Stock Worth Mentioning Today: Will Calumet Specialty Products Partners, L.P Go Down Anytime Soon?

Stock Worth Mentioning Today: Will Calumet Specialty Products Partners, L.P Go Down Anytime Soon?

The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) is a huge mover today! The stock last traded at $3.5 per share. It is down 71.65% since April 4, 2016 and is downtrending. It has underperformed by 72.74% the S&P500.
The move comes after 7 months positive chart setup for the $270.73 million company. It was reported on Nov, 4 by Barchart.com. We have $7.11 PT which if reached, will make NASDAQ:CLMT worth $278.85M more.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Ratings Coverage

Out of 10 analysts covering Calumet Specialty Products Partners LP (NASDAQ:CLMT), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Calumet Specialty Products Partners LP has been the topic of 22 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, April 18. The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) has “Market Perform” rating given on Monday, April 18 by Wells Fargo. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, May 6. The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) has “Outperform” rating given on Thursday, February 18 by RBC Capital Markets. FBR Capital initiated the shares of CLMT in a report on Friday, September 9 with “Mkt Perform” rating. The stock has “Underperform” rating given by Credit Suisse on Monday, April 11. The firm has “Buy” rating given on Thursday, February 18 by Cowen & Co. The firm earned “Neutral” rating on Friday, February 19 by Credit Suisse. DA Davidson initiated the stock with “Buy” rating in Monday, November 16 report. Credit Suisse upgraded the shares of CLMT in a report on Friday, November 4 to “Neutral” rating.

According to Zacks Investment Research, “Calumet Specialty Products Partners, L.P. is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil into customized lubricating oils, solvents, and waxes used in consumer, industrial, and automotive products. The Company also produces fuel products including gasoline, diesel fuel and jet fuel. Calumet is based in Indianapolis, Indiana and has three plants located in northwest Louisiana.”

Insitutional Activity: The institutional sentiment decreased to 0.32 in 2016 Q2. Its down 0.44, from 0.76 in 2016Q1. The ratio turned negative, as 31 funds sold all Calumet Specialty Products Partners, L.P shares owned while 35 reduced positions. 4 funds bought stakes while 17 increased positions. They now own 5.55 million shares or 44.89% less from 10.07 million shares in 2016Q1.
Us Comml Bank De has invested 0% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Exane Derivatives holds 102 shares or 0% of its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems holds 0.01% or 128,943 shares in its portfolio. First Manhattan last reported 0% of its portfolio in the stock. Albert D Mason has 19,997 shares for 0.06% of their US portfolio. Raymond James Associate holds 223,588 shares or 0% of its portfolio. Moreover, Gradient Invs Limited Liability has 0% invested in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) for 20 shares. Tfs Limited Com holds 46,726 shares or 0.04% of its portfolio. Concert Wealth Management holds 0.01% or 13,263 shares in its portfolio. West Family has invested 0.06% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Da Davidson & Com accumulated 1,585 shares or 0% of the stock. Wells Fargo And Mn has 0% invested in the company for 598,468 shares. Ftb accumulated 500 shares or 0% of the stock. The California-based Lpl Finance Limited Liability Corporation has invested 0% in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Goldman Sachs Group Incorporated has 0% invested in the company for 136,545 shares.

Insider Transactions: Since May 9, 2016, the stock had 8 insider purchases, and 0 insider sales for $596,411 net activity. 25,000 shares were bought by Go Timothy, worth $95,500. Murray Richard Patrick II bought $20,050 worth of stock or 5,000 shares. William A Anderson bought $40,700 worth of stock or 10,000 shares. Mawer Stephen P also bought $14,025 worth of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares. Shares for $99,447 were bought by Carter James S on Tuesday, May 17. Fleming Bruce A bought 15,000 shares worth $82,500.

More notable recent Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) news were published by: Prnewswire.com which released: “Calumet Specialty Products Partners, L.P. Reports Third Quarter 2016 Results” on November 03, 2016, also Fool.com with their article: “How Risky Is Calumet Specialty Products Partners, LP?” published on September 16, 2016, Fool.com published: “3 Reasons Calumet Specialty Products Partners, LP Stock Could Fall” on September 26, 2016. More interesting news about Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) were released by: Fool.com and their article: “3 Reasons Calumet Specialty Products Partners, LP Stock Could Rise” published on September 22, 2016 as well as Prnewswire.com‘s news article titled: “Calumet Specialty Products Partners, L.P. Schedules Third Quarter 2016 Results …” with publication date: October 13, 2016.

CLMT Company Profile

Calumet Specialty Products Partners, L.P. (Calumet), incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company’s divisions include specialty products, fuel products and oilfield services. In its specialty products segment, it processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes. It also blends and market specialty products through Royal Purple, Bel-Ray, TruFuel and Quantum brands. In its fuel products segment, it processes crude oil into a range of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, as well as reselling purchased crude oil to third party customers. The Company’s oilfield services segment makes and markets products and provides oilfield services including drilling fluids, completion fluids, production chemicals and solids control services to the gas and oil exploration industry throughout the United States. The Company’s primary operating assets consist of: Shreveport refinery, Superior refinery, San Antonio refinery, Cotton Valley refinery, Montana refinery, Princeton refinery, Royal Purple facility, Bel-Ray facility, Karns City facility and Dickinson facilities, Anchor Drilling Fluids and Anchor Oilfield Services and Terminals. It also owns and operates seven crude oil loading facilities and related assets in North Dakota and Montana, which provides it with the ability to transport crude oil directly from the point of lease, into its crude oil loading facilities and then onto the Enbridge Pipeline where it can be routed to its refineries and/or third party customers. It uses approximately 3,000 railcars leased from various lessors. This fleet of railcars enables it to receive and ship crude oil and distribute various specialty products and fuel products throughout the United States and Canada to and from each of its facilities.

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