Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) is scheduled to announce its earnings results before the market opens on Friday, November 10th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) last announced its quarterly earnings data on Friday, August 4th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.58. The firm 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.

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A number of brokerages have recently issued reports on CLMT. Zacks Investment Research upgraded Calumet Specialty Products Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective for the company in a research report on Tuesday, July 11th. Wells Fargo & Company raised their price objective on Calumet Specialty Products Partners, L.P. from $7.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. They noted that the move was a valuation call. Cowen and Company restated a “hold” rating and set a $5.00 price objective on shares of Calumet Specialty Products Partners, L.P. in a research report on Tuesday, October 17th. BidaskClub upgraded Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine upgraded Calumet Specialty Products Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.00.

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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