NASDAQ:CLMT

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

$16.55

+0.65 (+4.09%)

(As of 05/26/2023 08:46 PM ET)

Compare

Today's Range: $16.00
▼
$16.84
50-Day Range: $15.90
▼
$18.09
52-Week Range: $8.40
▼
$20.50

Volume: 191,400 shs
Average Volume: 95,678 shs
Market Capitalization: $1.32 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.88

Calumet Specialty Products Partners MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 32.2% Upside
$21.88 Price Target
Short Interest: Bearish
0.96% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.07
Based on 3 Articles This Week
Insider Trading: Selling Shares
$217,492 Sold Last Quarter
Proj. Earnings Growth: 98.04%
From $1.02 to $2.02 Per Share

Overall MarketRank^™

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

2.32 out of 5 stars

Oils/Energy Sector

138th out of 249 stocks

Petroleum Refining Industry

13th out of 18 stocks

3.4

Analyst's Opinion

Consensus Rating
Calumet Specialty Products Partners has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.88, Calumet Specialty Products Partners has a forecasted upside of 32.2% from its current price of $16.55.
Amount of Analyst Coverage
Calumet Specialty Products Partners has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.96% of the float of Calumet Specialty Products Partners has been sold short.
Short Interest Ratio / Days to Cover
Calumet Specialty Products Partners has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in Calumet Specialty Products Partners has recently increased by 2.70%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Calumet Specialty Products Partners does not currently pay a dividend.
Dividend Growth
Calumet Specialty Products Partners does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLMT.

3.4

News and Social Media Coverage

News Sentiment
Calumet Specialty Products Partners has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Calumet Specialty Products Partners this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for CLMT on MarketBeat in the last 30 days.
MarketBeat Follows
Only 5 people have added Calumet Specialty Products Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calumet Specialty Products Partners insiders have sold 166.69% more of their company's stock than they have bought. Specifically, they have bought $81,552.00 in company stock and sold $217,492.00 in company stock.
Percentage Held by Insiders
Only 2.91% of the stock of Calumet Specialty Products Partners is held by insiders.
Percentage Held by Institutions
Only 21.05% of the stock of Calumet Specialty Products Partners is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Calumet Specialty Products Partners are expected to grow by 98.04% in the coming year, from $1.02 to $2.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calumet Specialty Products Partners is -32.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calumet Specialty Products Partners is -32.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Calumet Specialty Products Partners (NASDAQ:CLMT) Stock

Calumet Specialty Products Partners LP engages in the production of specialty hydrocarbon products. It operates through the following segments: Specialty Products, Fuel Products and Corporate. The Specialty Products segment produces lubricating oils, solvents, waxes, synthetic lubricants and other products. The Fuel Products segment is involved in the processing of crude oil into fuel and fuel-related products, including unleaded gasoline, diesel, and jet fuel, asphalt and other products. The Corporate segment consists of general and administrative expenses not allocated to the specialty products or fuel products segments. The company was founded on September 27, 2005 and is headquartered in Indianapolis, IN.

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CLMT Stock News Headlines

May 21, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Calumet Specialty Products Partners (NASDAQ:CLMT)

May 17, 2023 | americanbankingnews.com

UBS Group Increases Calumet Specialty Products Partners (NASDAQ:CLMT) Price Target to $19.50

May 29, 2023 | Stocks To Trade (Ad)

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May 15, 2023 | msn.com

UBS Maintains Calumet Specialty Products Partners L.P. - Unit (CLMT) Neutral Recommendation

May 12, 2023 | americanbankingnews.com

Equities Analysts Issue Forecasts for Calumet Specialty Products Partners, L.P.'s Q2 2023 Earnings (NASDAQ:CLMT)

May 11, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Cut by HC Wainwright

May 9, 2023 | americanbankingnews.com

Calumet Specialty Products Partners (NASDAQ:CLMT) Upgraded to Hold at StockNews.com

May 8, 2023 | msn.com

Wells Fargo Maintains Calumet Specialty Products Partners L.P. - Unit (CLMT) Overweight Recommendation

May 29, 2023 | Stocks To Trade (Ad)

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May 8, 2023 | msn.com

TD Cowen Maintains Calumet Specialty Products Partners L.P. - Unit (CLMT) Outperform Recommendation

May 8, 2023 | markets.businessinsider.com

Wells Fargo Keeps Their Buy Rating on Calumet Specialty Products (CLMT)

May 7, 2023 | americanbankingnews.com

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Receives $20.93 Consensus PT from Analysts

May 6, 2023 | markets.businessinsider.com

What Wall Street expects from Calumet Specialty Products Partners LPPartnership Units's earnings

May 5, 2023 | msn.com

Why Calumet Specialty Products Shares Are Jumping Today

May 5, 2023 | seekingalpha.com

Calumet Specialty Products Partners, L.P. 2023 Q1 - Results - Earnings Call Presentation

May 5, 2023 | finance.yahoo.com

Calumet Specialty Products Partners, L.P. Reports First Quarter 2023 Results

May 4, 2023 | msn.com

Unusual Call Option Trade in Calumet Specialty Products Partners L.P. - Unit (CLMT) Worth $165.04K

May 3, 2023 | americanbankingnews.com

Calumet Specialty Products Partners (CLMT) to Release Quarterly Earnings on Friday

May 1, 2023 | msn.com

4 Refining & Marketing MLP Stocks That Should be on Investors' Radar

April 29, 2023 | americanbankingnews.com

HC Wainwright Research Analysts Reduce Earnings Estimates for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

April 28, 2023 | americanbankingnews.com

Q1 2023 EPS Estimates for Calumet Specialty Products Partners, L.P. Decreased by Analyst (NASDAQ:CLMT)

April 25, 2023 | markets.businessinsider.com

Calumet Specialty Products (CLMT) Receives a Rating Update from a Top Analyst

April 25, 2023 | finance.yahoo.com

Calumet Reaches Milestone of Largest Sustainable Aviation Fuel Producer in North America; Enters Full Operations at Montana Renewables; Arranges Bridge Financing

April 24, 2023 | finance.yahoo.com

Calumet To Announce First Quarter 2023 Earnings on May 5, 2023

April 24, 2023 | seekingalpha.com

Calumet Specialty Products: Large Potential Opportunity

April 18, 2023 | finance.yahoo.com

Calumet Announces Achievement of Key Operational Milestones at Montana Renewables

April 16, 2023 | americanbankingnews.com

Calumet Specialty Products Partners (NASDAQ:CLMT) Stock Price Crosses Above Two Hundred Day Moving Average of $16.80

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CLMT Company Calendar

Last Earnings: 3/15/2023
Today: 5/28/2023
Next Earnings (Estimated): 8/04/2023
Fiscal Year End: 12/31/2023

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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: $21.88
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $19.50
Forecasted Upside/Downside: +32.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.51)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 16.23
P/E Growth: N/A
Net Income: $-165,100,000.00
Net Margins: -0.90%
Pretax Margin: -1.17%
Return on Equity: -14.95%
Return on Assets: 2.88%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.63
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: $4.69 billion
Price / Sales: 0.28
Cash Flow: $1.48 per share
Price / Cash Flow: 11.17
Book Value: ($6.59) per share
Price / Book: -2.51

Miscellaneous

Outstanding Shares: 79,960,000
Free Float: 77,631,000
Market Cap: $1.32 billion
Optionable: Optionable
Beta: 2.03

Social Links

Key Executives

Louis Todd Borgmann
Chief Executive Officer

Vincent Donargo
Chief Financial Officer & Executive Vice President

Gregory J. Morical
Secretary, Vice President & General Counsel

Bruce A. Fleming
EVP-Montana Renewables & Corporate Development

Scott Obermeier
Executive VP-Specialties

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?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calumet Specialty Products Partners in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CLMT shares.
View CLMT analyst ratings or view top-rated stocks.
What is Calumet Specialty Products Partners' stock price forecast for 2023?: 4 analysts have issued 1-year price targets for Calumet Specialty Products Partners' stock. Their CLMT share price forecasts range from $19.50 to $25.00. On average, they anticipate the company's stock price to reach $21.88 in the next twelve months. This suggests a possible upside of 32.2% 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 decreased by 2.0% and is now trading at $16.55.
View the best growth stocks for 2023 here.
When is Calumet Specialty Products Partners' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our CLMT earnings forecast.
How were Calumet Specialty Products Partners' earnings last quarter?: Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) posted its earnings results on Wednesday, March, 15th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.17. The oil and gas company earned $999.80 million during the quarter, compared to analyst estimates of $984.85 million. Calumet Specialty Products Partners had a negative net margin of 0.90% and a negative trailing twelve-month return on equity of 14.95%.
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."
Who are Calumet Specialty Products Partners' major shareholders?: Calumet Specialty Products Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), FMR LLC (0.77%), Raymond James & Associates (0.37%), Springhouse Capital Management LP (0.18%), LPL Financial LLC (0.18%) and Column Capital Advisors LLC (0.08%). Insiders that own company stock include Daniel J Sajkowski, James S Carter, Louis Todd Borgmann, Ryan Willman, Scott Obermeier and Stephen P Mawer.
View institutional ownership trends.
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 $16.55.
How much money does Calumet Specialty Products Partners make?: Calumet Specialty Products Partners (NASDAQ:CLMT) has a market capitalization of $1.32 billion and generates $4.69 billion in revenue each year. The oil and gas company earns $-165,100,000.00 in net income (profit) each year or ($0.51) 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 5/29/2023 by MarketBeat.com Staff

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