Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)‘s stock had its “hold” rating reiterated by stock analysts at Cowen and Company in a research note issued on Tuesday. They currently have a $5.00 price target on the oil and gas company’s stock. Cowen and Company’s price objective points to a potential downside of 36.31% from the company’s current price.

CLMT has been the topic of a number of other research reports. BidaskClub raised Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Wells Fargo & Company raised their price target on Calumet Specialty Products Partners, L.P from $7.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a “hold” rating to a “strong-buy” rating and set a $4.75 price target on the stock in a report on Tuesday, July 11th. ValuEngine raised Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Janney Montgomery Scott lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and raised their price target for the stock from $8.50 to $9.00 in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.00.

Shares of Calumet Specialty Products Partners, L.P (CLMT) traded up 0.64% during trading on Tuesday, hitting $7.85. The stock had a trading volume of 225,700 shares. Calumet Specialty Products Partners, L.P has a 12-month low of $7.75 and a 12-month high of $8.05.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its quarterly earnings results on Friday, August 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.58. Calumet Specialty Products Partners, L.P had a return on equity of 18.20% and a net margin of 0.93%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $841.00 million. On average, equities research analysts anticipate that Calumet Specialty Products Partners, L.P will post $0.29 earnings per share for the current year.

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In other news, CFO David West Griffin purchased 8,100 shares of Calumet Specialty Products Partners, L.P stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average price of $5.19 per share, for a total transaction of $42,039.00. Following the transaction, the chief financial officer now owns 49,252 shares in the company, valued at $255,617.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders purchased 30,436 shares of company stock valued at $157,512. 4.75% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Investment Centers of America Inc. increased its stake in Calumet Specialty Products Partners, L.P by 1.2% in the 2nd 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 period. Fifth Third Bancorp increased its stake in Calumet Specialty Products Partners, L.P by 5.0% in the 1st 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 period. Virtu KCG Holdings LLC increased its stake in Calumet Specialty Products Partners, L.P by 6.6% in the 2nd 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 period. Wells Fargo & Company MN increased its stake in Calumet Specialty Products Partners, L.P by 2.5% in the 1st quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock valued at $1,754,000 after buying an additional 11,265 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new position in Calumet Specialty Products Partners, L.P in the 2nd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 9.70% of the company’s stock.

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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