Media coverage about Calumet Specialty Products Partners (NASDAQ:CLMT) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Calumet Specialty Products Partners earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.5096363765448 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Calumet Specialty Products Partners from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. ValuEngine upgraded Calumet Specialty Products Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Calumet Specialty Products Partners from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Friday, March 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.19.
Calumet Specialty Products Partners stock traded down $0.05 during trading on Friday, hitting $7.20. The stock had a trading volume of 289,302 shares, compared to its average volume of 178,688. Calumet Specialty Products Partners has a 1 year low of $7.05 and a 1 year high of $7.30. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 15.44. The company has a market cap of $553.72 million, a price-to-earnings ratio of -12.86 and a beta of 1.13.
Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings data on Thursday, March 8th. The oil and gas company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.16. Calumet Specialty Products Partners had a negative return on equity of 29.30% and a negative net margin of 2.14%. The business had revenue of $883.80 million for the quarter, compared to the consensus estimate of $716.80 million. equities research analysts forecast that Calumet Specialty Products Partners will post -0.57 earnings per share for the current fiscal year.
Calumet Specialty Products Partners Company Profile
Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.
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