Calumet Specialty Products Partners (NASDAQ:CLMT) Given New $26.00 Price Target at TD Cowen

Calumet Specialty Products Partners (NASDAQ:CLMT) had its price objective decreased by TD Cowen from $27.00 to $26.00 in a research note released on Monday morning, Marketbeat reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group decreased their target price 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. Wells Fargo & Company raised their target price on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com assumed coverage on Calumet Specialty Products Partners in a research report on Wednesday, October 23rd. They set a “sell” rating for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research note on Monday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Calumet Specialty Products Partners Trading Up 0.0 %

Shares of NASDAQ CLMT opened at $22.25 on Monday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -8.06 and a beta of 1.90. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29. The stock’s 50 day simple moving average is $19.34 and its 200 day simple moving average is $17.01.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, November 8th. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.59). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $888.36 million. During the same quarter last year, the business posted $0.03 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. As a group, equities analysts forecast that Calumet Specialty Products Partners will post -2.17 earnings per share for the current fiscal year.

Institutional Trading of Calumet Specialty Products Partners

Several hedge funds have recently added to or reduced their stakes in CLMT. Raymond James & Associates raised its holdings in Calumet Specialty Products Partners by 13.4% in the 2nd quarter. Raymond James & Associates now owns 572,057 shares of the oil and gas company’s stock valued at $9,182,000 after acquiring an additional 67,689 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Calumet Specialty Products Partners in the 1st quarter valued at approximately $493,000. Wasserstein Debt Opportunities Management L.P. raised its holdings in Calumet Specialty Products Partners by 2.9% in the 2nd quarter. Wasserstein Debt Opportunities Management L.P. now owns 6,891,314 shares of the oil and gas company’s stock valued at $110,606,000 after acquiring an additional 193,063 shares in the last quarter. Creative Planning raised its holdings in shares of Calumet Specialty Products Partners by 46.4% in the 2nd quarter. Creative Planning now owns 62,459 shares of the oil and gas company’s stock worth $1,002,000 after buying an additional 19,800 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of Calumet Specialty Products Partners by 8.4% in the 2nd quarter. Founders Financial Alliance LLC now owns 48,400 shares of the oil and gas company’s stock worth $777,000 after buying an additional 3,750 shares in the last quarter. Institutional investors own 34.41% of the company’s stock.

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.