Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Given Average Rating of “Moderate Buy” by Brokerages

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.60.

A number of analysts have recently commented on the company. UBS Group downgraded Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and lowered their price target for the company from $20.50 to $15.00 in a report on Tuesday, February 4th. StockNews.com upgraded Calumet Specialty Products Partners to a “sell” rating in a report on Monday, November 18th. TD Cowen lowered their price target on Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, HC Wainwright reiterated a “buy” rating and issued a $33.00 price target on shares of Calumet Specialty Products Partners in a report on Wednesday, February 12th.

Insider Transactions at Calumet Specialty Products Partners

In related news, Director Jennifer Straumins sold 37,861 shares of Calumet Specialty Products Partners stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the completion of the transaction, the director now directly owns 1,184,589 shares in the company, valued at approximately $25,373,896.38. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Stock Performance

CLMT stock opened at $14.33 on Friday. Calumet Specialty Products Partners has a 1 year low of $9.97 and a 1 year high of $25.29. The stock’s 50 day moving average price is $18.11 and its 200 day moving average price is $19.21. The firm has a market cap of $1.23 billion, a P/E ratio of -5.19 and a beta of 1.88.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.59. The business had revenue of $949.50 million for the quarter, compared to analysts’ expectations of $921.76 million. During the same period in the prior year, the company earned ($0.59) EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts predict that Calumet Specialty Products Partners will post -3.02 earnings per share for the current year.

About Calumet Specialty Products Partners

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.