Calumet Specialty Products Partners (CLMT) to Release Earnings on Friday

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) is projected to post its quarterly earnings results before the market opens on Friday, February 28th. Analysts expect Calumet Specialty Products Partners to post earnings of ($1.06) per share and revenue of $921.76 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Calumet Specialty Products Partners Stock Performance

Shares of CLMT stock traded down $0.59 on Friday, reaching $14.92. The stock had a trading volume of 1,924,218 shares, compared to its average volume of 1,460,965. The stock has a market cap of $1.28 billion, a P/E ratio of -5.40 and a beta of 1.88. Calumet Specialty Products Partners has a 1 year low of $9.97 and a 1 year high of $25.29. The company has a 50 day simple moving average of $18.80 and a 200 day simple moving average of $19.09.

Insider Activity

In other Calumet Specialty Products Partners news, Director Jennifer Straumins sold 37,861 shares of the 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 completion of the transaction, the director now owns 1,184,589 shares of the company's stock, valued at $25,373,896.38. This represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CLMT. HC Wainwright restated a "buy" rating and set a $33.00 price target on shares of Calumet Specialty Products Partners in a research note on Wednesday, February 12th. UBS Group cut shares of Calumet Specialty Products Partners from a "neutral" rating to a "sell" rating and reduced their target price for the company from $20.50 to $15.00 in a report on Tuesday, February 4th. StockNews.com raised shares of Calumet Specialty Products Partners to a "sell" rating in a research report on Monday, November 18th. Finally, TD Cowen decreased their target price on 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. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.60.

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.