Calumet Specialty Products Partners (CLMT) Scheduled to Post Earnings on Friday

Calumet Specialty Products Partners (NASDAQ:CLMT) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Calumet Specialty Products Partners to post earnings of ($0.59) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Calumet Specialty Products Partners (NASDAQ:CLMT) last announced its earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $889.17 million. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) EPS. On average, analysts expect Calumet Specialty Products Partners to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calumet Specialty Products Partners Price Performance

CLMT stock opened at $19.60 on Thursday. The company’s 50 day simple moving average is $19.11 and its 200-day simple moving average is $16.86. Calumet Specialty Products Partners has a 12 month low of $9.97 and a 12 month high of $25.29. The firm has a market capitalization of $1.68 billion, a PE ratio of -61.25 and a beta of 1.90.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, October 21st. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Calumet Specialty Products Partners in a research note on Thursday, October 17th. The Goldman Sachs Group cut their target price on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com assumed coverage on shares of Calumet Specialty Products Partners in a research note on Wednesday, October 23rd. They set a “sell” rating on the stock. Finally, TD Cowen boosted their price objective on shares of Calumet Specialty Products Partners from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Calumet Specialty Products Partners currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Calumet Specialty Products Partners Company Profile

Calumet, Inc 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; Montana/Renewables; and Performance brands segments.