Media stories about Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) have trended somewhat positive on Thursday, AlphaOne reports. The research group, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne 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 media sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave news articles about the oil and gas company an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s analysis:

Several research firms recently issued reports on CLMT. Royal Bank of Canada reiterated a “hold” rating and set a $4.00 price target on shares of Calumet Specialty Products Partners, L.P in a research report on Thursday, March 30th. FBR & Co reiterated a “hold” rating and set a $4.00 price target on shares of Calumet Specialty Products Partners, L.P in a research report on Tuesday, February 28th. Zacks Investment Research lowered shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research report on Thursday, January 26th. Finally, Credit Suisse Group AG lowered shares of Calumet Specialty Products Partners, L.P from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $5.00 to $3.00 in a research report on Friday, March 24th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.93.

Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded down 1.41% during mid-day trading on Thursday, reaching $3.50. 108,527 shares of the company’s stock were exchanged. The firm’s market cap is $268.42 million. The company has a 50 day moving average price of $3.75 and a 200 day moving average price of $3.99. Calumet Specialty Products Partners, L.P has a 52-week low of $2.79 and a 52-week high of $6.41.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its quarterly earnings data on Friday, February 24th. The oil and gas company reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.73) by $0.25. Calumet Specialty Products Partners, L.P had a negative net margin of 10.28% and a negative return on equity of 66.63%. The business earned $946.90 million during the quarter, compared to analysts’ expectations of $892.48 million. Analysts forecast that Calumet Specialty Products Partners, L.P will post ($1.71) earnings per share for the current fiscal year.

In other Calumet Specialty Products Partners, L.P news, CEO Timothy Go acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was bought at an average price of $3.94 per share, with a total value of $78,800.00. Following the purchase, the chief executive officer now owns 111,682 shares of the company’s stock, valued at $440,027.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Carter acquired 13,600 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was acquired at an average cost of $3.70 per share, with a total value of $50,320.00. Following the purchase, the director now directly owns 93,441 shares in the company, valued at approximately $345,731.70. The disclosure for this purchase can be found here. Insiders bought a total of 37,200 shares of company stock valued at $143,160 in the last ninety days. 4.75% of the stock is owned by corporate insiders.

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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.

5 Day Chart for NASDAQ:CLMT

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