Calumet (NASDAQ:CLMT) Price Target Raised to $25.00

Calumet (NASDAQ:CLMT) had its price target upped by analysts at TD Cowen from $19.00 to $25.00 in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s target price would suggest a potential downside of 14.73% from the stock’s current price.

Several other brokerages also recently commented on CLMT. HC Wainwright reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Calumet in a research report on Monday, November 10th. Zacks Research raised shares of Calumet from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. UBS Group reaffirmed a “neutral” rating and issued a $26.00 price target on shares of Calumet in a research note on Friday, February 13th. The Goldman Sachs Group boosted their price objective on shares of Calumet from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Wall Street Zen lowered shares of Calumet from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Calumet presently has an average rating of “Hold” and an average target price of $24.00.

Calumet Trading Up 5.1%

Shares of NASDAQ:CLMT opened at $29.32 on Thursday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -75.18 and a beta of 1.18. Calumet has a 12 month low of $7.68 and a 12 month high of $30.35. The firm’s 50-day moving average is $23.56 and its 200 day moving average is $20.25.

Calumet (NASDAQ:CLMT) last released its earnings results on Friday, February 27th. The oil and gas company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.24. The business had revenue of ($3,098.50) million for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company posted ($0.47) EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Calumet will post -3.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Calumet

Several hedge funds have recently modified their holdings of CLMT. Great Lakes Advisors LLC bought a new stake in shares of Calumet in the 3rd quarter valued at about $3,088,000. Two Seas Capital LP lifted its position in Calumet by 56.9% during the second quarter. Two Seas Capital LP now owns 4,497,609 shares of the oil and gas company’s stock valued at $70,860,000 after acquiring an additional 1,631,098 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Calumet during the second quarter valued at approximately $518,000. SP Asset Management LLC acquired a new stake in Calumet in the second quarter valued at approximately $205,000. Finally, AYAL Capital Advisors Ltd acquired a new stake in Calumet in the second quarter valued at approximately $5,278,000. Hedge funds and other institutional investors own 34.41% of the company’s stock.

Key Calumet News

Here are the key news stories impacting Calumet this week:

• Positive Sentiment: HC Wainwright reiterated a Buy rating and set a $33 price target on CLMT, which provides analyst support for the share price and underpins a bullish case despite near‑term headwinds. MarketBeat Calumet Profile
• Neutral Sentiment: HC Wainwright also reportedly issued a FY2029 earnings forecast — continued coverage signals active analyst attention that can drive trading volume, but the specific FY2029 figures were not detailed in the summary. FY2029 Earnings Forecast for Calumet Issued By HC Wainwright
• Neutral Sentiment: A PR release notes record monthly sales for TRUFUEL®; unless confirmed as a core Calumet business line or material to Calumet’s revenues, this is a potentially positive industry signal but should be treated as indirect for CLMT. TRUFUEL Announces Record-Breaking Sales
• Neutral Sentiment: Short‑interest reporting in the feed shows a bizarre/erroneous print (0 shares, NaN increases and 0.0 days‑to‑cover) — this appears to be a data glitch rather than actionable evidence of a new short squeeze or heavy shorting activity. Monitor for corrected short‑interest releases from exchanges. (No external link available.)
• Negative Sentiment: HC Wainwright materially cut near‑term EPS forecasts: FY2026 estimates were revised down (to about -$2.32 from -$1.22), FY2027 was moved from a small profit to a slight loss (to -$0.12), and FY2028 profit expectations were trimmed (to ~$0.98 from $1.35). Quarterly EPS for 2026 remain negative across Q1–Q4 under their model — these downward revisions signal weaker near‑term profitability and are a clear negative catalyst. MarketBeat Calumet Profile

Calumet Company Profile

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is an independent provider of high-value, essential product solutions derived from both petroleum and renewable feedstocks. The company operates an integrated network of manufacturing plants, blending terminals and storage facilities across North America, delivering customized products and technical services to industrial, automotive, consumer and agricultural end markets. By leveraging its scale and technical expertise, Calumet tailors supply chain and formulation solutions to meet stringent regulatory and performance requirements.

Calumet’s product portfolio includes specialty lubricants and base oils for high-performance applications; process oils and waxes for food-grade, cosmetic and packaging uses; industrial solvents and cleaning solutions; and fuel additives designed to optimize engine performance and emissions.