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

Calumet Specialty Products Partners (NASDAQ:CLMT)‘s stock had its “buy” rating restated by HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $33.00 target price on the oil and gas company’s stock. HC Wainwright’s target price would suggest a potential upside of 76.61% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. StockNews.com upgraded Calumet Specialty Products Partners to a “sell” rating in a research report on Monday, November 18th. Wells Fargo & Company increased their price target on shares of Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $20.50 to $15.00 in a report on Tuesday, February 4th. Finally, TD Cowen reduced their price target on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.60.

Calumet Specialty Products Partners Trading Up 17.7 %

Calumet Specialty Products Partners stock traded up $2.81 during trading on Wednesday, hitting $18.69. 1,893,488 shares of the company were exchanged, compared to its average volume of 1,418,527. Calumet Specialty Products Partners has a 52 week low of $9.97 and a 52 week high of $25.29. The business’s 50 day moving average is $19.59 and its 200 day moving average is $19.00. The company has a market capitalization of $1.61 billion, a P/E ratio of -6.77 and a beta of 1.88.

Insider Transactions at Calumet Specialty Products Partners

In other news, Director Jennifer Straumins sold 37,861 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the sale, the director now directly owns 1,184,589 shares of the company’s stock, valued at $25,373,896.38. The trade was a 3.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Company Profile

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.