Calumet Specialty Products Partners, L.P (CLMT) Rating Reiterated by Cowen and Company

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a note issued to investors on Tuesday. They presently have a $5.00 price target on the oil and gas company’s stock. Cowen and Company’s target price indicates a potential downside of 35.90% from the stock’s current price.

Several other brokerages have also issued reports on CLMT. Zacks Investment Research lowered shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Janney Montgomery Scott upgraded shares of Calumet Specialty Products Partners, L.P from a “neutral” rating to a “buy” rating and lifted their target price for the company from $6.00 to $8.50 in a research report on Monday, August 14th. ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Wells Fargo & Company lifted their target price on shares of Calumet Specialty Products Partners, L.P from $7.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Calumet Specialty Products Partners, L.P has an average rating of “Hold” and a consensus target price of $6.00.

Calumet Specialty Products Partners, L.P (CLMT) traded up 0.64% on Tuesday, hitting $7.85. 159,369 shares of the company’s stock traded hands. Calumet Specialty Products Partners, L.P has a one year low of $7.75 and a one year high of $8.05.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its earnings results on Friday, August 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.58. Calumet Specialty Products Partners, L.P had a net margin of 0.93% and a return on equity of 18.20%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $841.00 million. On average, analysts anticipate that Calumet Specialty Products Partners, L.P will post $0.29 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Calumet Specialty Products Partners, L.P (CLMT) Rating Reiterated by Cowen and Company” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.tickerreport.com/banking-finance/2966404/calumet-specialty-products-partners-l-p-clmt-rating-reiterated-by-cowen-and-company.html.

In other news, CFO David West Griffin bought 6,100 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were bought at an average cost of $5.24 per share, for a total transaction of $31,964.00. Following the acquisition, the chief financial officer now directly owns 43,152 shares of the company’s stock, valued at approximately $226,116.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 30,436 shares of company stock worth $157,512 over the last quarter. 4.75% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of CLMT. Wells Fargo & Company MN boosted its holdings in Calumet Specialty Products Partners, L.P by 2.5% in the 1st quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock valued at $1,754,000 after purchasing an additional 11,265 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Calumet Specialty Products Partners, L.P by 5.0% in the 1st quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,500 shares during the last quarter. Morgan Stanley boosted its holdings in Calumet Specialty Products Partners, L.P by 13.5% in the 1st quarter. Morgan Stanley now owns 704,438 shares of the oil and gas company’s stock valued at $2,677,000 after purchasing an additional 83,995 shares during the last quarter. Adams Asset Advisors LLC boosted its holdings in Calumet Specialty Products Partners, L.P by 11.9% in the 2nd quarter. Adams Asset Advisors LLC now owns 705,332 shares of the oil and gas company’s stock valued at $2,998,000 after purchasing an additional 74,732 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Calumet Specialty Products Partners, L.P by 350.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 36,000 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 28,000 shares during the last quarter. Institutional investors own 9.70% of the company’s stock.

Calumet Specialty Products Partners, L.P Company Profile

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

Analyst Recommendations for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

Receive News & Ratings for Calumet Specialty Products Partners L.P Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners L.P and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.