Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)’s share price dropped 0% during trading on Friday . The stock traded as low as $8.65 and last traded at $8.85. Approximately 1,142,339 shares changed hands during mid-day trading, an increase of 205% from the average daily volume of 374,385 shares. The stock had previously closed at $8.85.

CLMT has been the topic of several recent analyst reports. Zacks Investment Research raised Calumet Specialty Products Partners, L.P. from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday, August 18th. Janney Montgomery Scott upgraded shares of Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $6.00 to $8.50 in a research note on Monday, August 14th. BidaskClub upgraded shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Cowen and Company restated a “hold” rating and issued a $5.00 price objective on shares of Calumet Specialty Products Partners, L.P. in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.00.

The company has a debt-to-equity ratio of 9.55, a quick ratio of 0.59 and a current ratio of 1.36.

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Calumet Specialty Products Partners, L.P. by 13.5% during the first quarter. Morgan Stanley now owns 704,438 shares of the oil and gas company’s stock worth $2,677,000 after buying an additional 83,995 shares during the period. Adams Asset Advisors LLC boosted its stake in shares of Calumet Specialty Products Partners, L.P. by 16.0% during the third quarter. Adams Asset Advisors LLC now owns 817,980 shares of the oil and gas company’s stock worth $6,830,000 after buying an additional 112,648 shares during the period. Linscomb & Williams Inc. boosted its stake in shares of Calumet Specialty Products Partners, L.P. by 49.1% during the second quarter. Linscomb & Williams Inc. now owns 146,364 shares of the oil and gas company’s stock worth $622,000 after buying an additional 48,201 shares during the period. Royal Bank of Canada lifted its position in Calumet Specialty Products Partners, L.P. by 9.2% in the second quarter. Royal Bank of Canada now owns 484,494 shares of the oil and gas company’s stock valued at $2,059,000 after purchasing an additional 40,676 shares during the period. Finally, Wells Fargo & Company MN lifted its position in 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 purchasing an additional 17,573 shares during the period. Institutional investors and hedge funds own 10.09% of the company’s stock.

WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/11/12/calumet-specialty-products-partners-l-p-clmt-stock-price-down-0.html.

About Calumet Specialty Products Partners, L.P.

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.

Receive News & Ratings for Calumet Specialty Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.