Heavy Early Morning Activity On Calumet Specialty Products Partners (CLMT)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
Calumet Specialty Products Partners
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Calumet Specialty Products Partners as such a stock due to the following factors:
- CLMT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.4 million
- CLMT traded 44,825 shares today in the pre-market hours as of 8:15 AM, representing 13.8% of its average daily volume
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More details on CLMT:
Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in two segments, Specialty Products and Fuel Products. The stock currently has a dividend yield of 9.5%. Currently there are two analysts that rate Calumet Specialty Products Partners a buy, one analyst rates it a sell, and four rate it a hold.
The average volume for Calumet Specialty Products Partners has been 355,600 shares per day over the past 30 days. Calumet Specialty has a market cap of $2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.33 and a short float of 2% with 2.91 days to cover. Shares are up 26.6% year-to-date as of the close of trading on Friday.
Analysis:
rates Calumet Specialty Products Partners as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 19.8%. Since the same quarter one year prior, revenues slightly increased by 7.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has significantly increased by 336.37% to $168.30 million when compared to the same quarter last year. In addition, CALUMET SPECIALTY PRODS -LP has also vastly surpassed the industry average cash flow growth rate of -11.94%.
- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- The debt-to-equity ratio is very high at 2.11 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. To add to this, CLMT has a quick ratio of 0.66, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CALUMET SPECIALTY PRODS -LP's return on equity significantly trails that of both the industry average and the S&P 500.
- You can view the full Calumet Specialty Products Partners Ratings Report
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