DA Davidson reissued their neutral rating on shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) in a report published on Monday.

CLMT has been the subject of a number of other research reports. FBR & Co initiated coverage on shares of Calumet Specialty Products Partners, L.P in a research report on Friday, September 9th. They set a market perform rating and a $6.00 target price for the company. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P from a sell rating to a hold rating in a research report on Tuesday, September 6th. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company has an average rating of Hold and a consensus target price of $10.38.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) opened at 5.37 on Monday. The stock’s market cap is $410.11 million. Calumet Specialty Products Partners, L.P has a 12 month low of $3.42 and a 12 month high of $27.88. The firm has a 50-day moving average of $5.49 and a 200 day moving average of $6.30.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last announced its earnings results on Thursday, August 4th. The company reported ($1.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by $1.55. Analysts anticipate that Calumet Specialty Products Partners, L.P will post ($3.09) EPS for the current year.

In other Calumet Specialty Products Partners, L.P news, EVP Bruce A. Fleming bought 15,000 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were bought at an average cost of $5.50 per share, with a total value of $82,500.00. Following the completion of the acquisition, the executive vice president now owns 85,000 shares of the company’s stock, valued at $467,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services Inc boosted its stake in shares of Calumet Specialty Products Partners, L.P by 11.7% in the second quarter. Commonwealth Equity Services Inc now owns 21,643 shares of the company’s stock worth $106,000 after buying an additional 2,274 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Calumet Specialty Products Partners, L.P by 56.3% in the second quarter. Janney Montgomery Scott LLC now owns 26,488 shares of the company’s stock worth $130,000 after buying an additional 9,545 shares during the period. IFP Advisors Inc boosted its stake in shares of Calumet Specialty Products Partners, L.P by 19.8% in the second quarter. IFP Advisors Inc now owns 29,155 shares of the company’s stock worth $143,000 after buying an additional 4,816 shares during the period. Fifth Third Bancorp boosted its stake in shares of Calumet Specialty Products Partners, L.P by 2.5% in the second quarter. Fifth Third Bancorp now owns 31,050 shares of the company’s stock worth $152,000 after buying an additional 750 shares during the period. Finally, Creative Planning boosted its stake in shares of Calumet Specialty Products Partners, L.P by 27.1% in the second quarter. Creative Planning now owns 33,956 shares of the company’s stock worth $166,000 after buying an additional 7,250 shares during the period.

Calumet Specialty Products Partners, L.P Company Profile

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The Company operates through three segments. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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