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

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

Other research analysts have also issued research reports about the stock. TD Cowen dropped their price target on shares of Calumet Specialty Products Partners from $20.00 to $18.00 and set a buy rating on the stock in a research note on Monday, August 12th. HC Wainwright restated a buy rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research note on Monday, August 12th. Finally, 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. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $19.33.

Calumet Specialty Products Partners Stock Performance

Calumet Specialty Products Partners stock opened at $20.64 on Tuesday. The firm has a market cap of $1.66 billion, a PE ratio of -294.86 and a beta of 1.93. The firm’s 50 day moving average price is $15.07 and its two-hundred day moving average price is $15.46. Calumet Specialty Products Partners has a twelve month low of $9.97 and a twelve month high of $20.86.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its quarterly earnings data on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.07. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $889.17 million. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) EPS. Equities analysts anticipate that Calumet Specialty Products Partners will post -1.9 EPS for the current fiscal year.

Institutional Trading of Calumet Specialty Products Partners

Large investors have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Calumet Specialty Products Partners during the 4th quarter worth $116,000. Future Financial Wealth Managment LLC bought a new stake in shares of Calumet Specialty Products Partners during the 1st quarter worth $119,000. PFG Investments LLC bought a new stake in shares of Calumet Specialty Products Partners during the 1st quarter worth $155,000. Deuterium Capital Management LLC bought a new stake in shares of Calumet Specialty Products Partners during the 1st quarter worth $159,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Calumet Specialty Products Partners during the 2nd quarter worth $169,000. 34.41% of the stock is owned by institutional investors.

About Calumet Specialty Products Partners

Calumet Specialty Products Partners, L.P. 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; Performance brands; Montana/Renewables; and Corporate segments.