HC Wainwright reissued their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT – Free Report) in a report published on Monday morning, Benzinga reports. HC Wainwright currently has a $25.00 price objective on the oil and gas company’s stock.
Several other analysts also recently issued reports on the company. StockNews.com started coverage on Calumet Specialty Products Partners in a research note on Monday. They issued a hold rating for the company. The Goldman Sachs Group reduced their target price 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.
View Our Latest Stock Report on CLMT
Calumet Specialty Products Partners Price Performance
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last released its quarterly earnings results 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 business had revenue of $976.50 million for the quarter, compared to analysts’ expectations of $856.71 million. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.21) earnings per share. As a group, equities research analysts expect that Calumet Specialty Products Partners will post -0.52 earnings per share for the current year.
Institutional Investors Weigh In On Calumet Specialty Products Partners
A number of large investors have recently added to or reduced their stakes in the stock. PFG Investments LLC bought a new stake in shares of Calumet Specialty Products Partners during the 1st quarter valued at $155,000. Raymond James & Associates lifted its position in Calumet Specialty Products Partners by 11.0% during the first quarter. Raymond James & Associates now owns 504,368 shares of the oil and gas company’s stock worth $7,495,000 after purchasing an additional 50,008 shares during the period. Future Financial Wealth Managment LLC bought a new stake in Calumet Specialty Products Partners during the first quarter worth about $119,000. ICA Group Wealth Management LLC acquired a new stake in Calumet Specialty Products Partners during the fourth quarter worth about $116,000. Finally, West Tower Group LLC acquired a new position in shares of Calumet Specialty Products Partners in the 4th quarter valued at approximately $331,000. Institutional investors and hedge funds own 34.41% of the company’s stock.
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.
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