Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 691,161 shares, an increase of 27.6% from the August 31st total of 541,463 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 701,667 shares, the short-interest ratio is currently 1.0 days.

Calumet Specialty Products Partners, L.P. (NASDAQ CLMT) opened at 8.55 on Thursday. The company has a 50 day moving average of $7.58 and a 200 day moving average of $5.10. Calumet Specialty Products Partners, L.P. has a 12 month low of $2.79 and a 12 month high of $9.10.

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 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.58. Calumet Specialty Products Partners, L.P. had a negative return on equity of 48.17% and a negative net margin of 2.81%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $841.00 million. Equities analysts predict that Calumet Specialty Products Partners, L.P. will post $0.08 EPS for the current year.

In other Calumet Specialty Products Partners, L.P. news, CFO David West Griffin bought 6,369 shares of the company’s stock in a transaction on Monday, July 17th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $26,367.66. Following the acquisition, the chief financial officer now directly owns 32,200 shares in the company, valued at $133,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have acquired 49,405 shares of company stock worth $236,254. 4.75% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in Calumet Specialty Products Partners, L.P. by 5.0% in the first quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,500 shares in the last quarter. Morgan Stanley boosted its holdings 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 purchasing an additional 83,995 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Calumet Specialty Products Partners, L.P. by 2.5% in the first quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock valued at $1,754,000 after purchasing an additional 11,265 shares in the last quarter. Adams Asset Advisors LLC boosted its holdings 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 purchasing an additional 74,732 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Calumet Specialty Products Partners, L.P. by 72.0% in the second quarter. GSA Capital Partners LLP now owns 230,822 shares of the oil and gas company’s stock valued at $981,000 after purchasing an additional 96,622 shares in the last quarter. 9.70% of the stock is owned by hedge funds and other institutional investors.

CLMT has been the subject of several analyst reports. BidaskClub lowered shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 price target for the company in a research report on Tuesday, July 11th. Cowen and Company reissued a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research report on Friday, July 14th. Janney Montgomery Scott raised shares of Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and increased their price target for the company from $6.00 to $8.50 in a research report on Monday, August 14th. Finally, ValuEngine raised shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Calumet Specialty Products Partners, L.P. has a consensus rating of “Hold” and a consensus target price of $6.00.

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Calumet Specialty Products Partners, L.P. Company Profile

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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