Calumet Specialty Products Partners (NASDAQ:CLMT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a report issued on Monday. The firm issued a hold rating on the oil and gas company’s stock.

Separately, The Goldman Sachs Group decreased their price target on Calumet Specialty Products Partners from $19.00 to $17.00 and set a buy rating for the company in a research note on Thursday, March 21st.

Calumet Specialty Products Partners Price Performance

Shares of NASDAQ CLMT opened at $15.37 on Monday. Calumet Specialty Products Partners has a one year low of $11.91 and a one year high of $19.91. The business’s 50-day moving average price is $15.40 and its two-hundred day moving average price is $15.96. The company has a market capitalization of $1.23 billion, a P/E ratio of 19.45 and a beta of 1.76.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The company had revenue of $976.50 million during the quarter, compared to analyst estimates of $856.71 million. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. On average, equities analysts anticipate that Calumet Specialty Products Partners will post -0.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in shares of Calumet Specialty Products Partners in the fourth quarter valued at about $116,000. Future Financial Wealth Managment LLC acquired a new stake in Calumet Specialty Products Partners in the 1st quarter valued at approximately $119,000. PFG Investments LLC bought a new position in Calumet Specialty Products Partners in the 1st quarter worth approximately $155,000. Sapient Capital LLC acquired a new position in shares of Calumet Specialty Products Partners during the fourth quarter worth approximately $188,000. Finally, Advisor Resource Council bought a new stake in shares of Calumet Specialty Products Partners in the fourth quarter valued at approximately $216,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

About Calumet Specialty Products Partners

Calumet Specialty Products Partners, L.P. 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; Performance brands; Montana/Renewables; and Corporate segments.