Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO Acquires $32,625.00 in Stock

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David Lunin purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $13.05 per share, for a total transaction of $32,625.00. Following the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $32,625. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Calumet Specialty Products Partners Stock Performance

NASDAQ:CLMT traded down $0.12 during trading hours on Wednesday, hitting $12.93. The stock had a trading volume of 879,423 shares, compared to its average volume of 1,455,341. Calumet Specialty Products Partners, L.P. has a one year low of $9.97 and a one year high of $25.29. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -4.71 and a beta of 1.88. The business’s 50 day moving average is $17.98 and its 200-day moving average is $19.22.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its quarterly earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share for the quarter, beating 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 previous year, the firm posted ($0.59) EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Calumet Specialty Products Partners, L.P. will post -3.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and set a $33.00 price objective on shares of Calumet Specialty Products Partners in a report on Monday. TD Cowen lowered shares of Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and cut their price objective for the company from $26.00 to $16.00 in a report on Tuesday. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $20.50 to $15.00 in a report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Calumet Specialty Products Partners to a “sell” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.60.

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.