Calumet Specialty Products Partners (NASDAQ:CLMT) Receives “Buy” Rating from HC Wainwright

Calumet Specialty Products Partners (NASDAQ:CLMT)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $33.00 price objective on the oil and gas company’s stock. HC Wainwright’s price objective would suggest a potential upside of 76.61% from the stock’s previous close.

CLMT has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. TD Cowen decreased their price objective on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, November 11th. UBS Group cut Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and cut their target price for the company from $20.50 to $15.00 in a research note on Tuesday, February 4th. Finally, StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.60.

Calumet Specialty Products Partners Trading Up 17.7 %

NASDAQ:CLMT traded up $2.81 during midday trading on Wednesday, hitting $18.69. 1,893,488 shares of the company traded hands, compared to its average volume of 1,418,527. The firm’s fifty day moving average is $19.59 and its 200-day moving average is $19.00. The firm has a market capitalization of $1.61 billion, a P/E ratio of -6.77 and a beta of 1.88. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29.

Insider Transactions at Calumet Specialty Products Partners

In other Calumet Specialty Products Partners news, Director Jennifer Straumins sold 37,861 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total transaction of $810,982.62. Following the transaction, the director now directly owns 1,184,589 shares in the company, valued at $25,373,896.38. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Company Profile

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.