Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares saw unusually-high trading volume on Monday . Approximately 525,784 shares changed hands 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 subject of a number of recent analyst reports. DA Davidson lowered shares of Calumet Specialty Products Partners, L.P from a “buy” rating to an “underperform” rating and set a $5.00 price objective for the company. in a research note on Tuesday, April 19th. Howard Weil lowered shares of Calumet Specialty Products Partners, L.P to an “underperform” rating in a research note on Tuesday, April 19th. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Tuesday, April 19th. Ladenburg Thalmann lowered shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “neutral” rating and decreased their target price for the company from $27.00 to $11.00 in a research note on Friday, April 22nd. Finally, Credit Suisse Group AG lifted their target price on shares of Calumet Specialty Products Partners, L.P from $6.00 to $11.00 and gave the company an “underperform” rating in a research note on Monday, April 25th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.71.

The company has a 50-day moving average of $4.78 and a 200 day moving average of $7.41. The stock’s market cap is $423.48 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its earnings results on Thursday, August 4th. The company reported ($1.89) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $1.55. Analysts expect that Calumet Specialty Products Partners, L.P will post ($2.28) earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Calumet Specialty Products Partners, L.P stock. Marshall Wace LLP bought 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 SEC. The institutional investor bought 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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