HC Wainwright Has Negative Estimate for CLMT Q2 Earnings

Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) – HC Wainwright dropped their Q2 2025 earnings per share (EPS) estimates for Calumet Specialty Products Partners in a research report issued to clients and investors on Monday, May 12th. HC Wainwright analyst A. Dayal now expects that the oil and gas company will earn ($0.40) per share for the quarter, down from their previous forecast of ($0.34). HC Wainwright has a “Buy” rating and a $33.00 price target on the stock. The consensus estimate for Calumet Specialty Products Partners’ current full-year earnings is ($3.02) per share. HC Wainwright also issued estimates for Calumet Specialty Products Partners’ Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($1.88) EPS, FY2026 earnings at ($0.15) EPS, FY2027 earnings at $0.80 EPS and FY2028 earnings at $1.69 EPS.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Calumet Specialty Products Partners from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America started coverage on shares of Calumet Specialty Products Partners in a research report on Tuesday. They set a “buy” rating and a $15.00 price objective on the stock. TD Cowen downgraded shares of Calumet Specialty Products Partners from a “buy” rating to a “hold” rating and cut their price objective for the company from $26.00 to $16.00 in a research report on Tuesday, March 4th. UBS Group raised shares of Calumet Specialty Products Partners from a “sell” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Monday, March 17th. Finally, The Goldman Sachs Group cut their price objective on shares of Calumet Specialty Products Partners from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.50.

Calumet Specialty Products Partners Stock Performance

CLMT stock opened at $13.87 on Wednesday. The firm has a 50 day moving average price of $11.26 and a 200-day moving average price of $16.45. Calumet Specialty Products Partners has a 52-week low of $7.68 and a 52-week high of $25.29. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -5.03 and a beta of 0.89.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, May 9th. The oil and gas company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.62). The firm had revenue of $993.90 million for the quarter, compared to analysts’ expectations of $899.62 million. During the same period last year, the firm earned ($0.51) EPS. The business’s revenue was down 1.2% on a year-over-year basis.

Insider Activity

In related news, CFO David Lunin bought 2,500 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $13.05 per share, for a total transaction of $32,625.00. Following the completion of the transaction, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $32,625. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen P. Mawer sold 3,655 shares of Calumet Specialty Products Partners stock in a transaction on Monday, March 24th. The shares were sold at an average price of $12.88, for a total value of $47,076.40. Following the transaction, the director now owns 287,307 shares in the company, valued at $3,700,514.16. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.91% of the company’s stock.

Calumet Specialty Products Partners Company Profile

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.