Calumet Specialty Products Partners (NASDAQ:CLMT) Upgraded at UBS Group

UBS Group upgraded shares of Calumet Specialty Products Partners (NASDAQ:CLMT) from a sell rating to a neutral rating in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has $12.00 target price on the oil and gas company’s stock, down from their previous target price of $15.00.

CLMT has been the topic of several other research reports. StockNews.com upgraded Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. TD Cowen downgraded Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and cut their price target for the stock from $26.00 to $16.00 in a research note on Tuesday, March 4th. Wells Fargo & Company cut their price target on Calumet Specialty Products Partners from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, HC Wainwright restated a “buy” rating and issued a $33.00 price target on shares of Calumet Specialty Products Partners in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.80.

Calumet Specialty Products Partners Stock Performance

Shares of NASDAQ:CLMT opened at $13.22 on Monday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -4.79 and a beta of 1.88. The stock has a 50 day moving average price of $15.71 and a 200-day moving average price of $18.68. Calumet Specialty Products Partners has a 52-week low of $9.97 and a 52-week high of $25.29.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($1.06) by $0.59. The company had revenue of $949.50 million during the quarter, compared to analysts’ expectations of $921.76 million. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.59) EPS. On average, equities analysts forecast that Calumet Specialty Products Partners will post -3.02 EPS for the current fiscal year.

Insider Buying and Selling at Calumet Specialty Products Partners

In other news, CFO David Lunin purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $13.05 per share, for a total transaction of $32,625.00. Following the purchase, the chief financial officer now directly owns 2,500 shares in the company, valued at approximately $32,625. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.