Analyst Price Target Update on Calumet Specialty Products Partners L.P. (NASDAQ:CLMT)

Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) should head towards $10.22 per share according to 9 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $5 per share. The higher price estimate target is at $29 according to the Analysts.

Many analysts have stated their opinion on the company shares. DA Davidson upgrades their rating on the shares of Calumet Specialty Products Partners L.P. (NASDAQ:CLMT). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. Equity Analysts at the Firm maintains the price target to $5 per share. The rating by the firm was issued on May 5, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Calumet Specialty Products Partners, L.P., Mawer Stephen P had purchased shares worth of $40,370 in a transaction dated on May 18, 2016. A total of 11,000 shares were purchased at a price of $3.67 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.28 points or 5.53% at $4.78 with 1,033,320 shares getting traded. Post opening the session at $5.09, the shares hit an intraday low of $4.6 and an intraday high of $5.11 and the price was in this range throughout the day. The company has a market cap of $364 million and the number of outstanding shares have been calculated to be 76,063,679 shares. The 52-week high of Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) is $28.33 and the 52-week low is $3.42.

Calumet Specialty Products Partners, L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Companys segments 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. Its oilfield services segment manufactures and markets products and provides oilfield services, including drilling fluids, completion fluids, production chemicals and solids control services to the oil and gas exploration industry throughout the United States.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *