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

Investment analysts at StockNews.com began coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a note issued to investors on Sunday. The firm set a “hold” rating on the oil and gas company’s stock.

Several other research firms have also recently commented on CLMT. The Goldman Sachs Group cut their price target on Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 5th. TD Cowen lowered their price objective on Calumet Specialty Products Partners from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $25.00 target price on shares of Calumet Specialty Products Partners in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Calumet Specialty Products Partners Trading Up 3.0 %

Shares of CLMT stock opened at $17.52 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of -250.29 and a beta of 1.92. Calumet Specialty Products Partners has a 1 year low of $9.97 and a 1 year high of $21.19. The firm’s fifty day simple moving average is $16.05 and its 200 day simple moving average is $15.77.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings data on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.07. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $889.17 million. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) EPS. Equities research analysts anticipate that Calumet Specialty Products Partners will post -1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Calumet Specialty Products Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLMT. ICA Group Wealth Management LLC acquired a new stake in shares of Calumet Specialty Products Partners during the fourth quarter worth approximately $116,000. Future Financial Wealth Managment LLC bought a new position in Calumet Specialty Products Partners in the 1st quarter valued at $119,000. Deuterium Capital Management LLC acquired a new position in Calumet Specialty Products Partners in the first quarter worth $159,000. Wedbush Securities Inc. bought a new stake in shares of Calumet Specialty Products Partners during the second quarter worth $169,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of Calumet Specialty Products Partners in the first quarter valued at $171,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

Calumet Specialty Products Partners Company Profile

Calumet, Inc 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; Montana/Renewables; and Performance brands segments.