average estimation of $5.19B by 112.49%. Apple's SG&A was $2.17B, beating the average forecast of $2.03B by 6.94%. Lastly, the company's EPS was $23.38, beating the average prediction of $16.64 by 40.52%. In terms of the last quarterly report (Sep 2023), Phillips 66's revenue was $39.64B, missing the average analysts' forecast of $41.22B by -3.83%. The company's EBITDA was $3.42B, beating the average prediction of $2.32B by 47.13%. Phillips 66's net income was $2.1B, beating the average estimation of $2.05B by 2.21%. The company's SG&A was $669M, missing the average forecast of $703M by -4.84%. Lastly, the company's EPS was $4.72, missing the average prediction of $4.82 by -2.05%