Calumet Specialty Products Partners L.P (CLMT) is Downgraded by DA Davidson to Underperform, Price Target at $5

Calumet Specialty Products Partners L.P (CLMT) was Downgraded by DA Davidson to ” Underperform” and the brokerage firm has set the Price Target at $5. Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on Apr 19, 2016.

Many Wall Street Analysts have commented on Calumet Specialty Products Partners L.P. Calumet Specialty Products Partners L.P was Downgraded by Raymond James to ” Underperform” on Apr 18, 2016. Calumet Specialty Products Partners L.P was Downgraded by Wells Fargo to ” Market Perform” on Apr 18, 2016. Shares were Reiterated by Scotia Howard Weil on Apr 18, 2016 to “Sector Underperform” and Lowered the Price Target to $ 5 from a previous price target of $19 .

Calumet Specialty Products Partners L.P closed down -4.97 points or -48.39% at $5.3 with 1,14,92,619 shares getting traded on Monday. Post opening the session at $4.97, the shares hit an intraday low of $4.9 and an intraday high of $6.1799 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 27, 2015, William H Hatch (CEO) purchased 10,000 shares at $26.75 per share price.

Calumet Specialty Products Partners L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Company’s segments 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. Its oilfield services segment manufactures and markets products and provides oilfield services including drilling fluids completion fluids production chemicals and solids control services to the oil and gas exploration industry throughout the United States.

Calumet Specialty Products Partners L.P

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