Calumet Specialty Products Partners L.P. (CLMT) Receives Analyst Rating

Calumet Specialty Products Partners L.P. (CLMT) : 11 analysts are covering Calumet Specialty Products Partners L.P. (CLMT) and their average rating on the stock is 3.45, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Calumet Specialty Products Partners L.P. (CLMT) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $9 and the lowest price target forecast is $5. The average forecast of all the analysts is $5.88 and the expected standard deviation is $1.46.


Also, FBR Capital initiates coverage on Calumet Specialty Products Partners L.P. (NASDAQ:CLMT). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm announces the price target at $6 per share. The rating by the firm was issued on September 9, 2016.

Calumet Specialty Products Partners L.P. (NASDAQ:CLMT): After opening at $5.85, the stock dipped to an intraday low of $5.85 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.27 and the buying power remained strong till the end. The stock closed at $6.15 for the day, a gain of 4.77% for the day session. The total traded volume was 497,408. The stocks close on the previous trading day was $5.87.

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.

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