Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) released its quarterly earnings results on Thursday, December 28th. The oil and gas company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.55), reports. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1 billion. Calumet Specialty Products Partners, L.P had a negative return on equity of 48.84% and a negative net margin of 2.47%.
Shares of Calumet Specialty Products Partners, L.P (CLMT) opened at $7.90 on Friday. Calumet Specialty Products Partners, L.P has a fifty-two week low of $3.40 and a fifty-two week high of $9.95. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 10.67. The stock has a market capitalization of $606.16, a price-to-earnings ratio of -6.27 and a beta of 1.23.
A number of brokerages have commented on CLMT. BidaskClub cut Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Cowen reiterated a “hold” rating and set a $5.00 target price on shares of Calumet Specialty Products Partners, L.P in a report on Tuesday, October 17th. Finally, Wells Fargo & Co increased their target price on Calumet Specialty Products Partners, L.P from $7.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, September 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.29.
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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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