HC Wainwright Has Bullish Forecast for Calumet Q1 Earnings

Calumet, Inc. (NASDAQ:CLMT) – Equities research analysts at HC Wainwright raised their Q1 2026 earnings per share (EPS) estimates for Calumet in a report issued on Monday, March 30th. HC Wainwright analyst A. Dayal now forecasts that the oil and gas company will post earnings per share of ($0.61) for the quarter, up from their previous forecast of ($0.63). HC Wainwright currently has a “Buy” rating and a $60.00 target price on the stock. The consensus estimate for Calumet’s current full-year earnings is ($3.02) per share. HC Wainwright also issued estimates for Calumet’s Q2 2026 earnings at ($0.59) EPS, Q3 2026 earnings at ($0.26) EPS, Q4 2026 earnings at ($0.30) EPS, FY2026 earnings at ($1.76) EPS and FY2027 earnings at $1.07 EPS.

A number of other equities research analysts also recently issued reports on CLMT. TD Cowen boosted their price target on Calumet from $19.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Calumet in a research note on Monday, December 29th. UBS Group reissued a “neutral” rating and issued a $26.00 price objective on shares of Calumet in a report on Friday, February 13th. The Goldman Sachs Group boosted their target price on shares of Calumet from $24.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen downgraded shares of Calumet from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.17.

Calumet Stock Performance

Calumet stock opened at $35.06 on Wednesday. Calumet has a one year low of $7.68 and a one year high of $36.94. The stock has a fifty day moving average of $27.92 and a 200 day moving average of $22.30. The stock has a market cap of $3.04 billion, a PE ratio of -89.90 and a beta of 0.86.

Calumet (NASDAQ:CLMT) last posted its earnings results on Friday, February 27th. The oil and gas company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.24. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted ($0.47) EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CLMT. Islay Capital Management LLC purchased a new stake in Calumet in the 4th quarter worth approximately $25,000. Aster Capital Management DIFC Ltd lifted 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 valued at $33,000 after purchasing an additional 1,229 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Calumet during the fourth quarter valued at approximately $34,000. Covestor Ltd boosted its position in shares of Calumet by 29.1% in the fourth quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 492 shares during the period. Finally, CWM LLC boosted its position in shares of Calumet by 149,900.0% in the fourth quarter. CWM LLC now owns 3,000 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 2,998 shares during the period. 34.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Calumet news, Director Daniel J. Sajkowski sold 3,310 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $34.46, for a total value of $114,062.60. Following the completion of the sale, the director owned 81,958 shares in the company, valued at $2,824,272.68. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.07% of the stock is currently owned by insiders.

Trending Headlines about Calumet

Here are the key news stories impacting Calumet this week:

• Positive Sentiment: HC Wainwright raised multiple 2026–2027 EPS estimates and reiterated a “Buy” rating with a $60 price target, shifting FY2027 from a loss forecast to a positive $1.07 EPS — a meaningful expectation upgrade that supports upside in the stock. Article Title
• Positive Sentiment: Brokerage and media coverage highlights (e.g., Zacks) flagged the recent surge and the upward trend in earnings revisions, which can attract momentum buying and higher intraday volume. Article Title
• Neutral Sentiment: Director Daniel J. Sajkowski disclosed a sale of 3,310 shares at ~$34.46 on April 1; the sale is modest relative to his remaining ~81,958 shares but may draw short-term attention from traders tracking insider activity. SEC Form 4
• Negative Sentiment: Operational headwind: Calumet disclosed unplanned maintenance at its Shreveport plant after detecting organic chlorides in feedstock tanks, which could reduce near-term throughput and raise maintenance costs or downtime risk until resolved. PR Newswire

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.