Equities Analysts Issue Forecasts for CLMT FY2026 Earnings

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) – Equities researchers at HC Wainwright dropped their FY2026 earnings per share (EPS) estimates for Calumet Specialty Products Partners in a research report issued to clients and investors on Monday, November 11th. HC Wainwright analyst A. Dayal now anticipates that the oil and gas company will post earnings of $1.86 per share for the year, down from their prior forecast of $1.89. HC Wainwright currently has a “Buy” rating and a $25.00 target price on the stock. The consensus estimate for Calumet Specialty Products Partners’ current full-year earnings is ($2.02) per share. HC Wainwright also issued estimates for Calumet Specialty Products Partners’ FY2027 earnings at $2.40 EPS and FY2028 earnings at $2.68 EPS.

Other analysts have also recently issued reports about the company. StockNews.com began coverage on Calumet Specialty Products Partners in a research report on Wednesday, October 23rd. They issued a “sell” rating on the stock. TD Cowen decreased their target price on Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group decreased their target price on Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised their target price on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Calumet Specialty Products Partners Stock Up 3.0 %

NASDAQ:CLMT opened at $20.49 on Wednesday. The business’s 50 day moving average is $19.50 and its two-hundred day moving average is $17.09. Calumet Specialty Products Partners has a 52 week low of $9.97 and a 52 week high of $25.29. The company has a market cap of $1.76 billion, a PE ratio of -7.42 and a beta of 1.90.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its earnings results on Friday, November 8th. The oil and gas company reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.59). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $888.36 million. Calumet Specialty Products Partners’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share.

Insider Buying and Selling at Calumet Specialty Products Partners

In other news, Director Jennifer Straumins sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $20.59, for a total value of $2,059,000.00. Following the completion of the transaction, the director now owns 1,388,529 shares of the company’s stock, valued at $28,589,812.11. The trade was a 6.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.91% of the company’s stock.

Hedge Funds Weigh In On Calumet Specialty Products Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC boosted its stake in Calumet Specialty Products Partners by 8.4% in the 2nd quarter. Founders Financial Alliance LLC now owns 48,400 shares of the oil and gas company’s stock worth $777,000 after purchasing an additional 3,750 shares during the period. Creative Planning boosted its stake in Calumet Specialty Products Partners by 46.4% in the 2nd quarter. Creative Planning now owns 62,459 shares of the oil and gas company’s stock worth $1,002,000 after purchasing an additional 19,800 shares during the period. DRW Securities LLC acquired a new position in Calumet Specialty Products Partners in the 2nd quarter worth $898,000. Wedbush Securities Inc. acquired a new position in Calumet Specialty Products Partners in the 2nd quarter worth $169,000. Finally, Wasserstein Debt Opportunities Management L.P. boosted its stake in Calumet Specialty Products Partners by 2.9% in the 2nd quarter. Wasserstein Debt Opportunities Management L.P. now owns 6,891,314 shares of the oil and gas company’s stock worth $110,606,000 after purchasing an additional 193,063 shares during the period. 34.41% of the stock is owned by institutional investors and hedge funds.

About Calumet Specialty Products Partners

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.