Calumet Specialty Products Partners (CLMT) Projected to Post Quarterly Earnings on Friday

Calumet Specialty Products Partners (NASDAQ:CLMT) is expected to be issuing its quarterly earnings data before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($1.06) per share and revenue of $921.76 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Calumet Specialty Products Partners Stock Up 0.2 %

NASDAQ CLMT opened at $15.50 on Friday. The company’s 50 day moving average is $18.80 and its 200-day moving average is $19.09. The firm has a market cap of $1.33 billion, a P/E ratio of -5.62 and a beta of 1.88. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLMT. StockNews.com upgraded Calumet Specialty Products Partners to a “sell” rating in a research report on Monday, November 18th. UBS Group lowered shares of Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $20.50 to $15.00 in a report on Tuesday, February 4th. HC Wainwright reaffirmed a “buy” rating and set a $33.00 target price on shares of Calumet Specialty Products Partners in a report on Wednesday, February 12th. Finally, TD Cowen decreased 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 research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.60.

Insider Transactions at Calumet Specialty Products Partners

In other 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 in the company, valued at approximately $25,373,896.38. This represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.