Calumet Specialty Products Partners (NASDAQ:CLMT) Earns Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Calumet Specialty Products Partners (NASDAQ:CLMT) in a research note published on Wednesday,Benzinga reports. HC Wainwright currently has a $33.00 target price on the oil and gas company’s stock.

A number of other equities research analysts also recently issued reports on the stock. UBS Group downgraded shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and lowered their target price for the company from $20.50 to $15.00 in a report on Tuesday, February 4th. Wells Fargo & Company upped their price target on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. TD Cowen cut their target price on Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.60.

Calumet Specialty Products Partners Stock Up 9.6 %

Calumet Specialty Products Partners stock opened at $17.41 on Wednesday. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29. The firm’s 50-day moving average is $19.48 and its two-hundred day moving average is $18.99.

Insiders Place Their Bets

In related news, Director Jennifer Straumins sold 37,861 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total value of $810,982.62. Following the sale, the director now directly owns 1,184,589 shares in the company, valued at $25,373,896.38. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Company Profile

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.