Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares shot up 4.7% on Friday . The stock traded as high as $4.68 and last traded at $4.64, with a volume of 211,198 shares traded. The stock had previously closed at $4.43.

Several research firms have weighed in on CLMT. Cowen and Company increased their price target on shares of Calumet Specialty Products Partners, L.P from $5.00 to $10.00 and gave the stock a “market perform” rating in a research report on Thursday, May 5th. Credit Suisse Group AG downgraded shares of Calumet Specialty Products Partners, L.P from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $32.00 to $11.00 in a research report on Monday, April 11th. Janney Montgomery Scott downgraded shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $8.00 in a research report on Monday, April 18th. Howard Weil decreased their price target on shares of Calumet Specialty Products Partners, L.P from $19.00 to $5.00 and set a “sector underperform” rating on the stock in a research report on Monday, April 18th. Finally, Zacks Investment Research cut shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Five research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.16.

The company has a 50-day moving average price of $4.61 and a 200 day moving average price of $10.03. The firm’s market capitalization is $344.57 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its earnings results on Thursday, May 5th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by $0.04. Equities analysts anticipate that Calumet Specialty Products Partners, L.P will post ($1.64) earnings per share for the current fiscal year.

In other news, EVP A Anderson William bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $40,700.00. Following the purchase, the executive vice president now directly owns 25,392 shares in the company, valued at approximately $103,345.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James S. Carter bought 26,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was purchased at an average price of $3.72 per share, with a total value of $99,324.00. Following the completion of the purchase, the director now owns 66,341 shares in the company, valued at $246,788.52. The disclosure for this purchase can be found here.

Other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new position in Calumet Specialty Products Partners, L.P during the fourth quarter valued at about $7,943,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Calumet Specialty Products Partners, L.P by 212.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 120,664 shares of the company’s stock valued at $2,402,000 after buying an additional 82,035 shares in the last quarter. Morgan Stanley boosted its position in Calumet Specialty Products Partners, L.P by 51.9% in the fourth quarter. Morgan Stanley now owns 860,510 shares of the company’s stock valued at $17,133,000 after buying an additional 293,839 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Calumet Specialty Products Partners, L.P during the fourth quarter valued at about $4,173,000.

Calumet Specialty Products Partners, L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Company’s segments include specialty products, fuel products and oilfield services. In its specialty products segment, it processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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