Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) will issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last issued its earnings results on Friday, August 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.58. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $841.00 million. Calumet Specialty Products Partners, L.P. had a negative return on equity of 48.17% and a negative net margin of 2.81%. On average, analysts expect Calumet Specialty Products Partners, L.P. to post $-0.25 EPS for the current fiscal year and $-0.95 EPS for the next fiscal year.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) opened at 7.85 on Wednesday. Calumet Specialty Products Partners, L.P. has a 1-year low of $2.79 and a 1-year high of $9.10. The firm’s market cap is $602.32 million. The company’s 50-day moving average price is $8.07 and its 200 day moving average price is $5.56.

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CLMT has been the subject of a number of research reports. Zacks Investment Research lowered shares of Calumet Specialty Products Partners, L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Janney Montgomery Scott raised shares of Calumet Specialty Products Partners, L.P. from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $6.00 to $8.50 in a research report on Monday, August 14th. Cowen and Company reissued a “hold” rating and set a $5.00 price target on shares of Calumet Specialty Products Partners, L.P. in a research report on Tuesday, October 17th. ValuEngine raised shares of Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub cut shares of Calumet Specialty Products Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.00.

In other Calumet Specialty Products Partners, L.P. news, CFO David West Griffin purchased 8,100 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $5.19 per share, with a total value of $42,039.00. Following the transaction, the chief financial officer now directly owns 49,252 shares of the company’s stock, valued at approximately $255,617.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased a total of 22,853 shares of company stock worth $118,909 over the last ninety days. 4.75% of the stock is currently owned by insiders.

About Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

Earnings History for Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

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