Calumet Specialty Products Partners (NASDAQ:CLMT) Earns Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a research report report published on Wednesday,Benzinga reports. HC Wainwright currently has a $33.00 price objective on the oil and gas company’s stock.

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

Calumet Specialty Products Partners Stock Up 0.1 %

Shares of Calumet Specialty Products Partners stock opened at $16.57 on Wednesday. The stock has a market cap of $1.42 billion, a PE ratio of -6.00 and a beta of 1.88. The business has a fifty day simple moving average of $19.27 and a 200-day simple moving average of $19.00. Calumet Specialty Products Partners has a 12 month low of $9.97 and a 12 month high of $25.29.

Insider Activity at Calumet Specialty Products Partners

In other Calumet Specialty Products Partners news, Director Jennifer Straumins sold 37,861 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the completion of the sale, the director now owns 1,184,589 shares of the company’s stock, valued at $25,373,896.38. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.