PSX Price Prediction Next Week
Analysis and Insights
To predict the stock price of Phillips 66 (PSX) for the next trading week, we analyze both news and technical indicators.
News Impact:
Refinery Closure Announcement: Phillips 66 plans to close its Los Angeles refinery by October, which may lead to tighter fuel supply and rising prices. This could impact the stock price due to operational challenges and potential cost increases.
Shareholder Yield Rating: PSX has a 65% rating based on the Shareholder Yield Investor model, indicating moderate cash return to shareholders.
Technical Analysis:
- Price Trends: PSX closed at $125.49 on March 21, down 2.59% on increased volume, suggesting selling pressure.
- RSI: The Relative Strength Index (RSI) is 49.09, indicating a neutral position.
- MACD: The MACD is positive but weak, suggesting a bullish signal.
- Moving Averages: PSX is below its 50-day and 200-day moving averages, indicating a bearish trend.
- Fibonacci Levels: Support at $122.86 and resistance at $129.35.
Conclusion:
Considering the mixed technical indicators and the news impact, PSX is expected to face selling pressure. The target price for the next trading week is $124.50.
Recommendation: Sell PSX due to bearish technical signals and potential operational challenges.
PSX Similar Chart Price Prediction
The price of PSX is predicted to go up 8.03%, based on the high correlation periods with HES. The similarity of these two price pattern on the periods is 93.94%.
PSX
HES
Up: 8.03%Similarity: 93.94%
PSX Revenue Forecast
PSX EPS Forecast
PSX FAQs
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PSX VS S&P500
Phillips 66 is expanding its midstream and chemical segments so that refining will represent a smaller portion of earnings over time and help to mitigate the risk of falling refined product demand.
Investments and cost-cutting will lead to higher midcycle earnings capacity and greater shareholder returns relative to the past.
With one of the highest distillate yields among its peers, Phillips 66 is well positioned for the long term, where the growth outlook for distillate is more favorable than gasoline.
PSX Analyst's Forecast
Neil Mehta
Goldman Sachs
Strong Buy → Hold
2025-03-27
Price Target
$132
Upside
+5.84%
Goldman Sachs downgraded Phillips 66 (PSX) to Neutral from Buy with an unchanged price target of $132, implying 8% total return from current levels. The firm sees limited upside to its sum-of-the-parts valuation of $135 per share, particularly following the stock's year-to-date outperformance. Phillips 66 has outperformed its refining peers by 14% in 2025, the analyst tells investors in a research note. For investors looking for large-cap refining exposure, Goldman continues to highlight Marathon Petroleum (MPC).
Theresa Chen
Barclays
Hold
2025-03-14
Price Target
$115 → $135
Upside
+6.53%
Theresa Chen
Barclays
Hold
2025-01-13
Price Target
$124 → $115
Downside
-0.84%
