Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David Lunin Buys 2,500 Shares

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) CFO David Lunin acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $13.05 per share, for a total transaction of $32,625.00. Following the acquisition, the chief financial officer now owns 2,500 shares in the company, valued at approximately $32,625. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Calumet Specialty Products Partners Trading Down 0.9 %

Shares of Calumet Specialty Products Partners stock traded down $0.12 during mid-day trading on Wednesday, reaching $12.93. 879,423 shares of the stock were exchanged, compared to its average volume of 1,455,341. Calumet Specialty Products Partners, L.P. has a fifty-two week low of $9.97 and a fifty-two week high of $25.29. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -4.71 and a beta of 1.88. The firm has a 50-day simple moving average of $17.98 and a 200 day simple moving average of $19.22.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its earnings results on Friday, February 28th. The oil and gas company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($1.06) by $0.59. The business had revenue of $949.50 million during the quarter, compared to analyst estimates of $921.76 million. During the same period in the previous year, the firm earned ($0.59) earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, research analysts predict that Calumet Specialty Products Partners, L.P. will post -3.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CLMT. HC Wainwright reiterated a “buy” rating and issued a $33.00 price objective on shares of Calumet Specialty Products Partners in a research report on Monday. TD Cowen lowered shares of Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and lowered their price target for the company from $26.00 to $16.00 in a report on Tuesday. UBS Group downgraded shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $20.50 to $15.00 in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.60.

About Calumet Specialty Products Partners

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.