Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT – Get Free Report) shares saw strong trading volume on Monday after Wells Fargo & Company raised their price target on the stock from $25.00 to $29.00. Wells Fargo & Company currently has an overweight rating on the stock. 165,373 shares changed hands during mid-day trading, a decline of 54% from the previous session’s volume of 362,593 shares.The stock last traded at $21.34 and had previously closed at $20.06.
CLMT has been the subject of several other reports. StockNews.com began coverage on shares of Calumet Specialty Products Partners in a report on Tuesday, October 15th. They set a “hold” rating for the company. The Goldman Sachs Group cut their price objective on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 5th. TD Cowen upped their target price on Calumet Specialty Products Partners from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, HC Wainwright reiterated a “buy” rating and set a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.
Read Our Latest Stock Analysis on CLMT
Institutional Inflows and Outflows
Calumet Specialty Products Partners Stock Performance
The stock’s 50-day moving average is $18.45 and its two-hundred day moving average is $16.41. The stock has a market cap of $1.70 billion, a PE ratio of -302.86 and a beta of 1.92.
Calumet Specialty Products Partners (NASDAQ:CLMT – Get Free Report) last released its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.07. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $889.17 million. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.19) earnings per share. Analysts forecast that Calumet Specialty Products Partners, L.P. will post -1.97 EPS for the current year.
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.
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