StockNews.com Initiates Coverage on Calumet Specialty Products Partners (NASDAQ:CLMT)

Investment analysts at StockNews.com assumed coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMTGet Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the oil and gas company’s stock.

Several other analysts have also weighed in on CLMT. The Goldman Sachs Group lowered their price objective on Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, March 21st. HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Monday, May 13th.

Get Our Latest Research Report on Calumet Specialty Products Partners

Calumet Specialty Products Partners Stock Down 0.1 %

Shares of CLMT opened at $15.80 on Friday. Calumet Specialty Products Partners has a 52-week low of $11.91 and a 52-week high of $19.91. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -225.71 and a beta of 1.88. The business’s 50 day moving average is $15.67 and its two-hundred day moving average is $16.10.

Calumet Specialty Products Partners (NASDAQ:CLMTGet Free Report) last posted its quarterly earnings data on Friday, May 10th. The oil and gas company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.10 million. On average, equities analysts expect that Calumet Specialty Products Partners will post -1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Gregory J. Morical sold 11,111 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $15.04, for a total transaction of $167,109.44. Following the completion of the transaction, the senior vice president now owns 33,845 shares in the company, valued at $509,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.91% of the stock is owned by corporate insiders.

Institutional Trading of Calumet Specialty Products Partners

Several large investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC acquired a new position in shares of Calumet Specialty Products Partners during the fourth quarter valued at $116,000. Future Financial Wealth Managment LLC bought a new stake in shares of Calumet Specialty Products Partners during the 1st quarter worth about $119,000. PFG Investments LLC acquired a new stake in shares of Calumet Specialty Products Partners in the 1st quarter worth approximately $155,000. Deuterium Capital Management LLC bought a new position in shares of Calumet Specialty Products Partners in the first quarter valued at approximately $159,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in shares of Calumet Specialty Products Partners during the first quarter valued at approximately $171,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

Calumet Specialty Products Partners Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Calumet Specialty Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.