Calumet Specialty Products Partners (NASDAQ:CLMT) Given New $29.00 Price Target at Wells Fargo & Company

Calumet Specialty Products Partners (NASDAQ:CLMT) had its price target upped by Wells Fargo & Company from $25.00 to $29.00 in a research note issued to investors on Monday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and gas company’s stock.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 5th. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Calumet Specialty Products Partners in a report on Thursday, October 17th. StockNews.com assumed coverage on Calumet Specialty Products Partners in a report on Tuesday, October 15th. They issued a “hold” rating for the company. Finally, TD Cowen lifted their target price on Calumet Specialty Products Partners from $22.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Calumet Specialty Products Partners Trading Up 0.5 %

Shares of NASDAQ CLMT opened at $21.19 on Monday. Calumet Specialty Products Partners has a twelve month low of $9.97 and a twelve month high of $25.29. The stock has a fifty day simple moving average of $18.74 and a 200-day simple moving average of $16.52. The stock has a market capitalization of $1.70 billion, a PE ratio of -302.64 and a beta of 1.92.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings data on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $889.17 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities analysts predict that Calumet Specialty Products Partners will post -1.97 earnings per share for the current year.

Institutional Trading of Calumet Specialty Products Partners

Institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new stake in Calumet Specialty Products Partners during the 1st quarter worth about $119,000. Wedbush Securities Inc. purchased a new stake in Calumet Specialty Products Partners during the 2nd quarter worth about $169,000. Deuterium Capital Management LLC purchased a new stake in Calumet Specialty Products Partners during the 1st quarter worth about $159,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new stake in shares of Calumet Specialty Products Partners in the 1st quarter valued at about $171,000. Finally, Sapient Capital LLC boosted its position in shares of Calumet Specialty Products Partners by 9.5% in the 2nd quarter. Sapient Capital LLC now owns 11,501 shares of the oil and gas company’s stock valued at $185,000 after purchasing an additional 1,000 shares during the period. 34.41% of the stock is owned by hedge funds and other institutional investors.

Calumet Specialty Products Partners Company Profile

Calumet, Inc manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Montana/Renewables; and Performance brands segments.