Analyst Revises Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Stock Target To $6.9000

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Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) mean price target is $6.9000. Thomson Reuters averaged all the calls of analysts polled in First Call census. The EPS projection is $-0.3300 for approaching quarter and for ongoing fiscal at $-3.0900. The market cap of Calumet Specialty Products Part was recorded at $311.59M after the stock closed at $4.2000 in last trading day.

What The Valuation Says?

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has a P/E ratio of N/A. Investors can weigh how the equity is performing by fuguring Price-to-Earnings Growth ratio.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) PEG ratio sits at -0.1400.

Technical Perspective

Technical assessment is used to attempt to estimate the price movement of almost any tradable asset that is usually subject to forces of demand and supply, including stocks, futures, currency pairs and bonds. In fact, technical study can be viewed as the analysis of demand and supply forces as seen in the price movements of a stock. It is most frequently applied to price changes, however, some experts may additionally follow numbers in addition to price, such as open interest figures or trading volume.

Over the years, many technical indicators have been advanced by analysts in efforts to accurately estimate future price movements. There are indicators that focuses primarily on recognising the existing market trend, including resistance and support areas, while others focuses on defining the strength of a movement and the probability of its continuation. Frequently used technical indicators are moving averages, momentum indicators and trendlines.

The technical analysis of Calumet Specialty Products Part clarifies that the 50-day MA of Calumet Specialty Products Part is $5.3451, and stock is trading $-1.2652 points away or -23.6709% from 50-day MA of $5.3451. It is trading $-1.6047 or -28.2294% away 200-day MA of $5.6846. Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) 52-week high is $27.8800 and the 52-week low is $3.4200. If the stock gains $-23.8001 points, it will top 52-week high. Yet, if it declines +19.2953%, it will breach 52-week low.

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