Calumet Specialty Products Partners (NASDAQ:CLMT) PT Raised to $20.00 at Cowen

Calumet Specialty Products Partners (NASDAQ:CLMTGet Rating) had its price target upped by research analysts at Cowen from $18.00 to $20.00 in a research note issued on Monday, The Fly reports. Cowen’s price objective would suggest a potential upside of 39.66% from the stock’s previous close.

Other research analysts also recently issued reports about the company. HC Wainwright lifted their target price on Calumet Specialty Products Partners from $19.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 28th. Wells Fargo & Company lifted their price target on Calumet Specialty Products Partners from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 21st. TheStreet cut shares of Calumet Specialty Products Partners from a “c-” rating to a “d+” rating in a research note on Tuesday, April 5th. Zacks Investment Research downgraded Calumet Specialty Products Partners from a “buy” rating to a “hold” rating in a research report on Friday. Finally, StockNews.com upgraded shares of Calumet Specialty Products Partners from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $22.43.

NASDAQ CLMT opened at $14.32 on Monday. The company has a market cap of $1.13 billion, a P/E ratio of -5.53 and a beta of 2.15. The stock has a 50-day moving average of $14.14 and a two-hundred day moving average of $14.09. Calumet Specialty Products Partners has a 1-year low of $5.27 and a 1-year high of $17.43.

Calumet Specialty Products Partners (NASDAQ:CLMTGet Rating) last released its quarterly earnings data on Friday, February 25th. The oil and gas company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.73). The firm had revenue of $865.80 million for the quarter, compared to analyst estimates of $810.85 million. During the same period in the prior year, the business posted ($1.03) earnings per share. On average, sell-side analysts anticipate that Calumet Specialty Products Partners will post -0.96 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Knott David M grew its stake in Calumet Specialty Products Partners by 13.1% during the third quarter. Knott David M now owns 3,567,500 shares of the oil and gas company’s stock worth $28,219,000 after buying an additional 414,200 shares during the period. Barclays PLC raised its position in Calumet Specialty Products Partners by 16,848.0% in the third quarter. Barclays PLC now owns 137,109 shares of the oil and gas company’s stock valued at $1,085,000 after purchasing an additional 136,300 shares during the period. Adams Asset Advisors LLC lifted its stake in shares of Calumet Specialty Products Partners by 1.4% during the fourth quarter. Adams Asset Advisors LLC now owns 5,222,003 shares of the oil and gas company’s stock worth $68,930,000 after purchasing an additional 72,785 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Calumet Specialty Products Partners by 39.5% during the third quarter. Raymond James & Associates now owns 211,061 shares of the oil and gas company’s stock worth $1,669,000 after purchasing an additional 59,809 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Calumet Specialty Products Partners in the fourth quarter worth about $760,000. Hedge funds and other institutional investors own 25.70% of the company’s stock.

About Calumet Specialty Products Partners (Get Rating)

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products.

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