Research Analysts Offer Predictions for CLMT Q1 Earnings

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) – HC Wainwright issued their Q1 2025 earnings estimates for Calumet Specialty Products Partners in a report issued on Monday, January 13th. HC Wainwright analyst A. Dayal forecasts that the oil and gas company will earn ($0.34) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $33.00 target price on the stock. The consensus estimate for Calumet Specialty Products Partners’ current full-year earnings is ($2.87) per share. HC Wainwright also issued estimates for Calumet Specialty Products Partners’ Q2 2025 earnings at ($0.38) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at $1.88 EPS, FY2025 earnings at $1.04 EPS, FY2026 earnings at $2.66 EPS, FY2027 earnings at $3.10 EPS and FY2028 earnings at $3.35 EPS.

Several other brokerages also recently weighed in on CLMT. StockNews.com upgraded Calumet Specialty Products Partners to a “sell” rating in a report on Monday, November 18th. Wells Fargo & Company upped their target price on shares of Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, TD Cowen reduced their target price 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.75.

Calumet Specialty Products Partners Trading Down 4.1 %

Shares of NASDAQ CLMT opened at $18.16 on Thursday. The stock has a market cap of $1.56 billion, a P/E ratio of -6.58 and a beta of 1.90. The business’s fifty day simple moving average is $21.37 and its 200-day simple moving average is $18.77. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, November 8th. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.59). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $888.36 million. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS.

Insider Transactions at Calumet Specialty Products Partners

In related news, Director Jennifer Straumins sold 37,861 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total value of $810,982.62. Following the transaction, the director now directly owns 1,184,589 shares of the company’s stock, valued at $25,373,896.38. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.91% of the company’s stock.

Institutional Investors Weigh In On Calumet Specialty Products Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. DRW Securities LLC acquired a new stake in shares of Calumet Specialty Products Partners during the second quarter worth about $898,000. Creative Planning grew its stake in Calumet Specialty Products Partners by 46.4% during the 2nd quarter. Creative Planning now owns 62,459 shares of the oil and gas company’s stock worth $1,002,000 after buying an additional 19,800 shares during the last quarter. Finally, Founders Financial Alliance LLC grew its stake in Calumet Specialty Products Partners by 8.4% during the 2nd quarter. Founders Financial Alliance LLC now owns 48,400 shares of the oil and gas company’s stock worth $777,000 after buying an additional 3,750 shares during the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

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.