Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares fell 2.2% during mid-day trading on Friday . The company traded as low as $4.80 and last traded at $4.86, with a volume of 296,598 shares trading hands. The stock had previously closed at $4.97.

Several research analysts have recently weighed in on the company. Credit Suisse Group AG downgraded Calumet Specialty Products Partners, L.P from an “outperform” rating to an “underperform” rating and cut their price target for the stock from $32.00 to $11.00 in a research note on Monday, April 11th. Drexel Hamilton reiterated a “hold” rating and set a $16.00 price target on shares of Calumet Specialty Products Partners, L.P in a research note on Tuesday, April 12th. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 24th. Howard Weil cut 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 research note on Monday, April 18th. Finally, Janney Montgomery Scott downgraded Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $8.00 in a research note on Monday, April 18th. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. Calumet Specialty Products Partners, L.P has an average rating of “Hold” and a consensus target price of $10.71.

The firm’s market cap is $368.91 million. The firm’s 50 day moving average is $4.81 and its 200-day moving average is $9.07.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.87) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.83) by $0.04. Equities analysts forecast that Calumet Specialty Products Partners, L.P will post ($1.73) earnings per share for the current year.

In other news, EVP A Anderson William acquired 10,000 shares of Calumet Specialty Products Partners, L.P stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average price of $4.07 per share, for a total transaction of $40,700.00. Following the completion of the transaction, the executive vice president now owns 25,392 shares in the company, valued at $103,345.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen P. Mawer acquired 11,000 shares of Calumet Specialty Products Partners, L.P stock in a transaction that occurred on Wednesday, May 18th. The shares were purchased at an average price of $3.68 per share, with a total value of $40,480.00. Following the transaction, the director now owns 5,025 shares of the company’s stock, valued at approximately $18,492. The disclosure for this purchase can be found here.

A number of hedge funds have recently bought and sold shares of the stock. 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 worth $2,402,000 after buying an additional 82,035 shares during the period. Marshall Wace LLP purchased a new stake in Calumet Specialty Products Partners, L.P during the fourth quarter worth approximately $4,173,000. Finally, 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 worth $17,133,000 after buying an additional 293,839 shares during the period.

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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