Stock Worth Mentioning Today: What’s Ahead for Calumet Specialty Products Partners, L.P After Today’s Huge Increase?

Stock Worth Mentioning Today: What's Ahead for Calumet Specialty Products Partners, L.P After Today's Huge Increase?

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 23.54% since April 27, 2016 and is downtrending. It has underperformed by 28.77% the S&P500.
The move comes after 8 months positive chart setup for the $270.73 million company. It was reported on Nov, 30 by Barchart.com. We have $3.71 PT which if reached, will make NASDAQ:CLMT worth $16.24 million more.

Analysts await Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) to report earnings on February, 15. They expect $-0.64 EPS, up 58.97% or $0.92 from last year’s $-1.56 per share. After $-0.42 actual EPS reported by Calumet Specialty Products Partners, L.P for the previous quarter, Wall Street now forecasts 52.38% negative EPS growth.

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 stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) has “Buy” rating given on Thursday, February 18 by Cowen & Co. The stock has “Neutral” rating given by Goldman Sachs on Monday, November 23. On Friday, November 4 the stock rating was upgraded by Credit Suisse to “Neutral”. As per Friday, September 9, the company rating was initiated by FBR Capital. The rating was initiated by DA Davidson with “Buy” on Monday, November 16. On Monday, April 25 the stock rating was maintained by Credit Suisse with “Underperform”. RBC Capital Markets maintained Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) rating on Thursday, February 18. RBC Capital Markets has “Outperform” rating and $22 price target. Credit Suisse downgraded Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) on Friday, February 19 to “Neutral” rating. As per Monday, April 18, the company rating was downgraded by Raymond James. The company was downgraded on Monday, April 18 by Janney Capital.

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 increased to 1.22 in 2016 Q2. Its up 0.90, from 0.32 in 2016Q1. The ratio improved, 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.
Gilman Hill Asset Ltd Liability Corporation reported 21,590 shares or 0.04% of all its holdings. Pnc Financial Svcs Group Inc last reported 0% of its portfolio in the stock. Lpl Fincl Limited Com holds 26,828 shares or 0% of its portfolio. Geode Cap Management Ltd Com holds 39,003 shares or 0% of its portfolio. The Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Financial Architects last reported 0% of its portfolio in the stock. Linscomb & Williams holds 0.05% or 97,493 shares in its portfolio. Bancorporation Of Montreal Can holds 16 shares or 0% of its portfolio. Manufacturers Life Insurance The has invested 0% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Morgan Stanley reported 333,973 shares or 0% of all its holdings. Jefferies Group Incorporated Ltd Liability Com last reported 47,029 shares in the company. Ameriprise has invested 0% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Susquehanna Group Inc Llp has 117,683 shares for 0% of their US portfolio. Oakwood Cap Management Ltd Company Ca last reported 0.04% of its portfolio in the stock. Barclays Public Ltd Com accumulated 80,074 shares or 0% of the stock.

Insider Transactions: Since August 19, 2016, the stock had 4 insider buys, and 0 insider sales for $172,883 net activity. Fleming Bruce A bought 15,000 shares worth $82,500. Mawer Stephen P bought $14,025 worth of stock or 2,500 shares. William A Anderson also bought $61,778 worth of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares.

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