Press coverage about Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has been trending somewhat positive this week, Alpha One reports. The research firm, a service of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calumet Specialty Products Partners, L.P. earned a news sentiment score of 0.02 on Alpha One’s scale. Alpha One also assigned press coverage about the oil and gas company an impact score of 92 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) traded up 2.38% during trading on Friday, hitting $4.30. The stock had a trading volume of 88,063 shares. The company’s market cap is $329.77 million. Calumet Specialty Products Partners, L.P. has a 52-week low of $2.79 and a 52-week high of $6.41. The firm’s 50-day moving average price is $4.15 and its 200-day moving average price is $4.02.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.60. The firm had revenue of $937.40 million during the quarter, compared to the consensus estimate of $1.02 billion. Calumet Specialty Products Partners, L.P. had a negative return on equity of 65.80% and a negative net margin of 6.97%. Analysts predict that Calumet Specialty Products Partners, L.P. will post ($1.13) EPS for the current fiscal year.
A number of research analysts have recently commented on the company. FBR & Co restated a “hold” rating and issued a $4.00 target price on shares of Calumet Specialty Products Partners, L.P. in a research note on Tuesday, February 28th. Credit Suisse Group cut Calumet Specialty Products Partners, L.P. from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $5.00 to $3.00 in a research note on Friday, March 24th. Royal Bank Of Canada restated a “hold” rating and issued a $4.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research note on Thursday, March 30th. Finally, Wells Fargo & Company upgraded Calumet Specialty Products Partners, L.P. from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a research note on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.30.
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In other news, Director James S. Carter purchased 13,600 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was bought at an average price of $3.70 per share, for a total transaction of $50,320.00. Following the purchase, the director now owns 93,441 shares of the company’s stock, valued at $345,731.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.75% of the stock is owned by corporate insiders.
About Calumet Specialty Products Partners, L.P.
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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