Calumet Specialty Products Partners (NASDAQ:CLMT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a report issued on Wednesday morning. The firm issued a hold rating on the oil and gas company’s stock.

Several other analysts have also recently commented on the company. HC Wainwright restated a buy rating and set a $25.00 target price on shares of Calumet Specialty Products Partners in a report on Monday, April 22nd. The Goldman Sachs Group lowered their price objective on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a buy rating for the company in a research report on Thursday, March 21st.

Calumet Specialty Products Partners Stock Performance

Shares of NASDAQ:CLMT opened at $16.11 on Wednesday. The company has a market capitalization of $1.29 billion, a PE ratio of 20.39 and a beta of 1.75. The company’s fifty day moving average is $15.19 and its 200-day moving average is $15.85. Calumet Specialty Products Partners has a 52 week low of $11.91 and a 52 week high of $19.91.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The firm had revenue of $976.50 million for the quarter, compared to the consensus estimate of $856.71 million. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted ($0.21) earnings per share. On average, analysts forecast that Calumet Specialty Products Partners will post -0.86 EPS for the current year.

Institutional Trading of Calumet Specialty Products Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. grew its position in shares of Calumet Specialty Products Partners by 4.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 20,600 shares of the oil and gas company’s stock worth $306,000 after buying an additional 850 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of Calumet Specialty Products Partners by 2.9% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 36,000 shares of the oil and gas company’s stock valued at $688,000 after acquiring an additional 1,000 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in shares of Calumet Specialty Products Partners by 11.2% in the 4th quarter. Sheets Smith Wealth Management now owns 12,202 shares of the oil and gas company’s stock valued at $218,000 after purchasing an additional 1,225 shares during the period. O Brien Greene & Co. Inc lifted its stake in shares of Calumet Specialty Products Partners by 4.2% in the 4th quarter. O Brien Greene & Co. Inc now owns 50,000 shares of the oil and gas company’s stock valued at $894,000 after purchasing an additional 2,000 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Calumet Specialty Products Partners by 6.2% in the 4th quarter. Brown Advisory Inc. now owns 85,613 shares of the oil and gas company’s stock worth $1,530,000 after purchasing an additional 5,000 shares during the last quarter. 34.41% of the stock is owned by institutional investors.

About Calumet Specialty Products Partners

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.