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

HC Wainwright reiterated their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a report published on Monday,Benzinga reports. HC Wainwright currently has a $33.00 target price on the oil and gas company’s stock.

A number of other research analysts have also weighed in on the stock. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $20.50 to $15.00 in a research note on Tuesday, February 4th. StockNews.com raised shares of Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. Finally, TD Cowen decreased their target price on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Calumet Specialty Products Partners has a consensus rating of “Hold” and a consensus target price of $23.60.

Calumet Specialty Products Partners Trading Down 6.1 %

Shares of Calumet Specialty Products Partners stock opened at $13.46 on Monday. The firm’s 50-day moving average price is $17.98 and its 200 day moving average price is $19.22. Calumet Specialty Products Partners has a twelve month low of $9.97 and a twelve month high of $25.29. The firm has a market capitalization of $1.16 billion, a PE ratio of -4.88 and a beta of 1.88.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.59. The business had revenue of $949.50 million during the quarter, compared to analysts’ expectations of $921.76 million. During the same period last year, the business earned ($0.59) earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Calumet Specialty Products Partners will post -3.02 EPS for the current fiscal year.

Insider Transactions at Calumet Specialty Products Partners

In other news, Director Jennifer Straumins sold 37,861 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total transaction of $810,982.62. Following the completion of the sale, the director now owns 1,184,589 shares in the company, valued at $25,373,896.38. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.