Calumet Specialty Products Partners L.P (CLMT) is Downgraded by Ladenburg Thalmann to Neutral

Calumet Specialty Products Partners L.P (CLMT) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on Calumet Specialty Products Partners L.P. DA Davidson Downgraded Calumet Specialty Products Partners L.P on Apr 19, 2016 to ” Underperform”, Price Target of the shares are set at $5.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.

Calumet Specialty Products Partners L.P closed down -0.37 points or -7.12% at $4.83 with 14,81,006 shares getting traded on Wednesday. Post opening the session at $5.24, the shares hit an intraday low of $4.761 and an intraday high of $5.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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