Calumet Specialty Products Partners' (CLMT) Buy Rating Reaffirmed at HC Wainwright

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report)'s stock had its "buy" rating reiterated by HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $33.00 target price on the oil and gas company's stock. HC Wainwright's price objective points to a potential upside of 165.06% from the stock's previous close. HC Wainwright also issued estimates for Calumet Specialty Products Partners' Q1 2025 earnings at ($0.43) EPS, 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.

Several other research analysts have also recently commented on CLMT. UBS Group cut shares of Calumet Specialty Products Partners from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $20.50 to $15.00 in a research report on Tuesday, February 4th. TD Cowen cut their price objective on shares of Calumet Specialty Products Partners from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Calumet Specialty Products Partners to a "sell" rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.40.

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Calumet Specialty Products Partners Trading Down 4.1 %

NASDAQ CLMT traded down $0.53 during mid-day trading on Monday, reaching $12.45. 975,156 shares of the company's stock traded hands, compared to its average volume of 1,455,910. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -4.51 and a beta of 1.88. The company has a fifty day simple moving average of $17.68 and a 200-day simple moving average of $19.15. Calumet Specialty Products Partners has a 1-year low of $9.97 and a 1-year high of $25.29.

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share for the quarter, beating analysts' consensus estimates of ($1.06) by $0.59. The firm had revenue of $949.50 million during the quarter, compared to the consensus estimate of $921.76 million. Calumet Specialty Products Partners's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.59) earnings per share. Equities research analysts forecast that Calumet Specialty Products Partners will post -3.02 earnings per share for the current fiscal year.

Insider Activity

In other Calumet Specialty Products Partners news, CFO David Lunin bought 2,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $13.05 per share, with a total value of $32,625.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares of the company's stock, valued at approximately $32,625. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Straumins sold 37,861 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $21.42, for a total transaction of $810,982.62. Following the transaction, the director now owns 1,184,589 shares in the company, valued at $25,373,896.38. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. 2.91% of the stock is owned by company insiders.

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.