Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Stock Rating Lowered by BidaskClub

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

A number of other analysts have also commented on CLMT. ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of HEXO from a hold rating to a sell rating in a report on Wednesday, May 15th.

Shares of Calumet Specialty Products Partners, L.P stock opened at $4.64 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 22.97. The firm has a market capitalization of $340.86 million, a price-to-earnings ratio of 8.80 and a beta of 1.76. The firm has a 50 day moving average of $4.29. Calumet Specialty Products Partners, L.P has a fifty-two week low of $1.99 and a fifty-two week high of $7.95.



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) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.30. The business had revenue of $851.30 million during the quarter, compared to analyst estimates of $658.18 million. Calumet Specialty Products Partners, L.P had a negative net margin of 0.93% and a positive return on equity of 73.33%. Equities analysts anticipate that Calumet Specialty Products Partners, L.P will post 0.38 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Knott David M grew its holdings in Calumet Specialty Products Partners, L.P by 1.3% during the 1st quarter. Knott David M now owns 1,554,031 shares of the oil and gas company’s stock worth $5,532,000 after acquiring an additional 20,000 shares during the period. Fiera Capital Corp acquired a new stake in Calumet Specialty Products Partners, L.P during the 1st quarter worth $78,000. Independent Advisor Alliance acquired a new stake in Calumet Specialty Products Partners, L.P during the 1st quarter worth $75,000. Janney Montgomery Scott LLC acquired a new stake in Calumet Specialty Products Partners, L.P during the 1st quarter worth $37,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Calumet Specialty Products Partners, L.P during the 1st quarter worth $76,000. 14.56% of the stock is owned by hedge funds and other institutional investors.

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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