Calumet Specialty Products Partners L.P. (NASDAQ:CLMT) has climbed 0.4% in the past week and advanced 39.95% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.6% and the outperformance has advanced to 38.67% for the last 4 weeks period.
Calumet Specialty Products Partners L.P. (NASDAQ:CLMT): The stock opened at $5.35 on Friday but the bulls could not build on the opening and the stock topped out at $5.62 for the day. The stock traded down to $5.02 during the day, due to lack of any buying support eventually closed down at $5.08 with a loss of -2.31% for the day. The stock had closed at $5.20 on the previous day. The total traded volume was 2,427,527 shares.
The company shares have dropped -81.07% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $28.33 and the one year low was seen on May 25, 2016. The 50-Day Moving Average price is $4.26 and the 200 Day Moving Average price is recorded at $11.91.
On the companys insider trading activities, Mawer Stephen P, director of Calumet Specialty Products Partners, L.P., executed a transaction worth $40,370 on May 18, 2016. A total of 11,000 shares were purchased at an average price of $3.67. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Major Brokerage house, DA Davidson upgrades its ratings on Calumet Specialty Products Partners L.P. (NASDAQ:CLMT). In the latest research report, DA Davidson maintains the target price to $5 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on May 5, 2016. Currently the company Insiders own 4.75% of Calumet Specialty Products Partners L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 84.95% . Institutional Investors own 13.82% of Calumet Specialty Products Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 84.95%.
Calumet Specialty Products Partners, L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Companys 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.