Watch List Stock News: Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) spotted trading -51.06% off 52-week high price. On the other end, the stock has been noted 12.21% away from the low price over the last 52-weeks. The stock changed 4.96% to recent value of $4.87. The stock transacted 538670 shares during most recent day however it has an average volume of 280.25K shares. The company has 85.3M of outstanding shares and 61.47M shares were floated in the market.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT), a leading independent producer of specialty hydrocarbon and fuels products, today announced Daniel (Dan) L. Sheets has been appointed to the Board of Directors of Calumet’s general partner, Calumet GP, LLC as of October 29th, 2018.

Mr. Sheets retired in 2018 following a 39-year career in the specialty chemical industry. The last 33 years of Mr. Sheets’ career was spent working in various commercial, business development and general management capacities for Lubrizol, serving as the President of Lubrizol Additives for the last ten years. Through Mr. Sheets’ tenure as President of Lubrizol Additives, he served as the head of a $4 billion business. Prior to his role as President he served as the primary manager of Lubrizol’s engine oils business, the Company’s largest business unit, where he successfully executed a significant business turnaround and margin enhancement initiative. Previous to his time spent in Lubrizol’s core lubricants business, he began and led an additives division that served the paints, performance coatings, and inks industries and managed the division through multiple business acquisitions.

Tim Go, CEO of Calumet Specialty said “I would like to personally welcome Dan to Calumet and thank him for his commitment to our Partnership”. “Dan brings 39 years of industry experience and knowledge of the specialty chemical and lubricants business to our Board of Directors, and his appointment is reflective of the direction in which our business is evolving. His extensive experience and insights will be highly-valued as we continue our transformation to become the premier specialty products company in the marketplace.”

The Board of Directors of Calumet GP, LLC is currently comprised of seven members. Mr. Sheets joins as the eighth Director and the fourth independent Director serving on the Board. Mr. Sheets holds a Bachelor of Science degree in Electrical Engineering from Pennsylvania State University.

Its earnings per share (EPS) expected to touch remained 90.00% for this year while earning per share for the next 5-years is expected to reach at 10.00%. CLMT has a gross margin of 12.80%.

According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -12.70% from the mean of 20 days, -21.58% from mean of 50 days SMA and performed -31.71% from mean of 200 days price. Company’s performance for the week was -8.11%, -23.91% for month and YTD performance remained -36.75%.

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -

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