Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT – Get Free Report) saw an uptick in trading volume on Monday after Wells Fargo & Company raised their price target on the stock from $25.00 to $29.00. Wells Fargo & Company currently has an overweight rating on the stock. 165,373 shares changed hands during trading, a decline of 54% from the previous session’s volume of 362,593 shares.The stock last traded at $21.34 and had previously closed at $20.06.
Other research analysts also recently issued research reports about the company. TD Cowen increased their price objective 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. StockNews.com started coverage on Calumet Specialty Products Partners in a research report on Tuesday, October 15th. They issued a “hold” rating on the stock. The Goldman Sachs Group dropped their price target on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.
Get Our Latest Analysis on CLMT
Institutional Inflows and Outflows
Calumet Specialty Products Partners Trading Up 5.4 %
The stock’s 50-day moving average price is $18.31 and its 200-day moving average price is $16.37. The company has a market capitalization of $1.70 billion, a P/E ratio of -302.14 and a beta of 1.92.
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last posted its earnings results on Friday, August 9th. The oil and gas company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $889.17 million. During the same quarter last year, the company posted ($0.19) EPS. Calumet Specialty Products Partners’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts expect that Calumet Specialty Products Partners, L.P. will post -1.97 earnings per share for the current fiscal year.
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.
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