Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Trading 5.5% Higher

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) shares traded up 5.5% on Friday . The stock traded as high as $4.70 and last traded at $4.64, 445,849 shares changed hands during mid-day trading. An increase of 97% from the average session volume of 226,470 shares. The stock had previously closed at $4.40.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

The business has a fifty day moving average of $4.29. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 22.97. The company has a market cap of $340.87 million, a PE ratio of 15.47 and a beta of 1.76.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, May 10th. The oil and gas company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $851.30 million during the quarter, compared to analyst estimates of $658.18 million. Research analysts forecast that Calumet Specialty Products Partners, L.P will post 0.38 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp acquired a new position in shares of Calumet Specialty Products Partners, L.P during the fourth quarter worth approximately $34,000. Janney Montgomery Scott LLC acquired a new position in shares of Calumet Specialty Products Partners, L.P during the first quarter worth approximately $37,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Calumet Specialty Products Partners, L.P during the first quarter worth approximately $47,000. Independent Advisor Alliance acquired a new position in shares of Calumet Specialty Products Partners, L.P during the first quarter worth approximately $75,000. Finally, Fiera Capital Corp acquired a new position in shares of Calumet Specialty Products Partners, L.P during the first quarter worth approximately $78,000. Institutional investors own 14.56% of the company’s stock.

About Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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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