Press coverage about Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has trended somewhat negative on Monday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Calumet Specialty Products Partners, L.P. earned a daily sentiment score of -0.12 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 76 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Shares Seesawing on Volume: Calumet Specialty Products Partners LP (CLMT) – Evergreen Caller (evergreencaller.com)
- Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO Purchases $37,350.00 in Stock (americanbankingnews.com)
- David West Griffin Buys 3,000 Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Stock (americanbankingnews.com)
- David West Griffin Acquires 3,000 Shares of Calumet Specialty Products Partners, L.P. (CLMT) Stock (americanbankingnews.com)
- Calumet Specialty Products Partners, L.P. (CLMT) Expected to Announce Quarterly Sales of $841.00 Million (americanbankingnews.com)
CLMT has been the topic of several analyst reports. Credit Suisse Group downgraded Calumet Specialty Products Partners, L.P. from a “neutral” rating to an “underperform” rating and cut their target price for the company from $5.00 to $3.00 in a research report on Friday, March 24th. Royal Bank of Canada reissued a “hold” rating and set a $4.00 target price on shares of Calumet Specialty Products Partners, L.P. in a research report on Thursday, March 30th. Finally, Wells Fargo & Company raised Calumet Specialty Products Partners, L.P. from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.30.
Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) traded up 1.23% during trading on Monday, reaching $4.10. The company’s stock had a trading volume of 32,431 shares. Calumet Specialty Products Partners, L.P. has a 1-year low of $4.00 and a 1-year high of $4.20.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.60. Calumet Specialty Products Partners, L.P. had a negative return on equity of 65.80% and a negative net margin of 6.97%. The business had revenue of $937.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. Analysts predict that Calumet Specialty Products Partners, L.P. will post ($1.27) earnings per share for the current year.
In related news, CFO David West Griffin bought 6,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was purchased at an average cost of $4.21 per share, with a total value of $25,260.00. Following the purchase, the chief financial officer now directly owns 13,600 shares of the company’s stock, valued at approximately $57,256. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James S. Carter bought 13,600 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average cost of $3.70 per share, with a total value of $50,320.00. Following the completion of the purchase, the director now directly owns 93,441 shares in the company, valued at $345,731.70. The disclosure for this purchase can be found here. Insiders bought 51,200 shares of company stock valued at $206,300 over the last ninety days. Insiders own 4.75% of the company’s stock.
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About Calumet Specialty Products Partners, L.P.
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.
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