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NASDAQ:CLMT

Calumet Specialty Products Partners (CLMT) Stock Forecast, Price & News

$18.26
-0.74 (-3.89%)
(As of 10/3/2023 ET)
Compare
Today's Range
$18.22
$19.00
50-Day Range
$15.56
$19.70
52-Week Range
$12.50
$20.50
Volume
65,731 shs
Average Volume
88,664 shs
Market Capitalization
$1.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.25

Calumet Specialty Products Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
21.9% Upside
$22.25 Price Target
Short Interest
Healthy
0.48% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6,350.00%
From $0.02 to $1.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Oils/Energy Sector

164th out of 244 stocks

Petroleum Refining Industry

10th out of 17 stocks


CLMT stock logo

About Calumet Specialty Products Partners (NASDAQ:CLMT) Stock

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstocks into renewable diesel, sustainable aviation fuel, renewable hydrogen, renewable natural gas, renewable propane, and renewable naphtha. This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. Its Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana.

CLMT Price History

CLMT Stock News Headlines

Montana Renewables Receives First Camelina Oil
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Calumet Specialty: Not An Appropriate Time To Enter
Calumet Specialty Products Shares Slip After Missing Q2 Estimates
CLMT - Calumet Specialty Products Partners, L.P.
4 Refining & Marketing MLP Stocks on Solid Ground
Calumet Provides Second Quarter Operational Update
The Latest Analyst Ratings for Calumet Specialty Prods
See More Headlines
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CLMT Company Calendar

Last Earnings
8/04/2023
Today
10/03/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
N/A
Current Symbol
NASDAQ:CLMT
Employees
1,530
Year Founded
1916

Price Target and Rating

Average Stock Price Forecast
$22.25
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$19.50
Forecasted Upside/Downside
+21.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-165,100,000.00
Pretax Margin
-1.50%

Debt

Sales & Book Value

Annual Sales
$4.22 billion
Cash Flow
$1.42 per share
Book Value
($6.80) per share

Miscellaneous

Free Float
77,631,000
Market Cap
$1.46 billion
Optionable
Optionable
Beta
1.94

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Key Executives

  • Mr. Louis Todd Borgmann (Age 40)
    CEO of Calumet GP, LLC
    Comp: $1.87M
  • Mr. Vincent Donargo (Age 62)
    Exec. VP & CFO
    Comp: $1.11M
  • Mr. Gregory J. Morical (Age 54)
    VP, Gen. Counsel & Sec.
    Comp: $765.33k
  • Mr. Bruce A. Fleming (Age 66)
    Exec. VP of Montana Renewables & Corp. Devel. of Calumet GP, LLC
    Comp: $1.48M
  • Mr. Scott Obermeier (Age 49)
    Exec. VP of Specialties of Calumet GP, LLC
    Comp: $1.03M
  • Mr. Ryan A. Willman (Age 45)
    Chief Accounting Officer & Principal Accounting Officer of Calumet GP, LLC
  • Brad McMurray
    Director of Investor Relations
  • Mr. Marc Lawn (Age 49)
    Exec. VP of Sustainable Products & Strategy of Calumet GP, LLC
  • Mr. David Lunin
    Exec. VP
  • Mr. Chris Hodges
    Alpha IR













CLMT Stock - Frequently Asked Questions

Should I buy or sell Calumet Specialty Products Partners stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Calumet Specialty Products Partners in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CLMT shares.
View CLMT analyst ratings
or view top-rated stocks.

What is Calumet Specialty Products Partners' stock price forecast for 2023?

2 brokers have issued 12-month target prices for Calumet Specialty Products Partners' stock. Their CLMT share price forecasts range from $19.50 to $25.00. On average, they expect the company's share price to reach $22.25 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for CLMT
or view top-rated stocks among Wall Street analysts.

How have CLMT shares performed in 2023?

Calumet Specialty Products Partners' stock was trading at $16.88 at the beginning of the year. Since then, CLMT stock has increased by 8.2% and is now trading at $18.26.
View the best growth stocks for 2023 here
.

Are investors shorting Calumet Specialty Products Partners?

Calumet Specialty Products Partners saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 274,300 shares, a decline of 16.2% from the August 31st total of 327,200 shares. Based on an average trading volume of 75,400 shares, the short-interest ratio is currently 3.6 days. Approximately 0.5% of the company's stock are sold short.
View Calumet Specialty Products Partners' Short Interest
.

When is Calumet Specialty Products Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CLMT earnings forecast
.

How were Calumet Specialty Products Partners' earnings last quarter?

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) issued its quarterly earnings data on Friday, August, 4th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.12. The oil and gas company earned $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. Calumet Specialty Products Partners had a negative trailing twelve-month return on equity of 4.22% and a negative net margin of 1.06%.

Is Calumet Specialty Products Partners a good dividend stock?

Calumet Specialty Products Partners (NASDAQ:CLMT) pays an annual dividend of $2.74 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for CLMT.

What is Tim Go's approval rating as Calumet Specialty Products Partners' CEO?

18 employees have rated Calumet Specialty Products Partners Chief Executive Officer Tim Go on Glassdoor.com. Tim Go has an approval rating of 42% among the company's employees. This puts Tim Go in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Calumet Specialty Products Partners own?
What is Calumet Specialty Products Partners' stock symbol?

Calumet Specialty Products Partners trades on the NASDAQ under the ticker symbol "CLMT."

How do I buy shares of Calumet Specialty Products Partners?

Shares of CLMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Calumet Specialty Products Partners' stock price today?

One share of CLMT stock can currently be purchased for approximately $18.26.

How much money does Calumet Specialty Products Partners make?

Calumet Specialty Products Partners (NASDAQ:CLMT) has a market capitalization of $1.46 billion and generates $4.22 billion in revenue each year. The oil and gas company earns $-165,100,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

How many employees does Calumet Specialty Products Partners have?

The company employs 1,530 workers across the globe.

Does Calumet Specialty Products Partners have any subsidiaries?
The following companies are subsidiares of Calumet Specialty Products Partners: Anchor Drilling Fluids USA, Bel-Ray, Bel-Ray Company LLC, Bel-Ray Company Pty Limited, Biosynthetic Technologies, Calumet Africa Proprietary Limited, Calumet Branded Products LLC, Calumet Cotton Valley Refining LLC, Calumet Dickinson Refining LLC, Calumet Finance Corp., Calumet International Inc., Calumet Karns City Refining LLC, Calumet Mexico LLC, Calumet Missouri LLC, Calumet Montana Refining LLC, Calumet Operating LLC, Calumet Princeton Refining LLC, Calumet Refining LLC, Calumet San Antonio Refining LLC, Calumet Shreveport Refining LLC, Calumet Specialty Oils de Mexico S. de R.L. de C.V., Calumet Specialty Products Canada ULC, Kurlin Company LLC, Montana Renewables, Penreco, Royal Purple, Specialty Oil Field Solutions, TruSouth Oil, and United Petroleum Company.
Read More
How can I contact Calumet Specialty Products Partners?

Calumet Specialty Products Partners' mailing address is 2780 WATERFRONT PARKWAY EAST DRIVE SUITE 200, INDIANAPOLIS IN, 46214. The official website for the company is www.calumetspecialty.com. The oil and gas company can be reached via phone at (317) 328-5660, via email at investorrelations@clmt.com, or via fax at 317-328-2359.

This page (NASDAQ:CLMT) was last updated on 10/3/2023 by MarketBeat.com Staff

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