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Weakness Seen in Calumet Specialty Products (CLMT): Stock Tanks 13.5% - Tale of the Tape

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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CALUMET SPECLTY (CLMT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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