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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
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

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

See Top Rated MarketRank™ Stocks Here

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

September 26, 2023 | americanbankingnews.com
Calumet Specialty Products Partners (NASDAQ:CLMT) Stock Passes Above 200 Day Moving Average of $16.88
September 18, 2023 | finance.yahoo.com
Montana Renewables Receives First Camelina Oil
October 3, 2023 | Behind the Markets (Ad)
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September 13, 2023 | finance.yahoo.com
Calumet CFO Vince Donargo to retire in April 2024, David Lunin joins as CFO Designate
September 8, 2023 | finance.yahoo.com
Calumet Specialty Products Partners LP (CLMT): An In-Depth Look at Its Significant Overvaluation
August 31, 2023 | finance.yahoo.com
Calumet says leak at Montana hydrogen plant to impact throughput
August 31, 2023 | finance.yahoo.com
Calumet Provides Operational Update for Montana Renewables LLC
August 30, 2023 | benzinga.com
Calumet to Attend Barclays CEO Energy - Power Conference
October 3, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
August 26, 2023 | seekingalpha.com
Wayne Gretzky Investing: Modeling Calumet Specialty Products
August 26, 2023 | seekingalpha.com
Calumet Specialty: Not An Appropriate Time To Enter
August 7, 2023 | msn.com
HC Wainwright & Co. Reiterates Calumet Specialty Products Partners L.P. - Unit (CLMT) Buy Recommendation
August 5, 2023 | finance.yahoo.com
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Q2 2023 Earnings Call Transcript
August 5, 2023 | finance.yahoo.com
Q2 2023 Calumet Specialty Products Partners LP Earnings Call
August 4, 2023 | markets.businessinsider.com
Calumet Specialty Products Shares Slip After Missing Q2 Estimates
August 4, 2023 | finance.yahoo.com
Calumet Specialty Products Partners, L.P. Reports Second Quarter 2023 Results
August 4, 2023 | seekingalpha.com
Calumet Specialty Products Partners, L.P. 2023 Q2 - Results - Earnings Call Presentation
August 3, 2023 | finance.yahoo.com
Montana Renewables Achieves ISCC CORSIA Certification for SAF
July 24, 2023 | finance.yahoo.com
Calumet Specialty Products Partners, L.P. to Release Second Quarter 2023 Results on August 4, 2023
July 22, 2023 | sg.finance.yahoo.com
CLMT - Calumet Specialty Products Partners, L.P.
July 20, 2023 | finance.yahoo.com
4 Refining & Marketing MLP Stocks on Solid Ground
July 18, 2023 | finance.yahoo.com
Why These 7 Stocks Are the Best Ways to Play Oil Right Now
July 10, 2023 | finance.yahoo.com
Calumet Provides Second Quarter Operational Update
June 27, 2023 | finance.yahoo.com
Calumet Specialty Products Partners, L.P. Announces Early Results of Cash Tender Offers for Any and All of its 9.25% Senior Secured First Lien Notes due 2024 and up to $100 Million of its 11.00% Senior Notes due 2025
June 13, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for Calumet Specialty Prods
June 12, 2023 | finance.yahoo.com
Calumet Specialty Products Partners, L.P. Announces Pricing of $325 Million Private Placement of 9.75% Senior Notes due 2028
June 12, 2023 | msn.com
Calumet Specialty Products Partners, L.P. announces $325M private placement of notes
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
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Petroleum refining
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NASDAQ:CLMT
CUSIP
N/A
CIK
1340122
Web
www.calumetspecialty.com
Phone
(317) 328-5660
Fax
317-328-2359
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

EPS (Most Recent Fiscal Year)
($0.55)
Trailing P/E Ratio
N/A
Forward P/E Ratio
913.00
P/E Growth
N/A
Net Income
$-165,100,000.00
Net Margins
-1.06%
Pretax Margin
-1.50%
Return on Equity
-4.22%
Return on Assets
0.81%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.71
Quick Ratio
0.34

Sales & Book Value

Annual Sales
$4.22 billion
Price / Sales
0.35
Cash Flow
$1.42 per share
Price / Cash Flow
12.89
Book Value
($6.80) per share
Price / Book
-2.69

Miscellaneous

Outstanding Shares
79,958,000
Free Float
77,631,000
Market Cap
$1.46 billion
Optionable
Optionable
Beta
1.94

Social Links

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Calumet Specialty Products Partners investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), Two Harbors Investment (TWO), BlackRock Capital Investment (BKCC), NovoCure (NVCR), Summit Midstream Partners (SMLP), Viper Energy Partners (VNOM), Washington Prime Group (WPG), Roper Technologies (ROP) and New Residential Investment (NRZ).

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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