Q1 Earnings Estimate for Calumet Issued By HC Wainwright

Calumet, Inc. (NASDAQ:CLMT) – Research analysts at HC Wainwright issued their Q1 2027 EPS estimates for shares of Calumet in a research note issued on Monday, July 27th. HC Wainwright analyst A. Dayal expects that the oil and gas company will post earnings per share of $0.20 for the quarter. The consensus estimate for Calumet’s current full-year earnings is ($0.13) per share. HC Wainwright also issued estimates for Calumet’s Q3 2027 earnings at $0.17 EPS and Q4 2027 earnings at $0.13 EPS.

Calumet (NASDAQ:CLMT) last released its earnings results on Friday, May 8th. The oil and gas company reported ($3.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($3.31). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned ($1.87) EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating on shares of Calumet in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Calumet from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Finally, The Goldman Sachs Group downgraded Calumet from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Calumet currently has an average rating of “Hold” and a consensus target price of $36.75.

Calumet Stock Up 0.5%

Shares of NASDAQ CLMT opened at $41.48 on Wednesday. The firm has a market cap of $3.61 billion, a PE ratio of -19.20 and a beta of 0.72. The company’s fifty day simple moving average is $36.70 and its 200 day simple moving average is $31.49. Calumet has a 12-month low of $12.94 and a 12-month high of $45.20.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Covestor Ltd increased its position in shares of Calumet by 29.1% during the fourth quarter. Covestor Ltd now owns 2,180 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 492 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Calumet by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 12,613 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 817 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in Calumet by 294.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,229 shares in the last quarter. Islay Capital Management LLC bought a new position in Calumet in the 4th quarter valued at about $25,000. Finally, Global Retirement Partners LLC acquired a new position in Calumet during the 4th quarter valued at about $34,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Calumet news, Director Daniel J. Sajkowski sold 4,240 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 77,718 shares in the company, valued at approximately $2,810,282.88. The trade was a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Group Heritage sold 626,998 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $32.54, for a total transaction of $20,402,514.92. Following the sale, the insider owned 12,980,211 shares of the company’s stock, valued at $422,376,065.94. This trade represents a 4.61% decrease in their position. The SEC filing for this sale provides additional information. 4.07% of the stock is owned by company insiders.

Calumet Company Profile

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.