Calumet Specialty Products Partners, L.P (CLMT) Given Somewhat Critical Press Coverage, Research Finds

Calumet Specialty Products Partners, L.P (CLMT) Given Somewhat Critical Press Coverage, Research Finds

News stories about Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) have trended somewhat negative on Sunday, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Calumet Specialty Products Partners, L.P earned a media sentiment score of -0.04 on AlphaOne’s scale. AlphaOne also assigned headlines about the oil and gas company an impact score of 67 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s scoring:

Calumet Specialty Products Partners, L.P (CLMT) remained flat at $4.00 during trading on Friday. The company had a trading volume of 137,227 shares. The firm’s 50 day moving average price is $3.99 and its 200 day moving average price is $4.03. The stock’s market cap is $306.76 million. Calumet Specialty Products Partners, L.P has a 1-year low of $2.79 and a 1-year high of $6.42.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.60. The business had revenue of $937.40 million for the quarter, compared to analyst estimates of $1.02 billion. Calumet Specialty Products Partners, L.P had a negative return on equity of 66.63% and a negative net margin of 10.28%. Equities analysts forecast that Calumet Specialty Products Partners, L.P will post ($1.15) earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on CLMT shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Calumet Specialty Products Partners, L.P in a research note on Thursday, March 30th. FBR & Co reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Calumet Specialty Products Partners, L.P in a research note on Tuesday, February 28th. Wells Fargo & Co raised Calumet Specialty Products Partners, L.P from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research note on Wednesday, May 10th. Finally, Credit Suisse Group AG lowered Calumet Specialty Products Partners, L.P from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $5.00 to $3.00 in a research note on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Calumet Specialty Products Partners, L.P currently has a consensus rating of “Hold” and a consensus target price of $4.30.

In related news, Director James S. Carter acquired 13,600 shares of the stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $3.70 per share, with a total value of $50,320.00. Following the acquisition, the director now owns 93,441 shares in the company, valued at approximately $345,731.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CLMT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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