Calumet Specialty Products Partners (CLMT) to Release Quarterly Earnings on Friday

Calumet Specialty Products Partners (NASDAQ:CLMT) will announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.59) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.07. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $889.17 million. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company posted ($0.19) earnings per share. 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 Stock Down 2.3 %

NASDAQ:CLMT opened at $20.55 on Wednesday. The stock’s 50 day moving average price is $19.10 and its two-hundred day moving average price is $16.82. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -64.22 and a beta of 1.90. Calumet Specialty Products Partners has a 12-month low of $9.97 and a 12-month high of $25.29.

Analysts Set New Price Targets

CLMT has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. TD Cowen upped their price objective on Calumet Specialty Products Partners from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. StockNews.com initiated coverage on Calumet Specialty Products Partners in a research note on Wednesday, October 23rd. They issued a “sell” rating on the stock. HC Wainwright restated a “buy” rating and issued a $25.00 price objective on shares of Calumet Specialty Products Partners in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group dropped their price objective on Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Calumet Specialty Products Partners presently has an average rating of “Moderate Buy” and an average target price 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.