
Phillips 66 (PSX) Stock Forecast & Price Target
Phillips 66 (PSX) Analyst Ratings
Bulls say
Phillips 66 demonstrates a robust refining performance, achieving a 99% utilization rate in the fourth quarter and an impressive 88% clean product yield, supported by recent acquisitions that enhance efficiency. The midstream and chemicals segments are projected to experience significant EBITDA growth, with expectations of reaching approximately $4.5 billion by 2027, driven primarily by a rise in equity volumes from expansion projects. Additionally, the company benefits from strong market conditions, including improved margins and favorable pricing trends, contributing to a positive outlook for continued financial performance.
Bears say
Phillips 66's stock outlook is negatively influenced by a downward revision of 1Q26 earnings per share (EPS) estimates from $2.25 to $1.75, primarily driven by commodity mark-to-market (MTM) effects and lower utilization guidance. The company's midstream performance showed weaker results with lower operating income of $697 million, exacerbated by a $742 million working capital headwind, which also resulted in reduced share buybacks and an increase in debt by $0.8 billion. Additionally, the company faces risks related to narrower sweet/sour differentials, diminished product cracks, and reduced expectations for shareholder returns, undermining investor confidence.
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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