DA Davidson restated their neutral rating on shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) in a research note published on Monday morning.

Several other research analysts also recently commented on CLMT. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P from a strong sell rating to a hold rating in a research note on Tuesday, June 28th. FBR & Co initiated coverage on shares of Calumet Specialty Products Partners, L.P in a research note on Friday, September 9th. They set a market perform rating and a $6.00 price target on the stock. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $10.38.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) opened at 5.16 on Monday. The firm’s market cap is $394.07 million. Calumet Specialty Products Partners, L.P has a 12-month low of $3.42 and a 12-month high of $27.88. The firm’s 50-day moving average is $5.51 and its 200 day moving average is $6.29.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($1.89) EPS for the quarter, missing the consensus estimate of ($0.34) by $1.55. Equities analysts forecast that Calumet Specialty Products Partners, L.P will post ($3.09) earnings per share for the current year.

In other Calumet Specialty Products Partners, L.P news, EVP Bruce A. Fleming bought 15,000 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were purchased at an average price of $5.50 per share, for a total transaction of $82,500.00. Following the acquisition, the executive vice president now owns 85,000 shares in the company, valued at approximately $467,500. The purchase was disclosed in a filing with the SEC, which is available at this link.

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc boosted its stake in shares of Calumet Specialty Products Partners, L.P by 11.7% in the second quarter. Commonwealth Equity Services Inc now owns 21,643 shares of the company’s stock worth $106,000 after buying an additional 2,274 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Calumet Specialty Products Partners, L.P by 56.3% in the second quarter. Janney Montgomery Scott LLC now owns 26,488 shares of the company’s stock worth $130,000 after buying an additional 9,545 shares during the period. IFP Advisors Inc boosted its stake in shares of Calumet Specialty Products Partners, L.P by 19.8% in the second quarter. IFP Advisors Inc now owns 29,155 shares of the company’s stock worth $143,000 after buying an additional 4,816 shares during the period. Fifth Third Bancorp boosted its stake in shares of Calumet Specialty Products Partners, L.P by 2.5% in the second quarter. Fifth Third Bancorp now owns 31,050 shares of the company’s stock worth $152,000 after buying an additional 750 shares during the period. Finally, Creative Planning boosted its stake in shares of Calumet Specialty Products Partners, L.P by 27.1% in the second quarter. Creative Planning now owns 33,956 shares of the company’s stock worth $166,000 after buying an additional 7,250 shares during the period.

Calumet Specialty Products Partners, L.P Company Profile

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.

5 Day Chart for NASDAQ:CLMT

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