Wall Street analysts expect Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) to announce sales of $841 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Calumet Specialty Products Partners, L.P’s earnings, with the lowest sales estimate coming in at $807 million and the highest estimate coming in at $900 million. Calumet Specialty Products Partners, L.P reported sales of $972.9 million in the same quarter last year, which indicates a negative year-over-year growth rate of 13.6%. The firm is scheduled to announce its next earnings results on Thursday, August 3rd.

On average, analysts expect that Calumet Specialty Products Partners, L.P will report full year sales of $841 million for the current fiscal year, with estimates ranging from $3.47 billion to $3.58 billion. For the next financial year, analysts anticipate that the company will post sales of $3.43 billion per share, with estimates ranging from $3.34 billion to $3.5 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.60. The company had revenue of $937.40 million for the quarter, compared to the consensus estimate of $1.02 billion. Calumet Specialty Products Partners, L.P had a negative return on equity of 66.63% and a negative net margin of 10.28%.

CLMT has been the topic of a number of recent research reports. FBR & Co reiterated a “hold” rating and set a $4.00 target price on shares of Calumet Specialty Products Partners, L.P in a research note on Tuesday, February 28th. Zacks Investment Research lowered Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research note on Thursday, January 26th. Royal Bank of Canada restated a “hold” rating and set a $4.00 price objective on shares of Calumet Specialty Products Partners, L.P in a research note on Thursday, March 30th. Wells Fargo & Co upgraded Calumet Specialty Products Partners, L.P from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research note on Wednesday, May 10th. Finally, Credit Suisse Group AG lowered Calumet Specialty Products Partners, L.P from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $5.00 to $3.00 in a research note on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.30.

In other Calumet Specialty Products Partners, L.P news, CEO Timothy Go purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were bought at an average price of $3.94 per share, for a total transaction of $78,800.00. Following the purchase, the chief executive officer now owns 111,682 shares in the company, valued at approximately $440,027.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James S. Carter purchased 13,600 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was acquired at an average price of $3.70 per share, for a total transaction of $50,320.00. Following the purchase, the director now owns 93,441 shares in the company, valued at approximately $345,731.70. The disclosure for this purchase can be found here. In the last quarter, insiders bought 37,200 shares of company stock worth $143,160. Corporate insiders own 4.75% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CLMT. Linscomb & Williams Inc. increased its stake in Calumet Specialty Products Partners, L.P by 0.6% in the first quarter. Linscomb & Williams Inc. now owns 98,163 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 600 shares during the period. Fifth Third Bancorp increased its stake in Calumet Specialty Products Partners, L.P by 5.0% in the first quarter. Fifth Third Bancorp now owns 31,800 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,500 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Calumet Specialty Products Partners, L.P by 6.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 137,703 shares of the oil and gas company’s stock valued at $551,000 after buying an additional 8,760 shares during the period. Wells Fargo & Company MN increased its stake in Calumet Specialty Products Partners, L.P by 2.5% in the first quarter. Wells Fargo & Company MN now owns 461,750 shares of the oil and gas company’s stock valued at $1,754,000 after buying an additional 11,265 shares during the period. Finally, Geode Capital Management LLC increased its stake in Calumet Specialty Products Partners, L.P by 38.8% in the first quarter. Geode Capital Management LLC now owns 48,308 shares of the oil and gas company’s stock valued at $183,000 after buying an additional 13,512 shares during the period. 10.02% of the stock is currently owned by institutional investors.

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) traded down 5.32% during mid-day trading on Friday, hitting $4.45. The stock had a trading volume of 449,768 shares. The firm’s market capitalization is $344.48 million. Calumet Specialty Products Partners, L.P has a one year low of $2.79 and a one year high of $6.41. The stock’s 50 day moving average price is $3.84 and its 200 day moving average price is $3.99.

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Calumet Specialty Products Partners, L.P Company Profile

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.

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