Calumet Specialty Products Partners (NASDAQ:CLMT) Earns Buy Rating from HC Wainwright

Calumet Specialty Products Partners (NASDAQ:CLMT)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $33.00 target price on the oil and gas company’s stock. HC Wainwright’s price objective would indicate a potential upside of 99.40% from the company’s previous close.

CLMT has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a report on Monday, November 18th. UBS Group cut Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $20.50 to $15.00 in a report on Tuesday, February 4th. Finally, TD Cowen lowered their price target on Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.60.

Calumet Specialty Products Partners Trading Down 4.9 %

NASDAQ CLMT opened at $16.55 on Wednesday. The stock’s 50 day moving average is $19.37 and its 200 day moving average is $18.98. Calumet Specialty Products Partners has a 12 month low of $9.97 and a 12 month high of $25.29. The stock has a market cap of $1.42 billion, a PE ratio of -6.00 and a beta of 1.88.

Insiders Place Their Bets

In other Calumet Specialty Products Partners news, Director Jennifer Straumins sold 37,861 shares of Calumet Specialty Products Partners stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the sale, the director now owns 1,184,589 shares of the company’s stock, valued at $25,373,896.38. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Company Profile

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.