An issue of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) bonds rose 2.4% against their face value during trading on Friday. The high-yield debt issue has a 7.75% coupon and will mature on April 15, 2023. The debt is now trading at $79.75 and was trading at $76.75 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

A number of equities analysts have weighed in on CLMT shares. FBR & Co started coverage on Calumet Specialty Products Partners, L.P in a research report on Friday, September 9th. They set a “market perform” rating and a $6.00 price target on the stock. DA Davidson reissued a “neutral” rating on shares of Calumet Specialty Products Partners, L.P in a research report on Monday, September 19th. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Credit Suisse Group AG raised Calumet Specialty Products Partners, L.P from an “underperform” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Friday, November 4th. Four equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Calumet Specialty Products Partners, L.P currently has a consensus rating of “Hold” and a consensus price target of $9.88.

Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) opened at 4.00 on Friday. The company’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00. Calumet Specialty Products Partners, L.P has a 12 month low of $2.79 and a 12 month high of $26.75.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its earnings results on Thursday, November 3rd. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.32. The business had revenue of $966 million for the quarter, compared to analysts’ expectations of $898.98 million. Equities research analysts anticipate that Calumet Specialty Products Partners, L.P will post ($3.40) earnings per share for the current fiscal year.

In related news, EVP Bruce A. Fleming purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were bought at an average price of $5.50 per share, with a total value of $82,500.00. Following the acquisition, the executive vice president now owns 85,000 shares of the company’s stock, valued at approximately $467,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP A Anderson William purchased 14,500 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of $3.40 per share, for a total transaction of $49,300.00. Following the acquisition, the executive vice president now directly owns 39,892 shares in the company, valued at approximately $135,632.80. The disclosure for this purchase can be found here.

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services Inc boosted its stake in Calumet Specialty Products Partners, L.P by 11.7% in the second quarter. Commonwealth Equity Services Inc now owns 21,643 shares of the company’s stock worth $106,000 after buying an additional 2,274 shares during the period. Janney Montgomery Scott LLC boosted its stake in Calumet Specialty Products Partners, L.P by 56.3% in the second quarter. Janney Montgomery Scott LLC now owns 26,488 shares of the company’s stock worth $130,000 after buying an additional 9,545 shares during the period. IFP Advisors Inc boosted its stake in Calumet Specialty Products Partners, L.P by 19.8% in the second quarter. IFP Advisors Inc now owns 29,155 shares of the company’s stock worth $143,000 after buying an additional 4,816 shares during the period. Fifth Third Bancorp boosted its stake in Calumet Specialty Products Partners, L.P by 2.5% in the second quarter. Fifth Third Bancorp now owns 31,050 shares of the company’s stock worth $152,000 after buying an additional 750 shares during the period. Finally, Creative Planning boosted its stake in Calumet Specialty Products Partners, L.P by 5.6% in the third quarter. Creative Planning now owns 35,856 shares of the company’s stock worth $162,000 after buying an additional 1,900 shares during the period.

About Calumet Specialty Products Partners, L.P

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products. The Company operates through three segments. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

5 Day Chart for NASDAQ:CLMT

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