Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares rose 8.3% during trading on Friday . The company traded as high as $5.00 and last traded at $4.85, with a volume of 515,661 shares changing hands. The stock had previously closed at $4.48.

CLMT has been the subject of a number of analyst reports. Howard Weil lowered their price target on shares of 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. Royal Bank Of Canada downgraded shares of Calumet Specialty Products Partners, L.P from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $22.00 to $7.00 in a report on Monday, April 18th. Drexel Hamilton reaffirmed a “hold” rating and issued a $16.00 price target on shares of Calumet Specialty Products Partners, L.P in a report on Tuesday, April 12th. Zacks Investment Research downgraded shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “strong sell” rating in a report on Friday, May 6th. Finally, DA Davidson raised shares of Calumet Specialty Products Partners, L.P from an “underperform” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Thursday, May 5th. Five equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.71.

The company has a 50-day moving average price of $4.73 and a 200 day moving average price of $8.18. The company’s market cap is $371.19 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its earnings results on Thursday, August 4th. The company reported ($1.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by $1.55. On average, equities research analysts anticipate that Calumet Specialty Products Partners, L.P will post ($1.84) EPS for the current year.

In other Calumet Specialty Products Partners, L.P news, CEO Timothy Go acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $3.82 per share, with a total value of $95,500.00. Following the purchase, the chief executive officer now owns 27,607 shares in the company, valued at $105,458.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP A Anderson William acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of $4.07 per share, with a total value of $40,700.00. Following the purchase, the executive vice president now owns 25,392 shares in the company, valued at approximately $103,345.44. The disclosure for this purchase can be found here.

An institutional investor recently bought a new position in Calumet Specialty Products Partners, L.P stock. Marshall Wace LLP acquired a new stake in shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 209,614 shares of the company’s stock, valued at approximately $4,173,000. Marshall Wace LLP owned about 0.28% of Calumet Specialty Products Partners, L.P as of its most recent SEC filing.

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The Company operates through three segments. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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