Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) rose 1.4% on Wednesday . The stock traded as high as $9.10 and last traded at $8.82. Approximately 318,303 shares changed hands during mid-day trading, an increase of Infinity from the average daily volume of 0 shares. The stock had previously closed at $8.95.

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

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, August 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.58. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $841.00 million. Calumet Specialty Products Partners, L.P. had a negative net margin of 2.81% and a negative return on equity of 48.17%.

Several institutional investors have recently added to or reduced their stakes in the stock. Adams Asset Advisors LLC lifted its position in shares of Calumet Specialty Products Partners, L.P. by 16.0% during the 3rd quarter. Adams Asset Advisors LLC now owns 817,980 shares of the oil and gas company’s stock valued at $6,830,000 after acquiring an additional 112,648 shares during the period. Westwood Holdings Group Inc. acquired a new position in shares of Calumet Specialty Products Partners, L.P. during the 2nd quarter valued at $110,000. Linscomb & Williams Inc. lifted its position in shares of Calumet Specialty Products Partners, L.P. by 49.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 146,364 shares of the oil and gas company’s stock valued at $622,000 after acquiring an additional 48,201 shares during the period. Sound Point Capital Management LP lifted its position in shares of Calumet Specialty Products Partners, L.P. by 6.8% during the 2nd 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 acquiring an additional 51,118 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Calumet Specialty Products Partners, L.P. by 9.2% during the 2nd quarter. Royal Bank of Canada now owns 484,494 shares of the oil and gas company’s stock valued at $2,059,000 after acquiring an additional 40,676 shares during the period. Institutional investors own 10.12% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Calumet Specialty Products Partners, L.P. (CLMT) Stock Price Up -1.4%” was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2017/11/01/calumet-specialty-products-partners-l-p-clmt-stock-price-up-1-4.html.

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.

Receive News & Ratings for Calumet Specialty Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calumet Specialty Products Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.