ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) from a sell rating to a hold rating in a research report report published on Tuesday.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P. from a hold rating to a buy rating and set a $7.00 price objective for the company in a research note on Friday, August 18th. Janney Montgomery Scott upgraded Calumet Specialty Products Partners, L.P. from a neutral rating to a buy rating and lifted their price objective for the company from $6.00 to $8.50 in a research note on Monday, August 14th. BidaskClub upgraded Calumet Specialty Products Partners, L.P. from a sell rating to a hold rating in a research note on Monday, July 24th. Cowen and Company reiterated a hold rating and set a $5.00 price objective on shares of Calumet Specialty Products Partners, L.P. in a research note on Friday, July 14th. Finally, Wells Fargo & Company upgraded Calumet Specialty Products Partners, L.P. from a market perform rating to an outperform rating and set a $6.00 price objective for the company in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $5.36.

Calumet Specialty Products Partners, L.P. (CLMT) opened at 6.55 on Tuesday. Calumet Specialty Products Partners, L.P. has a 1-year low of $6.55 and a 1-year high of $6.70. The company has a 50 day moving average of $5.34 and a 200 day moving average of $4.30. The company’s market capitalization is $502.58 million.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last announced its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.58. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $841 million. Calumet Specialty Products Partners, L.P. had a negative return on equity of 48.17% and a negative net margin of 2.81%. On average, analysts predict that Calumet Specialty Products Partners, L.P. will post ($0.22) earnings per share for the current fiscal year.

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In other Calumet Specialty Products Partners, L.P. news, CFO David West Griffin purchased 8,100 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average price of $5.19 per share, for a total transaction of $42,039.00. Following the completion of the purchase, the chief financial officer now directly owns 49,252 shares of the company’s stock, valued at $255,617.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought 78,005 shares of company stock valued at $354,884 in the last 90 days. Company insiders own 4.75% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Point Capital Management LP boosted its position in Calumet Specialty Products Partners, L.P. by 6.8% in the second quarter. Sound Point Capital Management LP now owns 799,651 shares of the oil and gas company’s stock valued at $3,399,000 after buying an additional 51,118 shares in the last quarter. Adams Asset Advisors LLC boosted its position in Calumet Specialty Products Partners, L.P. by 11.9% in the second quarter. Adams Asset Advisors LLC now owns 705,332 shares of the oil and gas company’s stock valued at $2,998,000 after buying an additional 74,732 shares in the last quarter. Morgan Stanley boosted its position in Calumet Specialty Products Partners, L.P. by 13.5% in the first quarter. Morgan Stanley now owns 704,438 shares of the oil and gas company’s stock valued at $2,677,000 after buying an additional 83,995 shares in the last quarter. Royal Bank of Canada boosted its position in Calumet Specialty Products Partners, L.P. by 9.2% in the second quarter. Royal Bank of Canada now owns 484,494 shares of the oil and gas company’s stock valued at $2,059,000 after buying an additional 40,676 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Calumet Specialty Products Partners, L.P. by 3.8% in the second quarter. Wells Fargo & Company MN now owns 479,323 shares of the oil and gas company’s stock valued at $2,037,000 after buying an additional 17,573 shares in the last quarter. Hedge funds and other institutional investors own 11.30% of the company’s stock.

About Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. 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.

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