Calumet Specialty Products Partners LP ( CLMT ) saw a big move last session, as the company's shares fell by nearly 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CLMT, as the stock is now down 29.4% in the past one-month time frame.
Calumet Specialty Products has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
CLMT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Oil Refining and Marketing industry may consider better-ranked stocks like Murphy USA Inc. ( MUSA ), PBF Energy Inc. ( PBF ) and Tesoro Corporation ( TSO ). All these stocks carry a Zacks Rank #2 (Buy).
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