Calumet Specialty Products Partners’ (CLMT) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a research report report published on Monday morning, Benzinga reports. They currently have a $25.00 target price on the oil and gas company’s stock.

A number of other analysts have also recently issued reports on CLMT. StockNews.com initiated coverage on Calumet Specialty Products Partners in a report on Monday. They set a hold rating on the stock. The Goldman Sachs Group cut their price objective on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a buy rating for the company in a research report on Thursday, March 21st.

Calumet Specialty Products Partners Trading Up 0.6 %

NASDAQ:CLMT opened at $15.67 on Monday. The firm’s 50 day moving average is $15.34 and its 200 day moving average is $15.94. Calumet Specialty Products Partners has a 12 month low of $11.91 and a 12 month high of $19.91. The stock has a market capitalization of $1.26 billion, a PE ratio of 19.84 and a beta of 1.76.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.40). The business had revenue of $976.50 million for the quarter, compared to analysts’ expectations of $856.71 million. During the same period in the previous year, the company earned ($0.21) EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts predict that Calumet Specialty Products Partners will post -0.69 earnings per share for the current year.

Institutional Trading of Calumet Specialty Products Partners

Institutional investors have recently made changes to their positions in the stock. ICA Group Wealth Management LLC purchased a new stake in shares of Calumet Specialty Products Partners during the fourth quarter worth about $116,000. Future Financial Wealth Managment LLC bought a new stake in shares of Calumet Specialty Products Partners in the 1st quarter worth approximately $119,000. PFG Investments LLC purchased a new position in shares of Calumet Specialty Products Partners during the first quarter valued at approximately $155,000. Sapient Capital LLC bought a new position in shares of Calumet Specialty Products Partners during the fourth quarter valued at approximately $188,000. Finally, Advisor Resource Council purchased a new stake in Calumet Specialty Products Partners in the fourth quarter worth $216,000. Hedge funds and other institutional investors 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.