Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David Lunin Purchases 2,500 Shares

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David Lunin acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $13.05 per share, for a total transaction of $32,625.00. Following the completion of the transaction, the chief financial officer now owns 2,500 shares in the company, valued at $32,625. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Calumet Specialty Products Partners Stock Down 0.5 %

NASDAQ:CLMT opened at $12.98 on Thursday. The company has a market capitalization of $1.12 billion, a PE ratio of -4.70 and a beta of 1.88. Calumet Specialty Products Partners, L.P. has a 52-week low of $9.97 and a 52-week high of $25.29. The stock has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $19.20.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings data on Friday, February 28th. The oil and gas company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.59. The company had revenue of $949.50 million for the quarter, compared to analysts’ expectations of $921.76 million. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.59) EPS. As a group, equities analysts anticipate that Calumet Specialty Products Partners, L.P. will post -3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CLMT. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $20.50 to $15.00 in a research report on Tuesday, February 4th. TD Cowen downgraded Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and reduced their target price for the company from $26.00 to $16.00 in a report on Tuesday. StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a report on Monday, November 18th. Wells Fargo & Company reduced their target price on Calumet Specialty Products Partners from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, HC Wainwright reissued a “buy” rating and issued a $33.00 target price on shares of Calumet Specialty Products Partners in a report on Monday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.40.

About Calumet Specialty Products Partners

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.