Calumet Specialty Products Partners (NASDAQ:CLMT) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a report issued on Wednesday. The firm set a “hold” rating on the oil and gas company’s stock.

CLMT has been the topic of several other reports. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Calumet Specialty Products Partners in a research note on Monday, May 13th. The Goldman Sachs Group dropped their price objective on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st.

Calumet Specialty Products Partners Price Performance

CLMT stock opened at $15.90 on Wednesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -227.14 and a beta of 1.93. The company has a fifty day moving average price of $15.97 and a 200 day moving average price of $15.98. Calumet Specialty Products Partners has a 12 month low of $11.91 and a 12 month high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its earnings results on Friday, May 10th. The oil and gas company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.13. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.10 million. As a group, analysts anticipate that Calumet Specialty Products Partners will post -1.84 earnings per share for the current year.

Insider Activity at Calumet Specialty Products Partners

In other news, SVP Gregory J. Morical sold 11,111 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $15.04, for a total transaction of $167,109.44. Following the transaction, the senior vice president now directly owns 33,845 shares of the company’s stock, valued at approximately $509,028.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.91% of the company’s stock.

Institutional Investors Weigh In On Calumet Specialty Products Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new stake in Calumet Specialty Products Partners during the fourth quarter worth $116,000. Future Financial Wealth Managment LLC acquired a new position in Calumet Specialty Products Partners during the first quarter worth about $119,000. PFG Investments LLC acquired a new position in shares of Calumet Specialty Products Partners during the 1st quarter worth approximately $155,000. Sapient Capital LLC purchased a new stake in Calumet Specialty Products Partners in the 4th quarter valued at approximately $188,000. Finally, Deuterium Capital Management LLC acquired a new stake in Calumet Specialty Products Partners during the 1st quarter valued at $159,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

About Calumet Specialty Products Partners

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.