Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Calumet Specialty Products Partners, L.P (CLMT) Stock Price

Headlines about Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calumet Specialty Products Partners, L.P earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.1679521513575 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded up $0.32 during trading on Friday, hitting $7.70. 466,700 shares of the company traded hands, compared to its average volume of 469,413. The company has a market cap of $598.49, a price-to-earnings ratio of -6.11 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 10.67. Calumet Specialty Products Partners, L.P has a 12 month low of $3.40 and a 12 month high of $9.95.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its quarterly earnings results on Thursday, December 28th. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.55). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1 billion. Calumet Specialty Products Partners, L.P had a negative net margin of 2.47% and a negative return on equity of 48.84%. equities research analysts predict that Calumet Specialty Products Partners, L.P will post -0.51 EPS for the current year.

Several equities analysts have recently commented on the stock. BidaskClub cut shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Thursday. Cowen restated a “hold” rating and issued a $5.00 target price on shares of Calumet Specialty Products Partners, L.P in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Wells Fargo & Co boosted their target price on shares of Calumet Specialty Products Partners, L.P from $7.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.29.

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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.

Insider Buying and Selling by Quarter for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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