Phillips 66 Partners LP (PSXP) Reaches $47.90 After 4.00% Up Move; 3 Analysts Covering Key Energy Services, Inc. (KEG)

December 1, 2017 - By Winifred Garcia

Among 8 analysts covering Key Energy (NYSE:KEG), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Key Energy had 16 analyst reports since July 31, 2015 according to SRatingsIntel. Nomura maintained it with “Neutral” rating and $17 target in Friday, August 11 report. Seaport Global downgraded Key Energy Services, Inc. (NYSE:KEG) on Wednesday, June 21 to “Neutral” rating. The firm earned “Buy” rating on Sunday, September 17 by Piper Jaffray. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, August 9. On Monday, September 21 the stock rating was downgraded by Iberia Capital Partners to “Sector Perform”. The rating was initiated by Johnson Rice with “Buy” on Thursday, September 21. The firm has “Sector Perform” rating by Howard Weil given on Friday, July 31. The stock has “Market Perform” rating by Cowen & Co on Tuesday, August 4. The rating was upgraded by PiperJaffray to “Overweight” on Wednesday, March 29. The rating was downgraded by Johnson Rice to “Hold” on Tuesday, February 23. See Key Energy Services, Inc. (NYSE:KEG) latest ratings:

21/09/2017 Broker: Johnson Rice Rating: Buy Initiate
17/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $17.0 Maintain
11/08/2017 Broker: Nomura Rating: Neutral Old Target: $23 New Target: $17 Maintain
09/08/2017 Broker: Piper Jaffray Rating: Buy New Target: $26.5000 Maintain
21/06/2017 Broker: Seaport Global Rating: Neutral Downgrade

The stock of Phillips 66 Partners LP (NYSE:PSXP) is a huge mover today! The stock increased 2.22% or $1.04 during the last trading session, reaching $47.9. About 166,802 shares traded. Phillips 66 Partners LP (NYSE:PSXP) has declined 0.26% since December 1, 2016 and is downtrending. It has underperformed by 16.96% the S&P500.The move comes after 7 months positive chart setup for the $5.82B company. It was reported on Dec, 1 by Barchart.com. We have $49.82 PT which if reached, will make NYSE:PSXP worth $232.84 million more.

Key Energy Services, Inc. operates as an onshore rig well servicing contractor. The company has market cap of $207.94 million. It operates through U.S. It has a 2 P/E ratio. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International divisions.

The stock increased 4.23% or $0.42 during the last trading session, reaching $10.34. About 117,548 shares traded. Key Energy Services, Inc. (NYSE:KEG) has 0.00% since December 1, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on February, 2. They expect $0.89 earnings per share, up 36.92% or $0.24 from last year’s $0.65 per share. PSXP’s profit will be $108.16 million for 13.46 P/E if the $0.89 EPS becomes a reality. After $0.51 actual earnings per share reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts 74.51% EPS growth.

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation midstream assets. The company has market cap of $5.82 billion. It operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, and Montana; marine assets in Lake Charles and Wood River; and natural gas liquids assets in Texas and Louisiana. It has a 19.75 P/E ratio. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP.

Investors sentiment decreased to 1 in 2017 Q2. Its down 0.51, from 1.51 in 2017Q1. It is negative, as 12 investors sold Phillips 66 Partners LP shares while 43 reduced holdings. 13 funds opened positions while 42 raised stakes. 42.11 million shares or 3.45% more from 40.71 million shares in 2017Q1 were reported. Nbw Capital Limited Liability Corp reported 2.16% stake. Creative Planning stated it has 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). Blair William And Communications Il has 0.02% invested in Phillips 66 Partners LP (NYSE:PSXP). Zimmer Prns Limited Partnership reported 62,813 shares. Cbre Clarion Lc reported 95,257 shares. Jpmorgan Chase & stated it has 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Monetary Grp Inc holds 4,600 shares or 0.09% of its portfolio. Center Coast Advisors Ltd Partnership owns 1.7% invested in Phillips 66 Partners LP (NYSE:PSXP) for 1.35M shares. Deutsche Fincl Bank Ag reported 94,040 shares. Highstreet Asset holds 0% or 152 shares in its portfolio. Endowment Mgmt Ltd Partnership reported 16,630 shares or 0.11% of all its holdings. Moreover, Nuveen Asset Management Ltd Liability Corporation has 0.01% invested in Phillips 66 Partners LP (NYSE:PSXP). Walnut Private Equity Prns Limited Liability Com holds 725 shares or 0.03% of its portfolio. Walleye Trading Limited Liability Corporation reported 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP). 178 are owned by Carroll Financial Assocs.

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