Shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) have earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.40.

Several research analysts have recently issued reports on CLMT shares. BidaskClub raised Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded Calumet Specialty Products Partners, L.P. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 20th. Cowen and Company reaffirmed a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research note on Friday, July 14th. Finally, Wells Fargo & Company raised Calumet Specialty Products Partners, L.P. from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a research note on Wednesday, May 10th.

Shares of Calumet Specialty Products Partners, L.P. (CLMT) traded up 6.86% during midday trading on Friday, hitting $5.45. 245,829 shares of the stock were exchanged. Calumet Specialty Products Partners, L.P. has a 12-month low of $5.05 and a 12-month high of $5.47.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last issued its earnings results on Friday, August 4th. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.46) by $0.58. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $841 million. Calumet Specialty Products Partners, L.P. had a negative net margin of 2.81% and a negative return on equity of 48.17%. On average, equities research analysts expect that Calumet Specialty Products Partners, L.P. will post ($0.85) EPS for the current fiscal year.

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In other news, CFO David West Griffin purchased 8,100 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average price of $5.19 per share, with a total value of $42,039.00. Following the purchase, the chief financial officer now directly owns 49,252 shares of the company’s stock, valued at approximately $255,617.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James S. Carter purchased 13,600 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were purchased at an average cost of $3.70 per share, with a total value of $50,320.00. Following the purchase, the director now directly owns 93,441 shares in the company, valued at $345,731.70. The disclosure for this purchase can be found here. Insiders have bought a total of 91,605 shares of company stock valued at $405,204 in the last ninety days. Corporate insiders own 4.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu KCG Holdings LLC increased its position in shares of Calumet Specialty Products Partners, L.P. by 6.6% in the second quarter. Virtu KCG Holdings LLC now owns 47,580 shares of the oil and gas company’s stock valued at $202,000 after buying an additional 2,931 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Calumet Specialty Products Partners, L.P. by 72.0% in the second quarter. GSA Capital Partners LLP now owns 230,822 shares of the oil and gas company’s stock valued at $981,000 after buying an additional 96,622 shares during the last quarter. Investment Centers of America Inc. increased its position in shares of Calumet Specialty Products Partners, L.P. by 1.2% in the second quarter. Investment Centers of America Inc. now owns 23,984 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 292 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Calumet Specialty Products Partners, L.P. by 3.8% in the second quarter. Wells Fargo & Company MN now owns 479,323 shares of the oil and gas company’s stock valued at $2,037,000 after buying an additional 17,573 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Calumet Specialty Products Partners, L.P. by 350.0% in the second quarter. JPMorgan Chase & Co. now owns 36,000 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 28,000 shares during the last quarter. 11.29% of the stock is owned by hedge funds and other institutional investors.

Calumet Specialty Products Partners, L.P. Company Profile

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. 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.

Analyst Recommendations for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

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