FY2027 Earnings Estimate for Calumet Issued By HC Wainwright

Calumet, Inc. (NASDAQ:CLMT) – Equities research analysts at HC Wainwright dropped their FY2027 earnings per share (EPS) estimates for Calumet in a research note issued on Monday, August 10th. HC Wainwright analyst A. Dayal now anticipates that the oil and gas company will post earnings of $0.59 per share for the year, down from their prior estimate of $0.69. The consensus estimate for Calumet’s current full-year earnings is ($0.13) per share.

Calumet (NASDAQ:CLMT) last issued its quarterly earnings data on Friday, August 7th. The oil and gas company reported ($1.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($1.16). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.12 billion. The company’s revenue was up 40.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.70) EPS.

Several other research firms have also recently commented on CLMT. The Goldman Sachs Group upped their price target on Calumet from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Calumet in a research report on Monday. TD Cowen reiterated a “hold” rating on shares of Calumet in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Calumet in a research note on Friday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.75.

Calumet Stock Performance

Shares of NASDAQ:CLMT opened at $45.47 on Tuesday. Calumet has a one year low of $12.94 and a one year high of $45.55. The company has a 50-day simple moving average of $38.17 and a 200-day simple moving average of $32.89. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -29.34 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Calumet by 11.3% during the second quarter. Fifth Third Bancorp now owns 3,407 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 346 shares during the last quarter. Covestor Ltd boosted its stake in shares of Calumet by 29.1% during the 4th quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 492 shares during the last quarter. Caldwell Sutter Capital Inc. boosted its stake in shares of Calumet by 2.7% during the 2nd quarter. Caldwell Sutter Capital Inc. now owns 20,000 shares of the oil and gas company’s stock valued at $720,000 after buying an additional 517 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Calumet by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 12,613 shares of the oil and gas company’s stock worth $251,000 after buying an additional 817 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Calumet by 294.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the oil and gas company’s stock worth $33,000 after buying an additional 1,229 shares in the last quarter. 34.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Daniel J. Sajkowski sold 4,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $36.16, for a total value of $153,318.40. Following the transaction, the director owned 77,718 shares in the company, valued at approximately $2,810,282.88. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Group Heritage sold 626,998 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $32.54, for a total transaction of $20,402,514.92. Following the completion of the transaction, the insider directly owned 12,980,211 shares in the company, valued at approximately $422,376,065.94. This represents a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.15% of the company’s stock.

About Calumet

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.