Calumet Specialty Products Partners’ (CLMT) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a $33.00 price objective on the oil and gas company’s stock.

Other research analysts have also issued reports about the stock. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and reduced their target price for the company from $20.50 to $15.00 in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their target price on shares of Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. TD Cowen reduced their target price on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Calumet Specialty Products Partners currently has an average rating of “Hold” and a consensus target price of $23.60.

Calumet Specialty Products Partners Stock Up 0.1 %

Shares of NASDAQ:CLMT opened at $16.57 on Wednesday. The firm has a 50-day simple moving average of $19.27 and a 200 day simple moving average of $19.00. The company has a market cap of $1.42 billion, a PE ratio of -6.00 and a beta of 1.88. Calumet Specialty Products Partners has a fifty-two week low of $9.97 and a fifty-two week high of $25.29.

Insider Transactions at Calumet Specialty Products Partners

In related news, Director Jennifer Straumins sold 37,861 shares of Calumet Specialty Products Partners stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the transaction, the director now directly owns 1,184,589 shares in the company, valued at $25,373,896.38. The trade was a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.91% of the company’s stock.

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.