Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Short Interest Up 5.2% in January

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 6,030,000 shares, a growth of 5.2% from the December 31st total of 5,730,000 shares. Based on an average daily trading volume, of 754,900 shares, the short-interest ratio is presently 8.0 days. Currently, 8.7% of the company's stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CLMT shares. Wells Fargo & Company increased their price target on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Calumet Specialty Products Partners to a "sell" rating in a report on Monday, November 18th. TD Cowen cut their price target on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, November 11th. HC Wainwright increased their price objective on shares of Calumet Specialty Products Partners from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, UBS Group downgraded Calumet Specialty Products Partners from a "neutral" rating to a "sell" rating and cut their target price for the stock from $20.50 to $15.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Calumet Specialty Products Partners has an average rating of "Hold" and a consensus target price of $23.60.

Insider Buying and Selling at Calumet Specialty Products Partners

In other Calumet Specialty Products Partners news, Director Jennifer Straumins sold 37,861 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total transaction of $810,982.62. Following the completion of the sale, the director now directly owns 1,184,589 shares of the company's stock, valued at approximately $25,373,896.38. The trade was a 3.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.91% of the company's stock.

Institutional Trading of Calumet Specialty Products Partners

An institutional investor recently raised its position in Calumet Specialty Products Partners stock. Creative Planning boosted its position in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT - Free Report) by 46.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 62,459 shares of the oil and gas company's stock after acquiring an additional 19,800 shares during the period. Creative Planning owned 0.08% of Calumet Specialty Products Partners worth $1,002,000 as of its most recent SEC filing. Institutional investors own 34.41% of the company's stock.

Calumet Specialty Products Partners Stock Down 0.8 %

NASDAQ CLMT traded down $0.13 during trading hours on Thursday, reaching $16.51. 1,026,927 shares of the company were exchanged, compared to its average volume of 1,452,959. The stock has a market capitalization of $1.42 billion, a P/E ratio of -5.98 and a beta of 1.88. Calumet Specialty Products Partners has a 1 year low of $9.97 and a 1 year high of $25.29. The business's 50 day simple moving average is $19.96 and its 200-day simple moving average is $18.86.

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.59). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $888.36 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm's revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Calumet Specialty Products Partners will post -3.02 earnings per share for the current year.

Calumet Specialty Products Partners Company Profile

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.