HC Wainwright reaffirmed their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT – Free Report) in a research note issued to investors on Monday, Benzinga reports. HC Wainwright currently has a $25.00 price objective on the oil and gas company’s stock.
Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group cut their price objective on Calumet Specialty Products Partners from $19.00 to $17.00 and set a buy rating for the company in a research report on Thursday, March 21st. StockNews.com assumed coverage on Calumet Specialty Products Partners in a research report on Monday. They set a hold rating for the company.
View Our Latest Report on CLMT
Calumet Specialty Products Partners Price Performance
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The business had revenue of $976.50 million during the quarter, compared to analysts’ expectations of $856.71 million. During the same period last year, the firm posted ($0.21) EPS. The business’s revenue was down 2.3% on a year-over-year basis. Equities analysts anticipate that Calumet Specialty Products Partners will post -0.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Calumet Specialty Products Partners
Institutional investors and hedge funds have recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in shares of Calumet Specialty Products Partners during the fourth quarter worth $116,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Calumet Specialty Products Partners during the first quarter worth $119,000. PFG Investments LLC acquired a new stake in shares of Calumet Specialty Products Partners during the first quarter worth $155,000. Sapient Capital LLC acquired a new stake in shares of Calumet Specialty Products Partners during the fourth quarter worth $188,000. Finally, Advisor Resource Council acquired a new stake in shares of Calumet Specialty Products Partners during the fourth quarter worth $216,000. Institutional investors own 34.41% of the company’s stock.
About Calumet Specialty Products Partners
Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments.
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