Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) have received an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $5.43.

Several research analysts recently commented on the company. BidaskClub cut Calumet Specialty Products Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Cowen and Company reissued a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research report on Friday, July 14th. Janney Montgomery Scott cut Calumet Specialty Products Partners, L.P. from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.50 to $9.00 in a research report on Tuesday. ValuEngine raised Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised Calumet Specialty Products Partners, L.P. from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Friday, August 18th.

Shares of Calumet Specialty Products Partners, L.P. (CLMT) traded down 1.90% during midday trading on Wednesday, reaching $7.75. The company’s stock had a trading volume of 314,425 shares. The company’s market cap is $594.65 million. The stock has a 50-day moving average of $6.22 and a 200 day moving average of $4.55. Calumet Specialty Products Partners, L.P. has a 12 month low of $2.79 and a 12 month high of $9.10.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last posted its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.58. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $841 million. Calumet Specialty Products Partners, L.P. had a negative return on equity of 48.17% and a negative net margin of 2.81%. On average, analysts predict that Calumet Specialty Products Partners, L.P. will post $0.05 earnings per share for the current fiscal year.

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In other Calumet Specialty Products Partners, L.P. news, CFO David West Griffin acquired 9,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was bought at an average cost of $4.15 per share, with a total value of $37,350.00. Following the completion of the transaction, the chief financial officer now directly owns 19,600 shares in the company, valued at approximately $81,340. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 78,005 shares of company stock valued at $354,884. Insiders own 4.75% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Centers of America Inc. lifted its position in shares of Calumet Specialty Products Partners, L.P. by 1.2% in the second quarter. Investment Centers of America Inc. now owns 23,984 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 292 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Calumet Specialty Products Partners, L.P. in the second quarter valued at approximately $110,000. Fifth Third Bancorp lifted its position in shares of Calumet Specialty Products Partners, L.P. by 5.0% in the first quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,500 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Calumet Specialty Products Partners, L.P. by 350.0% in the second quarter. JPMorgan Chase & Co. now owns 36,000 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 28,000 shares during the last quarter. Finally, Virtu KCG Holdings LLC lifted its position in shares of Calumet Specialty Products Partners, L.P. by 6.6% in the second quarter. Virtu KCG Holdings LLC now owns 47,580 shares of the oil and gas company’s stock valued at $202,000 after buying an additional 2,931 shares during the last quarter. 9.71% of the stock is owned by institutional investors.

Calumet Specialty Products Partners, L.P. Company Profile

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

Analyst Recommendations for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

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