Calumet Specialty Products Partners’ (CLMT) Buy Rating Reiterated at HC Wainwright

Calumet Specialty Products Partners (NASDAQ:CLMT)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued on Wednesday,Benzinga reports. They currently have a $33.00 target price on the oil and gas company’s stock. HC Wainwright’s price objective points to a potential upside of 99.40% from the stock’s previous close.

A number of other analysts have also weighed in on CLMT. UBS Group lowered Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $20.50 to $15.00 in a research note on Tuesday, February 4th. StockNews.com upgraded Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their target price on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, TD Cowen reduced their target price on Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and four have assigned 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 target price of $23.60.

Calumet Specialty Products Partners Stock Down 4.9 %

CLMT stock opened at $16.55 on Wednesday. The business’s fifty day simple moving average is $19.37 and its two-hundred day simple moving average is $18.98. Calumet Specialty Products Partners has a twelve month low of $9.97 and a twelve month high of $25.29. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -6.00 and a beta of 1.88.

Insider Activity

In other news, Director Jennifer Straumins sold 37,861 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total transaction of $810,982.62. Following the transaction, the director now owns 1,184,589 shares in the company, valued at approximately $25,373,896.38. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.91% of the company’s stock.

About Calumet Specialty Products Partners

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.