Calumet Specialty Products Partners, L.P (CLMT) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) from a sell rating to a hold rating in a research report report published on Wednesday morning, BidAskClub reports.

Several other research firms also recently commented on CLMT. ValuEngine downgraded Calumet Specialty Products Partners, L.P from a hold rating to a sell rating in a report on Saturday, March 9th. Zacks Investment Research raised Calumet Specialty Products Partners, L.P from a sell rating to a hold rating in a report on Friday, March 8th.

Calumet Specialty Products Partners, L.P stock opened at $4.39 on Wednesday. The company has a debt-to-equity ratio of 22.97, a quick ratio of 0.93 and a current ratio of 1.33. Calumet Specialty Products Partners, L.P has a 12 month low of $1.99 and a 12 month high of $8.75. The firm has a market capitalization of $333.89 million, a price-to-earnings ratio of 14.63 and a beta of 2.32.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last released its earnings results on Friday, May 10th. The oil and gas company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.30. Calumet Specialty Products Partners, L.P had a positive return on equity of 73.33% and a negative net margin of 0.93%. The business had revenue of $851.30 million for the quarter, compared to the consensus estimate of $658.18 million. On average, research analysts predict that Calumet Specialty Products Partners, L.P will post 0.38 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Adams Asset Advisors LLC boosted its holdings in Calumet Specialty Products Partners, L.P by 11.0% in the first quarter. Adams Asset Advisors LLC now owns 3,527,128 shares of the oil and gas company’s stock worth $12,556,000 after acquiring an additional 349,100 shares in the last quarter. Knott David M lifted its holdings in shares of Calumet Specialty Products Partners, L.P by 1.3% during the first quarter. Knott David M now owns 1,554,031 shares of the oil and gas company’s stock valued at $5,532,000 after purchasing an additional 20,000 shares in the last quarter. SCW Capital Management LP bought a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter valued at $2,829,000. Goldman Sachs Group Inc. lifted its holdings in shares of Calumet Specialty Products Partners, L.P by 18.6% during the first quarter. Goldman Sachs Group Inc. now owns 533,451 shares of the oil and gas company’s stock valued at $1,899,000 after purchasing an additional 83,764 shares in the last quarter. Finally, Windsor Group LTD lifted its holdings in shares of Calumet Specialty Products Partners, L.P by 3.8% during the first quarter. Windsor Group LTD now owns 472,570 shares of the oil and gas company’s stock valued at $1,682,000 after purchasing an additional 17,141 shares in the last quarter. 15.65% of the stock is currently owned by institutional investors and hedge funds.

Calumet Specialty Products Partners, L.P Company Profile

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

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