Calumet Specialty Products Partners (NASDAQ:CLMT) Upgraded by UBS Group to “Neutral” Rating

UBS Group upgraded shares of Calumet Specialty Products Partners (NASDAQ:CLMT) from a sell rating to a neutral rating in a research report report published on Monday, Marketbeat.com reports. UBS Group currently has $12.00 price target on the oil and gas company’s stock, down from their prior price target of $15.00.

Other equities research analysts have also recently issued reports about the company. TD Cowen cut Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and decreased their price target for the company from $26.00 to $16.00 in a report on Tuesday, March 4th. HC Wainwright reissued a “buy” rating and set a $33.00 price target on shares of Calumet Specialty Products Partners in a report on Monday, March 3rd. Wells Fargo & Company decreased their price target on Calumet Specialty Products Partners from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.80.

Calumet Specialty Products Partners Stock Performance

Shares of Calumet Specialty Products Partners stock opened at $13.22 on Monday. Calumet Specialty Products Partners has a one year low of $9.97 and a one year high of $25.29. The stock’s fifty day moving average is $15.71 and its 200 day moving average is $18.68. The stock has a market cap of $1.14 billion, a P/E ratio of -4.79 and a beta of 1.88.

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

Insider Transactions at Calumet Specialty Products Partners

In other news, CFO David Lunin bought 2,500 shares of Calumet Specialty Products Partners stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $13.05 per share, with a total value of $32,625.00. Following the completion of the acquisition, the chief financial officer now owns 2,500 shares of the company’s stock, valued at $32,625. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.