P/E Ratio Insights for Phillips 66
Portfolio Pulse from Benzinga Insights
Phillips 66 Inc.'s stock price is currently at $114.65, after a 1.88% drop. However, over the past month, the stock has increased by 2.51%, and in the past year, by 10.69%. The company's P/E ratio of 7.06 is lower than the aggregate P/E ratio of 8.69 in the Oil, Gas & Consumable Fuels industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.
November 07, 2023 | 2:45 pm
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Phillips 66 Inc.'s stock price has dropped 1.88% to $114.65. Its P/E ratio of 7.06 is lower than the industry average, which could suggest that the stock is undervalued or that it may not perform as well in the future.
Phillips 66 Inc.'s stock price has dropped, which could negatively impact investor sentiment. However, its lower P/E ratio compared to the industry average could suggest that the stock is undervalued, which could attract investors looking for a bargain. On the other hand, the lower P/E ratio could also indicate that investors do not expect the stock to perform as well in the future, which could deter some investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100