Q2 Earnings Estimate for Calumet Issued By HC Wainwright

Calumet, Inc. (NASDAQ:CLMT) – Research analysts at HC Wainwright issued their Q2 2027 earnings estimates for shares of Calumet in a research note issued to investors on Monday, July 27th. HC Wainwright analyst A. Dayal expects that the oil and gas company will earn $0.19 per share for the quarter. HC Wainwright has a “Buy” rating and a $60.00 price target on the stock. The consensus estimate for Calumet’s current full-year earnings is ($0.13) per share.

Calumet (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, May 8th. The oil and gas company reported ($3.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($3.31). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted ($1.87) EPS. Calumet’s revenue for the quarter was up 3.6% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the company. TD Cowen reissued a “hold” rating on shares of Calumet in a report on Wednesday, June 3rd. The Goldman Sachs Group downgraded Calumet from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research note on Friday, April 24th. Finally, Weiss Ratings raised Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Calumet currently has a consensus rating of “Hold” and a consensus price target of $36.75.

Calumet Stock Performance

Shares of NASDAQ:CLMT opened at $41.28 on Tuesday. Calumet has a one year low of $12.94 and a one year high of $45.20. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -19.11 and a beta of 0.72. The company has a 50-day simple moving average of $36.52 and a 200-day simple moving average of $31.33.

Insiders Place Their Bets

In related news, major shareholder Group Heritage sold 626,998 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $32.54, for a total transaction of $20,402,514.92. Following the transaction, the insider owned 12,980,211 shares of the company’s stock, valued at $422,376,065.94. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel J. Sajkowski sold 4,240 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $36.16, for a total value of $153,318.40. Following the completion of the transaction, the director owned 77,718 shares of the company’s stock, valued at $2,810,282.88. The trade was a 5.17% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.07% of the company’s stock.

Hedge Funds Weigh In On Calumet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Islay Capital Management LLC purchased a new position in shares of Calumet in the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd boosted its holdings in 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. Global Retirement Partners LLC purchased a new stake in Calumet during the fourth quarter worth about $34,000. Covestor Ltd grew its position in Calumet by 29.1% during the fourth quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock worth $43,000 after buying an additional 492 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Calumet during the third quarter worth about $59,000. 34.41% of the stock is owned by institutional investors and hedge funds.

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.