
Phillips 66 (PSX) Stock Forecast & Price Target
Phillips 66 (PSX) Analyst Ratings
Bulls say
Phillips 66 is expected to see steady improvement in refining performance, with strong utilization and clean product yields, as well as further optimization and efficiency gains from recent acquisitions. Additionally, with a focus on organic growth and a growing portfolio of development projects in the Permian Basin, their midstream segment is projected to experience significant growth, making up around 40% of their EBITDA in 2025 and showing potential for ~$500M in EBITDA growth over the next two years. There are also potential advantages in international markets and a focus on organic growth, though there are risks related to narrow crude differentials, depressed global product demand, and lack of generalist investor interest. Overall, the company appears to be well positioned for success in the coming years.
Bears say
Phillips 66 is expected to face headwinds in the near term due to increased expenses related to idling and lower utilization and capture rates. However, projected growth in EBITDA through 2027, driven by project-oriented and cost savings initiatives, could provide upside potential for the company. Additionally, the company's bullish attitude on market share, driven by operational improvements and consolidation in the E&P sector, could be a mitigating factor in the long-term.
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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