Phillips 66 Partners LP (PSXP) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $59.83 to $72.94 over the past one-month time frame.
One estimate for this oil &gas refining &marketing stock moved down over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.
However, some better-ranked stocks in the same industry include Sprague Resources LP (SRLP), Calumet Specialty Products Partners LP (CLMT) and CVR Refining, LP (CVRR). While Sprague Resources sports a Zacks Rank #1 (Strong Buy), Calumet Specialty Products Partners and CVR Refining hold a Zacks Rank #2 (Buy).
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