Recent Investment Analysts’ Ratings Changes for Calumet Specialty Products Partners (CLMT)

A number of firms have modified their ratings and price targets on shares of Calumet Specialty Products Partners (NASDAQ: CLMT) recently:

• 10/23/2024 – Calumet Specialty Products Partners is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 10/21/2024 – Calumet Specialty Products Partners had its price target raised by analysts at Wells Fargo & Company from $25.00 to $29.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Calumet Specialty Products Partners had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $25.00 price target on the stock.
• 10/17/2024 – Calumet Specialty Products Partners had its price target raised by analysts at TD Cowen from $22.00 to $27.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Calumet Specialty Products Partners is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/7/2024 – Calumet Specialty Products Partners is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/7/2024 – Calumet Specialty Products Partners had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $25.00 price target on the stock.
• 9/29/2024 – Calumet Specialty Products Partners is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/21/2024 – Calumet Specialty Products Partners is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/13/2024 – Calumet Specialty Products Partners is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Calumet Specialty Products Partners Stock Performance

Shares of Calumet Specialty Products Partners stock traded down $0.95 during midday trading on Wednesday, reaching $19.60. 1,175,142 shares of the company’s stock traded hands, compared to its average volume of 379,737. Calumet Specialty Products Partners, L.P. has a 52 week low of $9.97 and a 52 week high of $25.29. The company’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $16.86. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -61.25 and a beta of 1.90.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $889.17 million. During the same period in the prior year, the firm earned ($0.19) EPS. The firm’s revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts predict that Calumet Specialty Products Partners, L.P. will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On Calumet Specialty Products Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Deuterium Capital Management LLC acquired a new stake in shares of Calumet Specialty Products Partners during the 1st quarter worth about $159,000. Wedbush Securities Inc. acquired a new stake in Calumet Specialty Products Partners during the 2nd quarter valued at $169,000. Sapient Capital LLC raised its position in Calumet Specialty Products Partners by 9.5% in the 2nd quarter. Sapient Capital LLC now owns 11,501 shares of the oil and gas company’s stock valued at $185,000 after purchasing an additional 1,000 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Calumet Specialty Products Partners in the first quarter worth $493,000. Finally, ARS Investment Partners LLC grew its holdings in shares of Calumet Specialty Products Partners by 16.7% during the second quarter. ARS Investment Partners LLC now owns 31,500 shares of the oil and gas company’s stock worth $506,000 after purchasing an additional 4,500 shares during the last quarter. 34.41% of the stock is owned by institutional investors.

Calumet, Inc 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; Montana/Renewables; and Performance brands segments.