Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT – Get Free Report) gapped up prior to trading on Thursday after TD Cowen raised their price target on the stock from $22.00 to $27.00. The stock had previously closed at $21.93, but opened at $25.07. TD Cowen currently has a buy rating on the stock. Calumet Specialty Products Partners shares last traded at $23.90, with a volume of 647,408 shares traded.
Several other analysts also recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. HC Wainwright reissued a “buy” rating and issued a $25.00 price objective on shares of Calumet Specialty Products Partners in a research note on Monday, October 7th. Finally, StockNews.com began coverage on shares of Calumet Specialty Products Partners in a research note on Tuesday. They set a “hold” rating for the company. 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, Calumet Specialty Products Partners has an average rating of “Moderate Buy” and a consensus price target of $22.33.
View Our Latest Analysis on CLMT
Institutional Investors Weigh In On Calumet Specialty Products Partners
Calumet Specialty Products Partners Trading Down 8.3 %
The company has a market cap of $1.61 billion, a PE ratio of -286.57 and a beta of 1.92. The firm’s 50-day simple moving average is $18.31 and its two-hundred day simple moving average is $16.35.
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last released its earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share 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 analysts’ expectations of $889.17 million. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) EPS. As a group, analysts predict that Calumet Specialty Products Partners, L.P. will post -1.97 EPS for the current year.
About Calumet Specialty Products Partners
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.
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