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

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

A number of analysts recently commented on CLMT shares. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

The company has a debt-to-equity ratio of 22.97, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market cap of $359.46 million, a P/E ratio of 9.28 and a beta of 1.76. The business’s fifty day moving average price is $4.29.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last posted its quarterly earnings results on Friday, May 10th. The oil and gas company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.30. The company had revenue of $851.30 million during the quarter, compared to analysts’ expectations of $658.18 million. Calumet Specialty Products Partners, L.P had a positive return on equity of 73.33% and a negative net margin of 0.93%. Sell-side analysts anticipate that Calumet Specialty Products Partners, L.P will post 0.38 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CLMT. Stifel Financial Corp purchased a new stake in Calumet Specialty Products Partners, L.P in the 4th quarter valued at about $34,000. Janney Montgomery Scott LLC purchased a new stake in Calumet Specialty Products Partners, L.P in the 1st quarter valued at about $37,000. Mercer Global Advisors Inc. ADV purchased a new stake in Calumet Specialty Products Partners, L.P in the 1st quarter valued at about $47,000. Independent Advisor Alliance acquired a new position in shares of Calumet Specialty Products Partners, L.P in the 1st quarter valued at about $75,000. Finally, Fiera Capital Corp acquired a new position in shares of Calumet Specialty Products Partners, L.P in the 1st quarter valued at about $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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