Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT - Get Free Report) was down 5.9% during trading on Thursday . The stock traded as low as $16.45 and last traded at $16.39. Approximately 247,632 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,442,284 shares. The stock had previously closed at $17.41.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CLMT. Wells Fargo & Company lifted their price target on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, October 21st. StockNews.com raised Calumet Specialty Products Partners to a "sell" rating in a research note on Monday, November 18th. TD Cowen decreased their price target on Calumet Specialty Products Partners from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, November 11th. HC Wainwright restated a "buy" rating and set a $33.00 price objective on shares of Calumet Specialty Products Partners in a research note on Wednesday, February 12th. Finally, UBS Group lowered shares of Calumet Specialty Products Partners from a "neutral" rating to a "sell" rating and decreased their target price for the company from $20.50 to $15.00 in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.60.
Check Out Our Latest Stock Analysis on CLMT
Calumet Specialty Products Partners Stock Performance
The company's 50 day moving average price is $19.27 and its 200-day moving average price is $19.09. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -6.00 and a beta of 1.88.
Insider Buying and Selling
In related news, Director Jennifer Straumins sold 37,861 shares of Calumet Specialty Products Partners stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the transaction, the director now owns 1,184,589 shares of the company's stock, valued at approximately $25,373,896.38. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.91% of the stock is currently owned by insiders.
About Calumet Specialty Products Partners
(
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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.
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