HC Wainwright Has Positive Estimate for Calumet Q3 Earnings

Calumet, Inc. (NASDAQ:CLMT) – Research analysts at HC Wainwright upped their Q3 2026 earnings per share (EPS) estimates for shares of Calumet in a research note issued on Monday, August 10th. HC Wainwright analyst A. Dayal now forecasts that the oil and gas company will earn $0.60 per share for the quarter, up from their prior forecast of ($0.29). The consensus estimate for Calumet’s current full-year earnings is ($0.13) per share. HC Wainwright also issued estimates for Calumet’s Q4 2026 earnings at $0.22 EPS and FY2026 earnings at $0.12 EPS.

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

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

Calumet Stock Up 1.3%

CLMT opened at $46.04 on Wednesday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of -29.70 and a beta of 0.71. The firm has a 50-day moving average price of $38.37 and a 200-day moving average price of $33.07. Calumet has a twelve month low of $12.94 and a twelve month high of $47.40.

Insider Activity

In other news, major shareholder Group Heritage sold 626,998 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $32.54, for a total value 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 trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Sajkowski sold 4,240 shares of the business’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 transaction of $153,318.40. Following the transaction, the director directly owned 77,718 shares of the company’s stock, valued at approximately $2,810,282.88. This represents a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.15% of the company’s stock.

Institutional Trading of Calumet

Several institutional investors and hedge funds have recently bought and sold shares of CLMT. one8zero8 LLC bought a new position in Calumet in the 2nd quarter valued at $6,700,000. BlackRock Inc. raised its position in shares of Calumet by 5.1% in the second quarter. BlackRock Inc. now owns 5,234,106 shares of the oil and gas company’s stock worth $188,532,000 after buying an additional 253,578 shares in the last quarter. Deutsche Bank AG raised its position in shares of Calumet by 27.4% in the second quarter. Deutsche Bank AG now owns 78,712 shares of the oil and gas company’s stock worth $2,835,000 after buying an additional 16,910 shares in the last quarter. Covestor Ltd boosted its stake in Calumet by 61.6% during the second quarter. Covestor Ltd now owns 4,194 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 1,598 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in Calumet during the second quarter valued at $253,000. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

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.