Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) from a sell rating to a hold rating in a report released on Friday, March 9th.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Calumet Specialty Products Partners, L.P from a buy rating to a hold rating in a research report on Tuesday, December 19th. ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P from a sell rating to a hold rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Calumet Specialty Products Partners, L.P has a consensus rating of Hold and a consensus target price of $8.19.

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Calumet Specialty Products Partners, L.P stock traded down $0.15 during mid-day trading on Friday, hitting $6.90. The stock had a trading volume of 358,276 shares, compared to its average volume of 344,024. The company has a market capitalization of $541.35, a P/E ratio of -12.32 and a beta of 1.13. The company has a debt-to-equity ratio of 10.67, a quick ratio of 0.83 and a current ratio of 1.36. Calumet Specialty Products Partners, L.P has a one year low of $3.40 and a one year high of $9.95.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its earnings results on Thursday, December 28th. The oil and gas company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.55). Calumet Specialty Products Partners, L.P had a negative return on equity of 25.91% and a negative net margin of 2.14%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1 billion. analysts forecast that Calumet Specialty Products Partners, L.P will post -0.57 EPS for the current year.

Large investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter worth approximately $130,000. Jane Street Group LLC bought a new position in shares of Calumet Specialty Products Partners, L.P during the third quarter valued at approximately $145,000. Virtu Financial LLC bought a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter valued at approximately $178,000. SeaCrest Wealth Management LLC bought a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter valued at approximately $179,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Calumet Specialty Products Partners, L.P during the third quarter valued at approximately $284,000. 14.55% of the stock is currently owned by institutional investors and hedge funds.

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About Calumet Specialty Products Partners, L.P

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.

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