Calumet Specialty Products Partners, L.P. (CLMT) Getting Somewhat Positive Press Coverage, Accern Reports
News coverage about Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Calumet Specialty Products Partners, L.P. earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 45.5832700815364 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- 5 Oil Stocks that Outperformed in August (finance.yahoo.com)
- Calumet Specialty Products Part (NASDAQ:CLMT) Trading Up – Short interest grew by 11.42% (highlightpress.com)
- Calumet refinery in San Antonio can’t keep up with demand for gas (bizjournals.com)
- Do Calumet’s Technical Indicators Hint Further Price Rise? (finance.yahoo.com)
- Mid-Morning Market Update: Markets Open Lower; United Technologies To Buy Rockwell Collins For $30 Billion – Nasdaq (nasdaq.com)
A number of analysts have recently issued reports on CLMT shares. Wells Fargo & Company raised shares of Calumet Specialty Products Partners, L.P. from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Wednesday, May 10th. BidaskClub cut shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective on the stock in a research report on Tuesday, July 11th. Cowen and Company restated a “hold” rating and issued a $5.00 price objective on shares of Calumet Specialty Products Partners, L.P. in a research report on Friday, July 14th. Finally, Janney Montgomery Scott upgraded shares of Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $8.50 in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.43.
Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) opened at 8.05 on Thursday. Calumet Specialty Products Partners, L.P. has a 52 week low of $2.79 and a 52 week high of $9.10. The stock has a 50 day moving average of $6.05 and a 200-day moving average of $4.50. The stock’s market capitalization is $617.67 million.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last posted its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.58. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $841 million. Calumet Specialty Products Partners, L.P. had a negative net margin of 2.81% and a negative return on equity of 48.17%. On average, equities research analysts expect that Calumet Specialty Products Partners, L.P. will post ($0.21) EPS for the current year.
In other news, CFO David West Griffin acquired 8,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $5.19 per share, with a total value of $42,039.00. Following the completion of the acquisition, the chief financial officer now owns 49,252 shares of the company’s stock, valued at approximately $255,617.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 78,005 shares of company stock valued at $354,884 in the last ninety days. Insiders own 4.75% of the company’s stock.
Calumet Specialty Products Partners, L.P. Company Profile
Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.
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