Calumet Specialty Products Partners, L.P Lowered to “Underperform” at Zacks (CLMT)
Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Thursday. They currently have a $26.90 target price on the stock. Zacks‘s target price would indicate a potential downside of 5.08% from the company’s current price.
Separately, analysts at Howard Weil raised their price target on shares of Calumet Specialty Products Partners, L.P from $33.00 to $35.00 in a research note on Tuesday, June 17th. They now have a “sector outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.88.
Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded down 1.63% during mid-day trading on Thursday, hitting $27.8276. The stock had a trading volume of 720,704 shares. Calumet Specialty Products Partners, L.P has a 52-week low of $24.23 and a 52-week high of $33.30. The stock’s 50-day moving average is $30.86 and its 200-day moving average is $29.3. The company’s market cap is $1.929 billion.
Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its earnings data on Wednesday, August 6th. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.72. On average, analysts predict that Calumet Specialty Products Partners, L.P will post $-0.48 earnings per share for the current fiscal year.
Calumet Specialty Products Partners, L.P., is a producer of specialty hydrocarbon products in North America.
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