Q1 Earnings Estimate for CLMT Issued By HC Wainwright

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT - Free Report) - Equities researchers at HC Wainwright issued their Q1 2025 earnings per share estimates for Calumet Specialty Products Partners in a research 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 has a "Buy" rating and a $33.00 price target 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.

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The oil and gas company reported ($1.18) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.59). The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $888.36 million. The firm's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share.

A number of other brokerages also recently issued reports on CLMT. StockNews.com raised shares of Calumet Specialty Products Partners to a "sell" rating in a research report on Monday, November 18th. TD Cowen cut their price target on Calumet Specialty Products Partners from $27.00 to $26.00 and set a "buy" rating for the company in a report on Monday, November 11th. Finally, Wells Fargo & Company raised their price objective on 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. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

Calumet Specialty Products Partners Trading Down 4.1 %

CLMT stock traded down $0.77 during midday trading on Thursday, reaching $18.16. 1,257,437 shares of the company's stock traded hands, compared to its average volume of 1,336,194. Calumet Specialty Products Partners has a 52-week low of $9.97 and a 52-week high of $25.29. The stock has a market cap of $1.56 billion, a P/E ratio of -6.58 and a beta of 1.90. The stock's 50-day moving average is $21.37 and its 200 day moving average is $18.77.

Institutional Trading of Calumet Specialty Products Partners

Several institutional investors have recently made changes to their positions in CLMT. DRW Securities LLC purchased a new position in Calumet Specialty Products Partners in the 2nd quarter worth approximately $898,000. Creative Planning lifted its holdings in shares of Calumet Specialty Products Partners by 46.4% in the second 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 in the last quarter. Finally, Founders Financial Alliance LLC boosted its position in shares of Calumet Specialty Products Partners by 8.4% during the second quarter. Founders Financial Alliance LLC now owns 48,400 shares of the oil and gas company's stock worth $777,000 after acquiring an additional 3,750 shares during the last quarter. Hedge funds and other institutional investors own 34.41% of the company's stock.

Insider Activity at Calumet Specialty Products Partners

In other Calumet Specialty Products Partners news, Director Jennifer Straumins sold 37,861 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was 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 trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.91% of the stock is owned by corporate 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.