Calumet Specialty Products Partners (NASDAQ:CLMT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a research note released on Saturday morning. The brokerage issued a hold rating on the oil and gas company’s stock.

A number of other equities research analysts also recently issued reports on CLMT. HC Wainwright reiterated a buy rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Monday, August 12th. TD Cowen dropped their price objective on Calumet Specialty Products Partners from $20.00 to $18.00 and set a buy rating for the company in a research note on Monday, August 12th. Finally, The Goldman Sachs Group decreased their target price on Calumet Specialty Products Partners from $17.00 to $15.00 and set a buy rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $19.33.

Calumet Specialty Products Partners Price Performance

Shares of CLMT stock opened at $17.22 on Friday. The business’s fifty day moving average price is $15.86 and its 200 day moving average price is $15.71. The firm has a market capitalization of $1.38 billion, a PE ratio of -246.00 and a beta of 1.92. Calumet Specialty Products Partners has a 1-year low of $9.97 and a 1-year high of $21.19.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $889.17 million. During the same period last year, the company earned ($0.19) earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts expect that Calumet Specialty Products Partners will post -1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Calumet Specialty Products Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. ICA Group Wealth Management LLC purchased a new position in Calumet Specialty Products Partners in the 4th quarter valued at about $116,000. Future Financial Wealth Managment LLC purchased a new position in shares of Calumet Specialty Products Partners during the first quarter valued at approximately $119,000. Deuterium Capital Management LLC acquired a new stake in Calumet Specialty Products Partners during the first quarter worth approximately $159,000. Wedbush Securities Inc. purchased a new stake in Calumet Specialty Products Partners in the 2nd quarter worth approximately $169,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in Calumet Specialty Products Partners in the 1st quarter valued at $171,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.

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.