Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) fell 2.7% during mid-day trading on Monday . The company traded as low as $5.36 and last traded at $5.50, with a volume of 538,330 shares changing hands. The stock had previously closed at $5.65.

A number of brokerages have issued reports on CLMT. Zacks Investment Research lowered Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Monday, August 8th. Credit Suisse Group AG boosted their target price on Calumet Specialty Products Partners, L.P from $6.00 to $11.00 and gave the company an “underperform” rating in a research report on Monday, April 25th. Royal Bank Of Canada cut their target price on Calumet Specialty Products Partners, L.P from $7.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Friday, May 6th. Cowen and Company boosted their target price on Calumet Specialty Products Partners, L.P from $5.00 to $10.00 and gave the company a “market perform” rating in a research report on Thursday, May 5th. Finally, DA Davidson raised Calumet Specialty Products Partners, L.P from an “underperform” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Thursday, May 5th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Calumet Specialty Products Partners, L.P has an average rating of “Hold” and an average price target of $10.71.

The company’s 50-day moving average is $4.86 and its 200-day moving average is $7.12. The firm’s market cap is $420.04 million.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($1.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by $1.55. On average, equities research analysts expect that Calumet Specialty Products Partners, L.P will post ($2.74) EPS for the current fiscal year.

An institutional investor recently bought a new position in Calumet Specialty Products Partners, L.P stock. Marshall Wace LLP acquired a new position in shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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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