Investors making a wish list of stocks to watch should take a look at Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT). The stock is offering a price-to-sales ratio of 0.17. This situation may create an opportunity where long term players can win with either market bounce, or when long-term value is realized. The broad Oil & Gas Refining & Marketing industry has an average P/S ratio of 1.1, which is significantly better than the sector’s 10.85. In the past 13-year record, this ratio went down as low as 0.05 and as high as 0.48. Also, it is up from 87% of the total 156 rivals across the globe.
CLMT traded at an unexpectedly low level on 05/29/2019 when the stock experienced a 0.89% gain to a closing price of $4.52. The company saw 0.24 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 273.99 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 54.87% move, based on the high target price ($7) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $4.93 price target, but the stock is already up 127.14% from its recent lows. However, the stock is trading at -48.34% versus recent highs ($8.75). Analysts believe that we could see stock price minimum in the $4 range (lowest target price), allowing for another -11.5% drop from its current position. Leading up to this report, we have seen a 28.41% rise in the stock price over the last 30 days and a 52.7% increase over the past 3 months. Overall, the share price is up 104.52% so far this year. Additionally, the stock had a day price range of $4.44 to $4.74.Calumet Specialty Products Partners, L.P. (CLMT) Price Potential
Heading into the stock price potential, Calumet Specialty Products Partners, L.P. by far traveled -3.76% after crossing its median price target of $4.35. In order to determine directional movement, the 50-day and 200-day moving averages for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) are $3.8859 and $3.3854. Given that liquidity is king in the short-term, CLMT is a stock with 73.74 million shares outstanding that normally trades 1.03% of its float. The stock price recently experienced a 5-day loss of -3.83% with 0.25 average true range (ATR). CLMT has a beta of 2.02 and RSI is 64.64.
Investors also need to beware of the Weyerhaeuser Company (NYSE:WY) valuations. The stock trades on a P/S of 2.32, which suggests that the shares are attractive compared with peers. The broad Lumber, Wood Production industry has an average P/S ratio of 11.61, which is significantly worse than the sector’s 10.07. In the past 13-year record, this ratio went down as low as 0.45 and as high as 3.98. Also, it is up from 53% of the total 614 rivals across the globe.Weyerhaeuser Company (WY)’s Lead Over its Technicals
Weyerhaeuser Company by far traveled 9.99% versus a 1-year low price of $20.52. The share price was last seen -0.04% lower, reaching at $22.57 on May. 29, 2019. At recent session, the prices were hovering between $22.44 and $22.78. This company shares are 35.76% off its target price of $30.64 and the current market capitalization stands at $16.85B. The recent change has given its price a -12.56% deficit over SMA 50 and -41.21% deficit over its 52-week high. The stock witnessed -14.7% declines, -12.69% declines and -14.28% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WY’s volatility during a week at 2.05% and during a month it has been found around 2.06%.
Weyerhaeuser Company (WY) exchanged hands at an unexpectedly high level of 6.03 million shares over the course of the day. Noting its average daily volume at 4.28 million shares each day over the month, this signifies a pretty significant change over the norm.Weyerhaeuser Company Target Levels
The market experts are predicting a 50.64% rally, based on the high target price of $34 for Weyerhaeuser Company shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $26 range (lowest target price). If faced, it would be a 15.2% jump from its current position. Overall, the share price is up 3.25% year to date [T2].