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Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) have received an average rating of “Hold” from the ten analysts that are currently covering the company, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.67.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded up 3.92% during mid-day trading on Thursday, hitting $30.75. The stock had a trading volume of 394,369 shares. Calumet Specialty Products Partners, L.P has a 52 week low of $24.23 and a 52 week high of $37.00. The stock has a 50-day moving average of $27.03 and a 200-day moving average of $27.53. The company’s market cap is $2.131 billion.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its earnings results on Wednesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.41. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, analysts predict that Calumet Specialty Products Partners, L.P will post $1.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $0.685 per share. This represents a $2.74 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date of this dividend is Thursday, May 1st.

A number of analysts have recently weighed in on CLMT shares. Analysts at Howard Weil initiated coverage on shares of Calumet Specialty Products Partners, L.P in a research note on Thursday. They set an “outperform” rating and a $33.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Calumet Specialty Products Partners, L.P from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $35.00 price target on the stock, up previously from $29.00. Finally, analysts at RBC Capital cut their price target on shares of Calumet Specialty Products Partners, L.P from $30.00 to $29.00 in a research note on Thursday, February 20th.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) is a producer of specialty hydrocarbon products in North America.

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