Q1 Earnings Estimate for CLMT Issued By HC Wainwright

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) – Equities research analysts at HC Wainwright lowered their Q1 2025 earnings per share (EPS) estimates for shares of Calumet Specialty Products Partners in a research note issued to investors on Monday, March 3rd. HC Wainwright analyst A. Dayal now anticipates that the oil and gas company will post earnings of ($0.43) per share for the quarter, down from their prior estimate of ($0.34). HC Wainwright has a “Buy” rating and a $33.00 price objective on the stock. The consensus estimate for Calumet Specialty Products Partners’ current full-year earnings is ($3.02) per share. HC Wainwright also issued estimates for Calumet Specialty Products Partners’ Q2 2025 earnings at ($0.34) EPS, Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($1.04) EPS, FY2026 earnings at $0.14 EPS, FY2027 earnings at $1.11 EPS, FY2028 earnings at $2.06 EPS and FY2029 earnings at $2.58 EPS.

Other research analysts have also issued reports about the stock. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and dropped their price target for the company from $20.50 to $15.00 in a research report on Tuesday, February 4th. TD Cowen cut shares of Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and dropped their target price for the stock from $26.00 to $16.00 in a research report on Tuesday. StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a report on Monday, November 18th. Finally, Wells Fargo & Company decreased their price target on Calumet Specialty Products Partners from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Calumet Specialty Products Partners presently has an average rating of “Hold” and an average price target of $21.40.

Calumet Specialty Products Partners Price Performance

CLMT opened at $12.98 on Wednesday. Calumet Specialty Products Partners has a 1 year low of $9.97 and a 1 year high of $25.29. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.70 and a beta of 1.88. The firm’s fifty day moving average price is $17.83 and its two-hundred day moving average price is $19.20.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.06) by $0.59. The company had revenue of $949.50 million for the quarter, compared to analysts’ expectations of $921.76 million. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.59) EPS.

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 company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total transaction of $810,982.62. Following the sale, the director now directly owns 1,184,589 shares of the company’s stock, valued at $25,373,896.38. This represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David Lunin bought 2,500 shares of Calumet Specialty Products Partners stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $13.05 per share, with a total value of $32,625.00. Following the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $32,625. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.91% of the company’s stock.

About Calumet Specialty Products Partners

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.