Calumet Specialty Products Partners, L.P. (CLMT) Earning Somewhat Positive Media Coverage, Report Finds

News articles about Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 news sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.9538519335722 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Shares of Calumet Specialty Products Partners, L.P. (CLMT) opened at $8.20 on Friday. Calumet Specialty Products Partners, L.P. has a 52-week low of $3.40 and a 52-week high of $9.95. The company has a debt-to-equity ratio of 9.55, a current ratio of 1.36 and a quick ratio of 0.59.

A number of research analysts have recently weighed in on CLMT shares. Zacks Investment Research cut Calumet Specialty Products Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Janney Montgomery Scott upgraded Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and raised their price target for the company from $6.00 to $8.50 in a research report on Monday, August 14th. Cowen and Company restated a “hold” rating and issued a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research report on Tuesday, October 17th. ValuEngine upgraded Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Wells Fargo & Company raised their price target on 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

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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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