Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3.27 by 11 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Major Brokerage house, DA Davidson upgrades its ratings on Calumet Specialty Products Partners L.P. (NASDAQ:CLMT). In the latest research report, DA Davidson maintains the target price to $5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on May 5, 2016.
Calumet Specialty Products Partners L.P. (NASDAQ:CLMT): 8 analysts have set the short term price target of Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) at $9.5. The standard deviation of short term price target has been estimated at $8.18, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 29 and $5 respectively.
Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) witnessed a decline in the market cap on Tuesday as its shares dropped 3.3% or 0.17 points. After the session commenced at $5.15, the stock reached the higher end at $5.1501 while it hit a low of $4.88. With the volume soaring to 881,507 shares, the last trade was called at $4.98. The company has a 52-week high of $28.33. The company has a market cap of $379 million and there are 76,063,679 shares in outstanding. The 52-week low of the share price is $3.42.
Shares of Calumet Specialty Products Partners LP rose by 0.61% in the last five trading days and 37.19% for the last 4 weeks. Calumet Specialty Products Partners LP has dropped 63.17% during the last 3-month period . Year-to-Date the stock performance stands at -74.01%.
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.