TD Cowen Lowers Calumet Specialty Products Partners (NASDAQ:CLMT) Price Target to $26.00

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

Several other research firms also recently issued reports on CLMT. HC Wainwright reissued a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a research note on Monday. The Goldman Sachs Group dropped their price target on Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. StockNews.com initiated coverage on Calumet Specialty Products Partners in a research report on Wednesday, October 23rd. They issued a “sell” rating on the stock. Finally, Wells Fargo & Company lifted their target price on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Calumet Specialty Products Partners Stock Up 0.0 %

NASDAQ:CLMT opened at $22.25 on Monday. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29. The firm has a market capitalization of $1.91 billion, a P/E ratio of -8.06 and a beta of 1.90. The stock’s fifty day simple moving average is $19.34 and its 200-day simple moving average is $17.01.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings data on Friday, November 8th. The oil and gas company reported ($1.18) 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. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. As a group, equities research analysts expect that Calumet Specialty Products Partners will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On Calumet Specialty Products Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of CLMT. GSA Capital Partners LLP bought a new position in Calumet Specialty Products Partners during the first quarter worth about $493,000. Sapient Capital LLC grew its holdings in Calumet Specialty Products Partners by 9.5% during the second quarter. Sapient Capital LLC now owns 11,501 shares of the oil and gas company’s stock worth $185,000 after purchasing an additional 1,000 shares during the period. ARS Investment Partners LLC grew its holdings in Calumet Specialty Products Partners by 16.7% during the second quarter. ARS Investment Partners LLC now owns 31,500 shares of the oil and gas company’s stock worth $506,000 after purchasing an additional 4,500 shares during the period. Raymond James & Associates grew its holdings in Calumet Specialty Products Partners by 13.4% during the second quarter. Raymond James & Associates now owns 572,057 shares of the oil and gas company’s stock worth $9,182,000 after purchasing an additional 67,689 shares during the period. Finally, FAS Wealth Partners Inc. grew its holdings in Calumet Specialty Products Partners by 4.5% during the second quarter. FAS Wealth Partners Inc. now owns 54,126 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 2,308 shares during the period. 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.