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Is this Large Market Cap Stock target price reasonable for Phillips 66 Partners LP (NYSE:PSXP)?

The company in question is, Phillips 66 Partners LP (NYSE:PSXP) currently with a stock price of 47.01 (0.02% today). The market cap for Phillips 66 Partners LP is 4875.31, and is in the sector Basic Materials, and Oil & Gas Refining & Marketing industry. The target price for Phillips 66 Partners LP is 61.42. Currently Phillips 66 Partners LP is trading with a P/E of 22.77, and a forward P/E of 15.46. Average volume for Phillips 66 Partners LP is 457.55 and so far today it is 200212.

Performance in the last year for Phillips 66 Partners LP has been -18.43%. For EPS growth, Phillips 66 Partners LP has seen a growth of 29.20%, and is looking to grow in the next year to 33.49%. More long term stats show that EPS growth has been *TBA over the last five years and could be 19.18% for the next five years. Phillips 66 Partners LP has seen sales growth quarter over quarter at 59.90%, with EPS growth quarter over quarter at 26.60%. The 20-day simple moving average is -3.12%, with the 200-day simple moving average coming to -13.02%.

Since the IPO date for Phillips 66 Partners LP on the 7/23/2013, Phillips 66 Partners LP has seen performance year to date to be -21.46%. With Phillips 66 Partners LP trading at 47.01, the dividend yield is 3.98%, and the EPS is 2.06.

So could Phillips 66 Partners LP, be undervalued? Well as said before P/E is 22.77. The PEG is 1.19, P/S is 10.7 and the P/B is at 2.19. The P/cash is 136.56, with P/free cash flow at 10.43.

Phillips 66 Partners LP ability to deal with debt shows that the current ratio is 1.4, and the quick ratio is 1.3. This is with long term debt/equity at 0.69, and total debt/equity at 0.69.

In terms of margins, Phillips 66 Partners LP has a gross margin of *TBA, an operating margin of 63.70% and a profit margin of 38.20%.Payout ratio for Phillips 66 Partners LP is 85.60%. Return on assets come to 7.20% with return on investment coming to 7.10%.

Insider ownership for Phillips 66 Partners LP, is at 0.10% and institutional ownership comes to 34.40%. Outstanding shares are at 103.73. While shares float is 47.01. The float short is currently 1.77%, and short ratio is 1.82.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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