The Dallas-based airline announced it has struck an offtake agreement with Velocys Renewables LLC in an attempt to avoid 6. About Phillips 66 employees and contractors work at the refinery, and the conversion to an export facility is expected to come with substantial job cuts. A Relative Strength Rating upgrade for Phillips 66 shows improving technical performance. Will it continue? Yahoo Finance. Sign in. Sign in to view your mail. Phillips 66 stock underperforms Monday when compared to competitors despite daily gains Nov.
Phillips 66 stock falls Thursday, underperforms market Nov. Phillips 66 stock falls Tuesday, underperforms market Nov. Refiners Could Get Hurt. ET by Barron's. Phillips 66 stock rises Monday, outperforms market Nov. Phillips 66 stock underperforms Friday when compared to competitors Oct. Phillips 66 stock falls Thursday, underperforms market Oct. Phillips 66 stock underperforms Wednesday when compared to competitors Oct.
ET by Ciara Linnane. Phillips 66 Partners shares up 3. Phillips 66 stock underperforms Tuesday when compared to competitors Oct. Phillips 66 stock underperforms Monday when compared to competitors despite daily gains Oct. Phillips 66 stock underperforms Friday when compared to competitors despite daily gains Oct.
Phillips 66 stock outperforms competitors despite losses on the day Oct. No Headlines Available. Other News Press Releases.
ET on GuruFocus. ET on Zacks. In Phillips 66's case, the main reason its performance was so bad is because its refining margin per barrel and crude utilization rates were drastically below historic levels.
Refining tends to be the oil company's largest and most profitable segment, but it was its biggest downfall in Looking at the figures, it's clear that Phillips 66 doesn't care about high oil prices as long as its business is booming. After a disappointing third quarter , Phillips 66 had been hoping its figures would improve. Instead, the fourth quarter was the largest adjusted quarterly loss in refining for the year. The company's lackluster performance is contrary to other leading energy and industrial stocks that saw their performance improve as the year progressed.
It could take time for Phillips 66 to adjust to higher oil prices. In addition to the points discussed earlier, rising crude prices can be a detriment to refiners in the short term. Prices for refined products rarely move in tandem with crude prices, especially if crude prices dramatically rise or fall in a short period of time. Phillips 66 and other refiners will need to clear their existing inventory, thereby lowering supply, so that prices for their products rise along with crude.
In the meantime, refinery margins will likwly be squeezed. Phillips 66 is still a long way from rebounding to its and levels, but there's an indication that the downstream industry is improving. The U. Energy Information Administration tracks average crude utilization rates. These improved rates are a sign that the industry is ramping up refinery usage in response to higher demand.
This is the good news that Phillips 66 has been waiting for since the pandemic began. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal.
Zacks Premium - The way to access to the Zacks Rank. As an investor, you want to buy srocks with the highest probability of success. This is also referred to as the cash yield. Like the earnings yield, which shows the anticipated yield or return on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings.
Many investors prefer EV to just Market Cap as a better way to determine the value of a company. That means these items are added back into the net income to produce this earnings number. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. Conventional wisdom says that a PEG ratio of 1 or less is considered good at par or undervalued to its growth rate.
A value greater than 1, in general, is not as good overvalued to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.
In short, this is how much a company is worth. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow.
A value under 20 is generally considered good. Our testing substantiates this with the optimum range for price performance between It is the most commonly used metric for determining a company's value relative to its earnings. In this example, we are using the consensus earnings estimate for the Current Fiscal Year F1. In general, a lower number or multiple is usually considered better that a higher one. In general, the lower the ratio is the better.
It's calculated as earnings divided by price. A yield of 8. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. Conversely, if the yield on stocks is higher than the 10 Yr.
Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. It is used to help gauge a company's financial health.
A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first.
Cash flow can be found on the cash flow statement. It's then divided by the number of shares outstanding to determine how much cash is generated per share. It's used by investors as a measure of financial health. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. Using this item along with the 'Current Cash Flow Growth Rate' in the Growth category above , and the 'Price to Cash Flow ratio' several items above in this same Value category , will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow.
This longer-term historical perspective lets the user see how a company has grown over time. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy recession will reduce this number for example, while a recovery will inflate it , which can skew comparisons when looking out over shorter time frames. The longer-term perspective helps smooth out short-term events.
Projected EPS Growth looks at the estimated growth rate for one year. It takes the consensus estimate for the current fiscal year F1 divided by the EPS for the last completed fiscal year F0 actual if reported, the consensus if not. That does not mean that all companies with large growth rates will have a favorable Growth Score. Many other growth items are considered as well. But, typically, an aggressive growth trader will be interested in the higher growth rates. Cash Flow is net income plus depreciation and other non-cash charges.
A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Cash Flow is a measurement of a company's health. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio.
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