Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)’s share price fell 1.1% during trading on Monday . The stock traded as low as $4.45 and last traded at $4.48, with a volume of 241,859 shares traded. The stock had previously closed at $4.53.

Several research firms recently commented on CLMT. Credit Suisse Group AG downgraded Calumet Specialty Products Partners, L.P from an “outperform” rating to an “underperform” rating and cut their target price for the stock from $32.00 to $11.00 in a research report on Monday, April 11th. Drexel Hamilton reaffirmed a “hold” rating and set a $16.00 price target on shares of Calumet Specialty Products Partners, L.P in a report on Tuesday, April 12th. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “hold” rating in a report on Thursday, March 24th. Cowen and Company dropped their price target on Calumet Specialty Products Partners, L.P from $23.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, April 18th. Finally, Howard Weil dropped their price target on Calumet Specialty Products Partners, L.P from $19.00 to $5.00 and set a “sector underperform” rating for the company in a report on Monday, April 18th. Five research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Calumet Specialty Products Partners, L.P has an average rating of “Hold” and a consensus target price of $12.16.

The company has a 50 day moving average price of $4.64 and a 200 day moving average price of $9.77. The company’s market capitalization is $343.80 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its quarterly 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) EPS for the current year.

In other Calumet Specialty Products Partners, L.P news, Director Stephen P. Mawer bought 11,000 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was purchased at an average cost of $3.68 per share, for a total transaction of $40,480.00. Following the completion of the purchase, the director now directly owns 5,025 shares of the company’s stock, valued at $18,492. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy Go bought 25,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were acquired at an average price of $3.82 per share, with a total value of $95,500.00. Following the completion of the purchase, the chief executive officer now directly owns 27,607 shares of the company’s stock, valued at $105,458.74. The disclosure for this purchase can be found here.

A number of large investors have added to or reduced their stakes in CLMT. Morgan Stanley boosted its stake 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 during the last quarter. Penserra Capital Management LLC acquired a new stake in Calumet Specialty Products Partners, L.P during the fourth quarter valued at $7,943,000. Marshall Wace LLP acquired a new stake in Calumet Specialty Products Partners, L.P during the fourth quarter valued at $4,173,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 during the last quarter.

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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