NASDAQ:CLMTCalumet Specialty Products Partners, L.P Stock Price, Forecast & News

$2.70

+0.13 (+5.06 %)

(As of 06/1/2020 12:15 PM ET)

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Today's Range

$2.67

Now: $2.70▼

$2.72

50-Day Range

$1.09

MA: $1.93▼

$2.69

52-Week Range

$0.82

Now: $2.70▼

$5.00

Volume2,450 shs

Average Volume212,914 shs

Market Capitalization$210.49 million

P/E RatioN/A

Dividend YieldN/A

Beta3.19

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods. The Fuel Products segment provides fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt, and heavy fuel oils, as well as resells purchased crude oil to third party customers. 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.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Calumet Specialty Products Partners, L.P has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.00, Calumet Specialty Products Partners, L.P has a potential downside of 63.0% from its current price of $2.70.
Amount of Analyst Coverage
Calumet Specialty Products Partners, L.P has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Calumet Specialty Products Partners, L.P has received 285 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Calumet Specialty Products Partners, L.P has received 483 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Calumet Specialty Products Partners, L.P has received 62.89% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Calumet Specialty Products Partners, L.P and other stocks. Vote “Outperform” if you believe CLMT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CLMT will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Calumet Specialty Products Partners, L.P does not currently pay a dividend.
Dividend Growth
Calumet Specialty Products Partners, L.P has been increasing its dividend for 9 years.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calumet Specialty Products Partners, L.P insiders have bought more of their company's stock than they have sold. Specifically, they have bought $33,115.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.75% of the stock of Calumet Specialty Products Partners, L.P is held by insiders.
Percentage Held by Institutions
Only 15.33% of the stock of Calumet Specialty Products Partners, L.P is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Calumet Specialty Products Partners, L.P are expected to grow in the coming year, from ($1.23) to ($0.30) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calumet Specialty Products Partners, L.P is -2.90, 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, L.P is -2.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Calumet Specialty Products Partners, L.P has a P/B Ratio of 22.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.47 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Petroleum refining

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNASDAQ:CLMT

Previous Symbol

CUSIPN/A

CIK1340122

Webwww.calumetspecialty.com

Phone317-328-5660

Debt

Debt-to-Equity Ratio129.43

Current Ratio1.24

Quick Ratio0.74

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.45 billion

Price / Sales0.06

Cash Flow$1.16 per share

Price / Cash Flow2.32

Book Value$0.12 per share

Price / Book22.50

Profitability

EPS (Most Recent Fiscal Year)($0.55)

Net Income$-43,600,000.00

Net Margins-2.26%

Return on Equity-107.75%

Return on Assets-1.45%

Miscellaneous

Employees1,500

Outstanding Shares77,960,000

Market Cap$210.49 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Frequently Asked Questions

How has Calumet Specialty Products Partners, L.P's stock been impacted by COVID-19 (Coronavirus)?

Calumet Specialty Products Partners, L.P's stock was trading at $2.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CLMT stock has increased by 21.1% and is now trading at $2.70. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Calumet Specialty Products Partners, L.P?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calumet Specialty Products Partners, L.P in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Calumet Specialty Products Partners, L.P.

When is Calumet Specialty Products Partners, L.P's next earnings date?

Calumet Specialty Products Partners, L.P is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Calumet Specialty Products Partners, L.P.

How were Calumet Specialty Products Partners, L.P's earnings last quarter?

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) posted its quarterly earnings results on Thursday, May, 7th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.45. The oil and gas company earned $692.60 million during the quarter, compared to the consensus estimate of $785.30 million. Calumet Specialty Products Partners, L.P had a negative net margin of 2.26% and a negative return on equity of 107.75%. View Calumet Specialty Products Partners, L.P's earnings history.

What price target have analysts set for CLMT?

2 brokerages have issued 1-year price objectives for Calumet Specialty Products Partners, L.P's shares. Their forecasts range from $1.00 to $1.00. On average, they expect Calumet Specialty Products Partners, L.P's share price to reach $1.00 in the next year. This suggests that the stock has a possible downside of 63.0%. View analysts' price targets for Calumet Specialty Products Partners, L.P.

Has Calumet Specialty Products Partners, L.P been receiving favorable news coverage?

News articles about CLMT stock have trended somewhat positive on Monday, according to InfoTrie. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Calumet Specialty Products Partners, L.P earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave news headlines about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCalumet Specialty Products Partners, L.P.

Are investors shorting Calumet Specialty Products Partners, L.P?

Calumet Specialty Products Partners, L.P saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 767,200 shares, a decline of 11.3% from the April 30th total of 864,500 shares. Based on an average daily volume of 347,900 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the shares of the stock are sold short. View Calumet Specialty Products Partners, L.P's Current Options Chain.

Who are some of Calumet Specialty Products Partners, L.P's key competitors?

Some companies that are related to Calumet Specialty Products Partners, L.P include Exxon Mobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.B), BP (BP), China Petroleum & Chemical (SNP), Equinor ASA (EQNR), ConocoPhillips (COP), Phillips 66 (PSX), Valero Energy (VLO), Suncor Energy (SU), Marathon Petroleum (MPC), Repsol (REPYY), Hess (HES), HollyFrontier (HFC) and CVR Energy (CVI). View all competitors.

What other stocks do shareholders of Calumet Specialty Products Partners, L.P own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Calumet Specialty Products Partners, L.P 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).

Who are Calumet Specialty Products Partners, L.P's key executives?

Calumet Specialty Products Partners, L.P's management team includes the following people:

Mr. Timothy Go, Chief Exec. Officer of Calumet GP, LLC (Age 52)
Mr. F. William Grube, Exec. Vice Chairman of Calumet GP, LLC (Age 71)
Mr. David West Griffin, Exec. VP & CFO of Calumet GP, LLC (Age 58)
Mr. William A. Anderson, Exec. VP of Sales - Calumet GP LLC (Age 51)
Mr. Bruce A. Fleming, Exec. VP of Strategy & Growth - Calumet GP, LLC (Age 62)

What is Calumet Specialty Products Partners, L.P's stock symbol?

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

Who are Calumet Specialty Products Partners, L.P's major shareholders?

Calumet Specialty Products Partners, L.P's stock is owned by many different institutional and retail investors. Top institutional shareholders include Adams Asset Advisors LLC (5.57%), Adams Asset Advisors LLC (5.24%), Morgan Stanley (0.73%), Barnett & Company Inc. (0.50%), Windsor Group LTD (0.26%) and Wells Fargo & Company MN (0.16%). Company insiders that own Calumet Specialty Products Partners, L.P stock include A Anderson William, David West Griffin, H Keith Jennings and Timothy Go. View institutional ownership trends for Calumet Specialty Products Partners, L.P.

Which institutional investors are selling Calumet Specialty Products Partners, L.P stock?

CLMT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Adams Asset Advisors LLC, Barnett & Company Inc., Wells Fargo & Company MN, Creative Planning, and UBS Group AG. View insider buying and selling activity for Calumet Specialty Products Partners, L.P.

Which institutional investors are buying Calumet Specialty Products Partners, L.P stock?

CLMT stock was purchased by a variety of institutional investors in the last quarter, including Adams Asset Advisors LLC, and Windsor Group LTD. Company insiders that have bought Calumet Specialty Products Partners, L.P stock in the last two years include A Anderson William, David West Griffin, H Keith Jennings, and Timothy Go. View insider buying and selling activity for Calumet Specialty Products Partners, L.P.

How do I buy shares of Calumet Specialty Products Partners, L.P?

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

What is Calumet Specialty Products Partners, L.P's stock price today?

One share of CLMT stock can currently be purchased for approximately $2.70.

How big of a company is Calumet Specialty Products Partners, L.P?

Calumet Specialty Products Partners, L.P has a market capitalization of $210.49 million and generates $3.45 billion in revenue each year. The oil and gas company earns $-43,600,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis. Calumet Specialty Products Partners, L.P employs 1,500 workers across the globe.

What is Calumet Specialty Products Partners, L.P's official website?

The official website for Calumet Specialty Products Partners, L.P is www.calumetspecialty.com.

How can I contact Calumet Specialty Products Partners, L.P?

Calumet Specialty Products Partners, L.P's mailing address is 2780 WATERFRONT PARKWAY EAST DRIVE SUITE 200, INDIANAPOLIS IN, 46214. The oil and gas company can be reached via phone at 317-328-5660 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff