Calumet Specialty Products Partners (NASDAQ:CLMT) Price Target Lowered to $18.00 at TD Cowen

Calumet Specialty Products Partners (NASDAQ:CLMT) had its price target reduced by TD Cowen from $20.00 to $18.00 in a report released on Monday morning, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

Several other research firms also recently commented on CLMT. The Goldman Sachs Group decreased their price objective on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a buy rating on the stock in a report on Monday, August 5th. HC Wainwright reissued a buy rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a report on Monday, May 13th. Finally, StockNews.com initiated coverage on Calumet Specialty Products Partners in a report on Monday. They set a hold rating for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $19.33.

Calumet Specialty Products Partners Stock Performance

Shares of NASDAQ:CLMT opened at $17.29 on Monday. Calumet Specialty Products Partners has a 52-week low of $9.97 and a 52-week high of $19.91. The company has a market capitalization of $1.39 billion, a P/E ratio of -247.00 and a beta of 1.93. The company has a 50-day simple moving average of $15.00 and a 200 day simple moving average of $15.41.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its quarterly earnings data on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.07. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $889.17 million. During the same period in the previous year, the business earned ($0.19) earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that Calumet Specialty Products Partners will post -1.9 earnings per share for the current year.

Institutional Trading of Calumet Specialty Products Partners

Institutional investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC bought a new position in shares of Calumet Specialty Products Partners during the fourth quarter worth approximately $116,000. Future Financial Wealth Managment LLC bought a new position in Calumet Specialty Products Partners during the 1st quarter worth $119,000. PFG Investments LLC acquired a new position in Calumet Specialty Products Partners in the 1st quarter valued at $155,000. Deuterium Capital Management LLC bought a new stake in shares of Calumet Specialty Products Partners during the 1st quarter valued at $159,000. Finally, Wedbush Securities Inc. bought a new position in shares of Calumet Specialty Products Partners in the second quarter worth $169,000. Institutional investors own 34.41% of the company’s stock.

Calumet Specialty Products Partners Company Profile

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.