Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Calumet Specialty Products Partners, L.P before investing.

In this article, we go over a few key elements for understanding Calumet Specialty Products Partners, L.P’s stock price such as:

• Calumet Specialty Products Partners, L.P’s current stock price and volume
• Why Calumet Specialty Products Partners, L.P’s stock price changed recently
• Upgrades and downgrades for CLMT from analysts
• CLMT’s stock price momentum as measured by its relative strength

About Calumet Specialty Products Partners, L.P (CLMT)

Before we jump into Calumet Specialty Products Partners, L.P’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a range of consumer-facing and industrial markets. In its Specialty Products and Solutions segment, the Company manufactures and markets a variety of solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. Its Montana/Renewables segment consists of two facilities, renewable fuels, and specialty asphalt. At its Montana Renewables facility, it processes a variety of geographically advantaged renewable feedstocks into renewable diesel, sustainable aviation fuel (SAF), renewable hydrogen, and others. At its Montana specialty asphalt facility, it processes Canadian crude oil into conventional gasoline, diesel, and others. In its Performance Brands segment, it blends, packages and markets high performance products through its Royal Purple, Bel-Ray, and TruFuel brands.

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Calumet Specialty Products Partners, L.P’s Stock Price as of Market Close

As of July 10, 2024, 4:00 PM, CST, Calumet Specialty Products Partners, L.P’s stock price was $17.32.

Calumet Specialty Products Partners, L.P is up 7.31% from its previous closing price of $16.14.

During the last market session, Calumet Specialty Products Partners, L.P’s stock traded between $16.06 and $16.26. Currently, there are 80.35 million shares of Calumet Specialty Products Partners, L.P stock available for purchase.

Unfortunately, Calumet Specialty Products Partners, L.P’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Calumet Specialty Products Partners, L.P Stock Price History

Calumet Specialty Products Partners, L.P’s (CLMT) price is currently up 7.91% so far this month.

During the month of July, Calumet Specialty Products Partners, L.P’s stock price has reached a high of $17.45 and a low of $15.90.

Over the last year, Calumet Specialty Products Partners, L.P has hit prices as high as $19.91 and as low as $11.91. Year to date, Calumet Specialty Products Partners, L.P’s stock is up 2.61%.

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What Caused Calumet Specialty Products Partners, L.P Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 09, 2024, there were 2 analysts who downgraded Calumet Specialty Products Partners, L.P’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Calumet Specialty Products Partners, L.P’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Calumet Specialty Products Partners, L.P’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Calumet Specialty Products Partners, L.P’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Calumet Specialty Products Partners, L.P (CLMT) by visiting AAII Stock Evaluator.

Relative Price Strength of Calumet Specialty Products Partners, L.P

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 09, 2024, Calumet Specialty Products Partners, L.P has a weighted four-quarter relative price strength of -4.71%, which translates to a Momentum Score of 57 and is considered to be Average.

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Calumet Specialty Products Partners, L.P Stock Price: Bottom Line

As of July 10, 2024, Calumet Specialty Products Partners, L.P’s stock price is $17.32, which is up 7.31% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Calumet Specialty Products Partners, L.P stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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