Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares saw unusually-high trading volume on Monday . Approximately 525,784 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 432,352 shares.The stock last traded at $5.42 and had previously closed at $5.11.

CLMT has been the topic of several recent research reports. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Tuesday, April 19th. Wells Fargo & Co. lowered Calumet Specialty Products Partners, L.P from an “outperform” rating to a “market perform” rating in a report on Monday, April 18th. Cowen and Company lowered their price objective on Calumet Specialty Products Partners, L.P from $23.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, April 18th. Ladenburg Thalmann lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $27.00 to $11.00 in a report on Friday, April 22nd. Finally, Janney Montgomery Scott lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $17.00 to $8.00 in a report on Monday, April 18th. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Calumet Specialty Products Partners, L.P has an average rating of “Hold” and an average target price of $10.71.

The stock has a 50-day moving average of $4.74 and a 200 day moving average of $7.49. The company’s market capitalization is $433.02 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($1.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $1.55. Analysts predict that Calumet Specialty Products Partners, L.P will post ($1.77) earnings per share for the current fiscal year.

In related news, Director Stephen P. Mawer acquired 11,000 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was acquired at an average cost of $3.68 per share, for a total transaction of $40,480.00. Following the completion of the acquisition, the director now directly owns 5,025 shares of the company’s stock, valued at approximately $18,492. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

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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