Calumet Specialty Products Partners (NASDAQ:CLMT) Price Target Raised to $27.00 at TD Cowen

Calumet Specialty Products Partners (NASDAQ:CLMT) had its price target upped by TD Cowen from $22.00 to $27.00 in a research note issued to investors on Thursday, MarketBeat reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

CLMT has been the subject of a number of other reports. The Goldman Sachs Group reduced their price target on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 5th. StockNews.com assumed coverage on shares of Calumet Specialty Products Partners in a research report on Tuesday. They set a “hold” rating for the company. Finally, HC Wainwright reissued a “buy” rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Calumet Specialty Products Partners presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Calumet Specialty Products Partners Trading Down 0.3 %

CLMT opened at $21.87 on Thursday. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29. The firm has a market capitalization of $1.76 billion, a PE ratio of -312.43 and a beta of 1.92. The firm has a 50 day moving average of $18.19 and a two-hundred day moving average of $16.32.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $889.17 million. During the same period in the prior year, the business posted ($0.19) earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that Calumet Specialty Products Partners will post -1.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Calumet Specialty Products Partners

Several institutional investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. increased its holdings in shares of Calumet Specialty Products Partners by 4.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 20,600 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 850 shares in the last quarter. Sapient Capital LLC increased its holdings in shares of Calumet Specialty Products Partners by 9.5% during the 2nd quarter. Sapient Capital LLC now owns 11,501 shares of the oil and gas company’s stock valued at $185,000 after purchasing an additional 1,000 shares in the last quarter. FAS Wealth Partners Inc. increased its holdings in shares of Calumet Specialty Products Partners by 4.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 54,126 shares of the oil and gas company’s stock valued at $869,000 after purchasing an additional 2,308 shares in the last quarter. Founders Financial Alliance LLC increased its holdings in shares of Calumet Specialty Products Partners by 8.4% during the 2nd quarter. Founders Financial Alliance LLC now owns 48,400 shares of the oil and gas company’s stock valued at $777,000 after purchasing an additional 3,750 shares in the last quarter. Finally, ARS Investment Partners LLC increased its holdings in shares of Calumet Specialty Products Partners by 16.7% during the 2nd quarter. ARS Investment Partners LLC now owns 31,500 shares of the oil and gas company’s stock valued at $506,000 after purchasing an additional 4,500 shares in the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

About Calumet Specialty Products Partners

Calumet, Inc 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; Montana/Renewables; and Performance brands segments.