Today’s Stock On Watch: Is Calumet Specialty Products Partners, L.P a Buy? The Stock Rises Again

Today's Stock On Watch: Is Calumet Specialty Products Partners, L.P a Buy? The Stock Rises Again

The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) is a huge mover today! The stock last traded at $3.5 per share. It is down 64.38% since April 13, 2016 and is downtrending. It has underperformed by 68.30% the S&P500.
The move comes after 7 months positive chart setup for the $270.73M company. It was reported on Nov, 15 by Barchart.com. We have $6.09 PT which if reached, will make NASDAQ:CLMT worth $200.34M more.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Ratings Coverage

Out of 10 analysts covering Calumet Specialty Products Partners LP (NASDAQ:CLMT), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Calumet Specialty Products Partners LP has been the topic of 22 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by DA Davidson with “Buy” on Monday, November 16. The firm earned “Underperform” rating on Monday, April 18 by Raymond James. RBC Capital Markets maintained Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) on Friday, May 6 with “Sector Perform” rating. The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) has “Underperform” rating given on Monday, April 11 by Credit Suisse. The stock of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) has “Underperform” rating given on Monday, April 25 by Credit Suisse. The firm earned “Outperform” rating on Monday, November 16 by RBC Capital Markets. The firm has “Outperform” rating given on Thursday, February 18 by RBC Capital Markets. As per Friday, September 9, the company rating was initiated by FBR Capital. The stock has “Neutral” rating given by Goldman Sachs on Monday, November 23. The rating was downgraded by RBC Capital Markets on Monday, April 18 to “Sector Perform”.

According to Zacks Investment Research, “Calumet Specialty Products Partners, L.P. is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil into customized lubricating oils, solvents, and waxes used in consumer, industrial, and automotive products. The Company also produces fuel products including gasoline, diesel fuel and jet fuel. Calumet is based in Indianapolis, Indiana and has three plants located in northwest Louisiana.”

Insitutional Activity: The institutional sentiment decreased to 0.32 in Q2 2016. Its down 0.44, from 0.76 in 2016Q1. The ratio fall, as 31 funds sold all Calumet Specialty Products Partners, L.P shares owned while 35 reduced positions. 4 funds bought stakes while 17 increased positions. They now own 5.55 million shares or 44.89% less from 10.07 million shares in 2016Q1.
Da Davidson & accumulated 0% or 1,585 shares. Gsa Capital Prns Ltd Liability Partnership accumulated 39,300 shares or 0.01% of the stock. California Pub Employees Retirement Systems accumulated 143,900 shares or 0% of the stock. Guggenheim Limited holds 0% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) for 149,450 shares. Jefferies Grp Inc Ltd Llc holds 47,029 shares or 0% of its portfolio. The United Kingdom-based Barclays Public Lc has invested 0% in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Susquehanna Interest Gp Ltd Liability Partnership holds 0% of its portfolio in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) for 117,683 shares. The Ohio-based Fifth Third National Bank has invested 0% in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Spot Trading Ltd Com last reported 0.01% of its portfolio in the stock. The Pennsylvania-based Tfs Cap has invested 0.04% in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). Adams Asset Advisors Ltd Limited Liability Company reported 409,500 shares or 0.34% of all its holdings. Ftb Advisors Inc has 0% invested in the company for 500 shares. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.01% invested in Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) for 128,943 shares. Janney Montgomery Scott Limited Liability Corporation holds 25,294 shares or 0% of its portfolio. Global X Mngmt Lc has 16,871 shares for 0% of their US portfolio.

Insider Transactions: Since May 17, 2016, the stock had 4 insider purchases, and 0 insider sales for $172,883 net activity. 18,170 shares with value of $61,778 were bought by William A Anderson on Monday, November 7. $82,500 worth of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) was bought by Fleming Bruce A on Wednesday, August 24. 26,700 shares were bought by Carter James S, worth $99,447 on Tuesday, May 17. On Wednesday, November 9 the insider Mawer Stephen P bought $14,580.

More notable recent Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) news were published by: Prnewswire.com which released: “Calumet Specialty Products Partners, L.P. Reports Third Quarter 2016 Results” on November 03, 2016, also Fool.com with their article: “How Risky Is Calumet Specialty Products Partners, LP?” published on September 16, 2016, Fool.com published: “3 Reasons Calumet Specialty Products Partners, LP Stock Could Rise” on September 22, 2016. More interesting news about Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) were released by: Fool.com and their article: “3 Reasons Calumet Specialty Products Partners, LP Stock Could Fall” published on September 26, 2016 as well as Prnewswire.com‘s news article titled: “Calumet Specialty Products Partners, L.P. Schedules Third Quarter 2016 Results …” with publication date: October 13, 2016.

CLMT Company Profile

Calumet Specialty Products Partners, L.P. (Calumet), incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company’s divisions 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. The Company’s oilfield services segment makes and markets products and provides oilfield services including drilling fluids, completion fluids, production chemicals and solids control services to the gas and oil exploration industry throughout the United States. The Company’s primary operating assets consist of: Shreveport refinery, Superior refinery, San Antonio refinery, Cotton Valley refinery, Montana refinery, Princeton refinery, Royal Purple facility, Bel-Ray facility, Karns City facility and Dickinson facilities, Anchor Drilling Fluids and Anchor Oilfield Services and Terminals. It also owns and operates seven crude oil loading facilities and related assets in North Dakota and Montana, which provides it with the ability to transport crude oil directly from the point of lease, into its crude oil loading facilities and then onto the Enbridge Pipeline where it can be routed to its refineries and/or third party customers. It uses approximately 3,000 railcars leased from various lessors. This fleet of railcars enables it to receive and ship crude oil and distribute various specialty products and fuel products throughout the United States and Canada to and from each of its facilities.

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