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Equities research analysts at Ladenburg Thalmann began coverage on shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $36.00 price target on the stock. Ladenburg Thalmann’s price target would indicate a potential upside of 18.85% from the stock’s previous close.

Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) opened at 30.29 on Friday. Calumet Specialty Products Partners, L.P has a 1-year low of $24.23 and a 1-year high of $36.91. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $27.51. The company’s market cap is $2.109 billion.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Calumet Specialty Products Partners, L.P will post $1.57 EPS for the current fiscal year.

A number of other firms have also recently commented on CLMT. Analysts at RBC Capital raised their price target on shares of Calumet Specialty Products Partners, L.P from $29.00 to $32.00 in a research note on Monday. Separately, analysts at TheStreet downgraded shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, analysts at Howard Weil initiated coverage on shares of Calumet Specialty Products Partners, L.P in a research note on Thursday, May 8th. They set an “outperform” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Calumet Specialty Products Partners, L.P presently has an average rating of “Hold” and an average target price of $32.34.

Calumet Specialty Products Partners, L.P., is a producer of specialty hydrocarbon products in North America.

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