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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calumet Specialty Products Partners in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

2 brokerages have issued 12-month price objectives for Calumet Specialty Products Partners' stock. Their CLMT share price targets range from $17.00 to $25.00. On average, they expect the company's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 35.3% 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 2024?

Calumet Specialty Products Partners' stock was trading at $17.87 at the beginning of 2024. Since then, CLMT shares have decreased by 15.2% and is now trading at $15.15. View the best growth stocks for 2024 here .

Are investors shorting Calumet Specialty Products Partners?

Calumet Specialty Products Partners saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 909,000 shares, an increase of 9.5% from the March 15th total of 830,500 shares. Based on an average daily volume of 123,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 1.4% of the shares of the company are short sold. 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 Friday, May 3rd 2024. View our CLMT earnings forecast .

How were Calumet Specialty Products Partners' earnings last quarter?

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) released its quarterly earnings data on Friday, February, 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.40. The oil and gas company earned $976.50 million during the quarter, compared to analysts' expectations of $856.71 million. The company's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share.

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 (VNOM) , Washington Prime Group (WPG) , Roper Technologies (ROP) and New Residential Investment (NRZ) .

Who are Calumet Specialty Products Partners' major shareholders?

Calumet Specialty Products Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Adams Asset Advisors LLC (6.79%) and Future Financial Wealth Managment LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NASDAQ:CLMT

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

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Free CLMT Stock Alerts

$15.15

+0.03 (+0.20%)

(As of 04/18/2024 ET)

Compare

Today's Range: $15.03
▼
$15.39
50-Day Range: $13.80
▼
$17.40
52-Week Range: $11.91
▼
$19.91

Volume: 64,119 shs
Average Volume: 120,359 shs
Market Capitalization: $1.22 billion

P/E Ratio: 19.18
Dividend Yield: N/A
Price Target: $20.50

Get Calumet Specialty Products Partners alerts:

Calumet Specialty Products Partners MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 35.3% Upside
$20.50 Price Target
Short Interest: Bearish
1.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.48
Based on 4 Articles This Week
Insider Trading: Selling Shares
$268,711 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.52) to $1.05 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.70 out of 5 stars

Oils/Energy Sector

159th out of 226 stocks

Petroleum Refining Industry

12th out of 16 stocks

3.5

Analyst's Opinion

Consensus Rating
Calumet Specialty Products Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Calumet Specialty Products Partners has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.40% 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 7.4.
Change versus previous month
Short interest in Calumet Specialty Products Partners has recently increased by 9.45%, indicating that investor sentiment is decreasing significantly.

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.

3.0

News and Social Media Coverage

News Sentiment
Calumet Specialty Products Partners has a news sentiment score of 0.48. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Calumet Specialty Products Partners this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for CLMT on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
3 people have added Calumet Specialty Products Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calumet Specialty Products Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $268,711.00 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 34.41% 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 in the coming year, from ($0.52) to $1.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calumet Specialty Products Partners is 19.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calumet Specialty Products Partners is 19.18, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.16.

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About Calumet Specialty Products Partners Stock (NASDAQ:CLMT)

Calumet Specialty Products Partners, L.P. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Performance brands; Montana/Renewables; and Corporate segments. The Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. Its Montana/Renewables segment focuses on processing renewable feedstocks into renewable diesel, sustainable aviation fuel, renewable hydrogen, renewable natural gas, renewable propane, and renewable naphtha. It also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. The Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. The company serves wholesale distributors and retail chains. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1919 and is headquartered in Indianapolis, Indiana.

CLMT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CLMT Stock News Headlines

April 18, 2024 | finanznachrichten.de

Calumet Specialty Products Partners, L.P.: Calumet Announces First Quarter 2024 Operational Update

April 16, 2024 | prnewswire.com

Calumet Announces First Quarter 2024 Operational Update

April 18, 2024 | Gold Safe Exchange (Ad)

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April 14, 2024 | americanbankingnews.com

Calumet Specialty Products Partners (NASDAQ:CLMT) Receives New Coverage from Analysts at StockNews.com

April 2, 2024 | finance.yahoo.com

Calumet Specialty Products Partners, L.P. (CLMT)

April 1, 2024 | finance.yahoo.com

Calumet Specialty Products Partners, L.P.'s (NASDAQ:CLMT) market cap touched US$1.2b last week, benefiting both retail investors who own 50% as well as institutions

March 27, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Calumet Specialty Products Partners, L.P. - CLMT

March 20, 2024 | seekingalpha.com

Calumet Specialty Products: A First Mover Among The Fuels Of The Future

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 19, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Calumet Specialty Products Partners, L.P. - CLMT

March 18, 2024 | seekingalpha.com

Calumet Specialty Products: Huge Increases In Cash Flows May Be Imminent [Downgrade]

March 17, 2024 | finance.yahoo.com

CLMT Apr 2024 14.000 put

March 17, 2024 | finance.yahoo.com

CLMT Aug 2024 11.000 call

March 17, 2024 | finance.yahoo.com

CLMT Apr 2024 13.000 put

March 14, 2024 | msn.com

World Kinect rises 1% on longer term outlook

March 12, 2024 | prnewswire.com

Calumet Completes Notes Offering

March 12, 2024 | prnewswire.com

Calumet to Attend Barclays Emerging Growth, Climate Technology Company Meetings

March 5, 2024 | finance.yahoo.com

Calumet Specialty Products Partners Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 4, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Calumet Specialty Products Partners, L.P. - CLMT

February 29, 2024 | businesswire.com

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Calumet Specialty Products Partners, L.P. (CLMT)

February 29, 2024 | businesswire.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Calumet Specialty Products Partners, L.P. (CLMT) on Behalf of Investors

February 29, 2024 | prnewswire.com

Calumet Recognized by EcoVadis for Commitment to Sustainability

February 28, 2024 | tmcnet.com

The Law Offices of Frank R. Cruz Announces Investigation of Calumet Specialty Products Partners, L.P. (CLMT) on Behalf of Investors

February 28, 2024 | tmcnet.com

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Calumet Specialty Products Partners, L.P. (CLMT) on Behalf of Investors

February 28, 2024 | businesswire.com

The Law Offices of Frank R. Cruz Announces Investigation of Calumet Specialty Products Partners, L.P.

February 26, 2024 | markets.businessinsider.com

Buy Rating Affirmed: Calumet Specialty Products Poised for Recovery and Expansion

February 24, 2024 | finance.yahoo.com

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) Q4 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 2/23/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/03/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Petroleum refining
Sub-Industry: N/A
Current Symbol: NASDAQ:CLMT
CUSIP: N/A
CIK: 1340122
Web: www.calumetspecialty.com
Phone: (317) 328-5660
Fax: 317-328-2359
Employees: 1,580
Year Founded: 1916

Price Target and Rating

Average Stock Price Target: $20.50
High Stock Price Target: $25.00
Low Stock Price Target: $17.00
Potential Upside/Downside: +35.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.79
Trailing P/E Ratio: 19.18
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $48.10 million
Net Margins: 1.55%
Pretax Margin: 1.19%
Return on Equity: N/A
Return on Assets: -2.41%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.71
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: $4.18 billion
Price / Sales: 0.29
Cash Flow: $1.14 per share
Price / Cash Flow: 13.25
Book Value: ($6.15) per share
Price / Book: -2.46

Miscellaneous

Outstanding Shares: 80,220,000
Free Float: 77,889,000
Market Cap: $1.22 billion
Optionable: Optionable
Beta: 1.76

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Key Executives

Mr. Louis Todd Borgmann (Age 41)
Chief Executive Officer of Calumet GP, LLC
Comp: $752.04k
Mr. Gregory J. Morical (Age 55)
Senior VP, General Counsel & Secretary of Calumet GP, LLC
Comp: $364.5k
Mr. Bruce A. Fleming (Age 67)
Executive Vice President of Montana Renewables & Corporate Development of Calumet GP, LLC
Comp: $483.97k
Mr. Scott Obermeier (Age 50)
Executive Vice President of Specialties of Calumet GP, LLC
Comp: $765.61k
Mr. Vincent Donargo (Age 63)
Advisor
Comp: $434.4k
Mr. David Lunin (Age 42)
Executive VP & CFO of Calumet GP, LLC
Mr. Ryan A. Willman (Age 46)
Chief Accounting Officer & Principal Accounting Officer of Calumet GP, LLC
Mr. John Kompa
Director of Investor Relations
Mr. Chris Hodges
Alpha IR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Calumet Specialty Products Partners stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calumet Specialty Products Partners in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?: 2 brokerages have issued 12-month price objectives for Calumet Specialty Products Partners' stock. Their CLMT share price targets range from $17.00 to $25.00. On average, they expect the company's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 35.3% 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 2024?: Calumet Specialty Products Partners' stock was trading at $17.87 at the beginning of 2024. Since then, CLMT shares have decreased by 15.2% and is now trading at $15.15.
View the best growth stocks for 2024 here.
Are investors shorting Calumet Specialty Products Partners?: Calumet Specialty Products Partners saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 909,000 shares, an increase of 9.5% from the March 15th total of 830,500 shares. Based on an average daily volume of 123,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 1.4% of the shares of the company are short sold.
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 Friday, May 3rd 2024.
View our CLMT earnings forecast.
How were Calumet Specialty Products Partners' earnings last quarter?: Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) released its quarterly earnings data on Friday, February, 23rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.40. The oil and gas company earned $976.50 million during the quarter, compared to analysts' expectations of $856.71 million. The company's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share.

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 (VNOM), Washington Prime Group (WPG), Roper Technologies (ROP) and New Residential Investment (NRZ).
Who are Calumet Specialty Products Partners' major shareholders?: Calumet Specialty Products Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Adams Asset Advisors LLC (6.79%) and Future Financial Wealth Managment LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NASDAQ:CLMT) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Calumet Specialty Products Partners MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Calumet Specialty Products Partners Stock (NASDAQ:CLMT)

CLMT Stock Price History

CLMT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CLMT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™