Calumet Specialty Products Partners (CLMT) Expected to Announce Earnings on Friday

Calumet Specialty Products Partners (NASDAQ:CLMT) is expected to post its quarterly earnings results before the market opens on Friday, February 28th. Analysts expect Calumet Specialty Products Partners to post earnings of ($1.06) per share and revenue of $921.76 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Calumet Specialty Products Partners Stock Performance

Shares of CLMT stock opened at $15.53 on Wednesday. The company has a market capitalization of $1.33 billion, a PE ratio of -5.63 and a beta of 1.88. Calumet Specialty Products Partners has a 52-week low of $9.97 and a 52-week high of $25.29. The business’s fifty day moving average is $18.44 and its 200 day moving average is $19.26.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CLMT shares. HC Wainwright reissued a “buy” rating and issued a $33.00 target price on shares of Calumet Specialty Products Partners in a research note on Wednesday, February 12th. UBS Group cut Calumet Specialty Products Partners from a “neutral” rating to a “sell” rating and reduced their target price for the company from $20.50 to $15.00 in a research note on Tuesday, February 4th. TD Cowen reduced their target price on Calumet Specialty Products Partners from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com raised Calumet Specialty Products Partners to a “sell” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.60.

Insider Activity

In related news, Director Jennifer Straumins sold 37,861 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $21.42, for a total value of $810,982.62. Following the sale, the director now directly owns 1,184,589 shares of the company’s stock, valued at $25,373,896.38. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Company Profile

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.