Stock to Watch: Phillips 66 Partners LP (PSXP)

Company Profile:

Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines and terminals, and other transportation and midstream assets. The company was founded in 2013 and is headquartered in Houston, Texas.

Recent News:

Phillips 66 Partners LP will release its second-quarter 2015 financial results Friday, July 31, at 8:45 a.m. EDT.

Phillips 66 Partners LP reported an earnings surprise of -2.5% when the company last reported earnings for the period ending on 2015-03-31. The reported EPS of $0.39 was $-0.01 away from what Wall Street analysts had expected.

Fundemental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

PSXP’s strengths can be seen in its better growth and strong profitability. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator. RSI is increasing to 50.28. We rate Phillips 66 Partners LP (PSXP) a Strong BUY.