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

Several other analysts have also weighed in on CLMT. FBR & Co began coverage on Calumet Specialty Products Partners, L.P in a report on Friday, September 9th. They set a market perform rating and a $6.00 price target on the stock. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P from a sell rating to a hold rating in a report on Tuesday, September 6th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company presently has an average rating of Hold and an average target price of $10.38.

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

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its quarterly earnings results on Thursday, August 4th. The company reported ($1.89) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $1.55. Equities research analysts expect 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 Calumet Specialty Products Partners, L.P stock in a transaction on Wednesday, August 24th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $82,500.00. Following the completion of the purchase, the executive vice president now directly owns 85,000 shares in the company, valued at approximately $467,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several institutional investors have recently bought and sold shares of CLMT. Fifth Third Bancorp increased its position in 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 last quarter. Van ECK Associates Corp increased its position in Calumet Specialty Products Partners, L.P by 0.4% in the second quarter. Van ECK Associates Corp now owns 281,137 shares of the company’s stock worth $1,378,000 after buying an additional 1,217 shares during the last quarter. State Street Corp increased its position in Calumet Specialty Products Partners, L.P by 4.1% in the first quarter. State Street Corp now owns 52,980 shares of the company’s stock worth $622,000 after buying an additional 2,072 shares during the last quarter. Commonwealth Equity Services Inc increased its position in 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 last quarter. Finally, IFP Advisors Inc increased its position in 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 last quarter.

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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