Calumet Specialty Products Partners (NASDAQ:CLMT) Given Buy Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a report released on Monday, Benzinga reports. The firm currently has a $25.00 target price on the oil and gas company’s stock.

Several other equities analysts also recently commented on CLMT. The Goldman Sachs Group lowered their price target on Calumet Specialty Products Partners from $17.00 to $15.00 and set a buy rating on the stock in a report on Monday, August 5th. StockNews.com began coverage on shares of Calumet Specialty Products Partners in a research note on Monday. They issued a hold rating on the stock. Finally, TD Cowen lowered their price objective on shares of Calumet Specialty Products Partners from $20.00 to $18.00 and set a buy rating on the stock in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $19.33.

Calumet Specialty Products Partners Stock Performance

NASDAQ:CLMT opened at $20.23 on Monday. The stock’s 50 day moving average price is $17.20 and its 200 day moving average price is $16.07. Calumet Specialty Products Partners has a 52 week low of $9.97 and a 52 week high of $21.19. The company has a market capitalization of $1.63 billion, a P/E ratio of -289.00 and a beta of 1.92.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.07. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $889.17 million. During the same quarter last year, the business earned ($0.19) EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Calumet Specialty Products Partners will post -1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new position in Calumet Specialty Products Partners in the fourth quarter worth $116,000. Future Financial Wealth Managment LLC bought a new stake in Calumet Specialty Products Partners during the 1st quarter worth about $119,000. Deuterium Capital Management LLC bought a new stake in Calumet Specialty Products Partners during the 1st quarter worth about $159,000. Wedbush Securities Inc. bought a new stake in Calumet Specialty Products Partners during the 2nd quarter worth about $169,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in Calumet Specialty Products Partners during the 1st quarter worth about $171,000. 34.41% of the stock is owned by institutional investors.

Calumet Specialty Products Partners Company Profile

Calumet, Inc 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; Montana/Renewables; and Performance brands segments.