FY2026 Earnings Estimate for Calumet Issued By HC Wainwright

Key Points

• HC Wainwright sharply raised its FY2026 EPS estimate for Calumet to $3.01 from $0.17, and maintained a Buy rating with a $75 price target. Its estimates include $0.60 EPS for Q4 2026 and $2.06 for FY2027.
• Calumet reported quarterly EPS of $2.91, beating the $1.63 consensus, while revenue of $1.68 billion exceeded estimates and rose 56.1% year over year.
• Analyst sentiment overall remains mixed: MarketBeat reports a consensus Hold rating and a $54.75 target price. Shares were down 3.2% in Wednesday trading.

Calumet, Inc. (NASDAQ:CLMT - Free Report) - Investment analysts at HC Wainwright upped their FY2026 earnings per share estimates for shares of Calumet in a research report issued to clients and investors on Monday, November 9th. HC Wainwright analyst A. Dayal now expects that the oil and gas company will post earnings of $3.01 per share for the year, up from their prior forecast of $0.17. HC Wainwright currently has a "Buy" rating and a $75.00 price target on the stock. The consensus estimate for Calumet's current full-year earnings is $1.67 per share. HC Wainwright also issued estimates for Calumet's Q4 2026 earnings at $0.60 EPS and FY2027 earnings at $2.06 EPS.

Other analysts have also issued reports about the stock. UBS Group upped their price objective on shares of Calumet from $26.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. TD Cowen lifted their target price on shares of Calumet from $34.00 to $40.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $57.00 target price on shares of Calumet in a research report on Wednesday, October 21st. Zacks Research lowered shares of Calumet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 3rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Calumet in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $54.75.

Calumet Trading Down 3.2%

Shares of CLMT opened at $34.91 on Wednesday. The business's 50-day moving average price is $52.89 and its 200 day moving average price is $39.14. The stock has a market capitalization of $3.07 billion, a P/E ratio of -15.52, a P/E/G ratio of 0.44 and a beta of 0.65. Calumet has a 1-year low of $17.85 and a 1-year high of $59.87.

Calumet (NASDAQ:CLMT - Get Free Report) last announced its earnings results on Friday, November 6th. The oil and gas company reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $1.28. Calumet had a negative return on equity of 32.93% and a negative net margin of 3.73%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $3.61 earnings per share. Calumet's revenue for the quarter was up 56.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Two Seas Capital LP purchased a new stake in Calumet in the 2nd quarter worth about $238,442,000. BlackRock Inc. grew its stake in Calumet by 5.1% during the 2nd quarter. BlackRock Inc. now owns 5,234,106 shares of the oil and gas company's stock valued at $188,532,000 after acquiring an additional 253,578 shares in the last quarter. State Street Corp grew its stake in Calumet by 12.7% during the 2nd quarter. State Street Corp now owns 3,471,065 shares of the oil and gas company's stock valued at $125,028,000 after acquiring an additional 390,906 shares in the last quarter. Bank of America Corp DE grew its stake in Calumet by 65.1% during the 1st quarter. Bank of America Corp DE now owns 1,153,744 shares of the oil and gas company's stock valued at $41,419,000 after acquiring an additional 454,985 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Calumet in the 1st quarter valued at about $14,066,000. 34.41% of the stock is owned by institutional investors and hedge funds.

Calumet Company Profile

Calumet, Inc. is a U.S.-based producer of specialty hydrocarbon products, renewable fuels and conventional fuels. Its products serve customers in industries such as manufacturing, transportation, energy and consumer goods. The company's specialty products include lubricating oils, solvents, waxes, petrolatums and asphalt. It also produces gasoline, diesel and other fuels, and through its Montana Renewables business makes lower-carbon fuels, including sustainable aviation fuel and renewable diesel.

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