Zacks Investment Research upgraded shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) from a hold rating to a buy rating in a research report sent to investors on Monday morning. They currently have $4.25 target price on the oil and gas company’s stock.

According to Zacks, “Calumet Specialty Products Partners, L.P. is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil into customized lubricating oils, solvents, and waxes used in consumer, industrial, and automotive products. The Company also produces fuel products including gasoline, diesel fuel and jet fuel. Calumet is based in Indianapolis, Indiana and has three plants located in northwest Louisiana. “

Other equities research analysts have also issued reports about the stock. BidaskClub raised shares of Calumet Specialty Products Partners, L.P from a sell rating to a hold rating in a research note on Tuesday, March 12th. ValuEngine lowered shares of Calumet Specialty Products Partners, L.P from a hold rating to a sell rating in a research note on Saturday, March 9th. Finally, Cowen set a $5.00 price objective on shares of Calumet Specialty Products Partners, L.P and gave the company a hold rating in a research note on Wednesday, November 28th.

CLMT opened at $3.60 on Monday. Calumet Specialty Products Partners, L.P has a fifty-two week low of $1.99 and a fifty-two week high of $8.75. The company has a debt-to-equity ratio of 30.26, a quick ratio of 0.93 and a current ratio of 1.61. The company has a market cap of $285.86 million, a price-to-earnings ratio of 7.24 and a beta of 2.32.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its earnings results on Thursday, March 7th. The oil and gas company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. Calumet Specialty Products Partners, L.P had a negative net margin of 1.56% and a positive return on equity of 65.97%. The firm had revenue of $848.00 million for the quarter, compared to analyst estimates of $716.03 million. Equities research analysts forecast that Calumet Specialty Products Partners, L.P will post -0.35 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Calumet Specialty Products Partners, L.P by 4.4% during the 3rd quarter. Wells Fargo & Company MN now owns 375,748 shares of the oil and gas company’s stock valued at $2,405,000 after acquiring an additional 15,766 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Calumet Specialty Products Partners, L.P by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 100,134 shares of the oil and gas company’s stock valued at $641,000 after acquiring an additional 18,134 shares during the period. Credit Suisse AG lifted its position in shares of Calumet Specialty Products Partners, L.P by 485.6% during the 3rd quarter. Credit Suisse AG now owns 79,121 shares of the oil and gas company’s stock valued at $507,000 after acquiring an additional 65,609 shares during the period. Adams Asset Advisors LLC lifted its position in shares of Calumet Specialty Products Partners, L.P by 91.3% during the 4th quarter. Adams Asset Advisors LLC now owns 3,178,028 shares of the oil and gas company’s stock valued at $7,023,000 after acquiring an additional 1,517,148 shares during the period. Finally, Windsor Group LTD lifted its position in shares of Calumet Specialty Products Partners, L.P by 1.2% during the 4th quarter. Windsor Group LTD now owns 455,429 shares of the oil and gas company’s stock valued at $1,006,000 after acquiring an additional 5,208 shares during the period. 15.15% of the stock is currently owned by institutional investors.

Calumet Specialty Products Partners, L.P Company Profile

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

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