Calumet Specialty Products Partners, L.P (CLMT) Posts Earnings Results, Beats Estimates By $0.30 EPS

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) announced its quarterly earnings data on Friday. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.30, Morningstar.com reports. Calumet Specialty Products Partners, L.P had a negative net margin of 1.56% and a positive return on equity of 65.97%. The company had revenue of $851.30 million during the quarter, compared to analysts’ expectations of $658.18 million.

Shares of Calumet Specialty Products Partners, L.P stock opened at $3.96 on Friday. The stock has a market cap of $306.78 million, a P/E ratio of 13.20 and a beta of 2.32. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 30.26. Calumet Specialty Products Partners, L.P has a 12-month low of $1.99 and a 12-month high of $8.75.

A number of equities research analysts recently issued reports on CLMT shares. Zacks Investment Research upgraded shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Tuesday, April 2nd. BidaskClub cut shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 30th. Finally, ValuEngine cut shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st.

Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp acquired a new stake in shares of Calumet Specialty Products Partners, L.P during the 4th quarter worth about $34,000. Janney Montgomery Scott LLC acquired a new stake in shares of Calumet Specialty Products Partners, L.P during the 1st quarter worth about $37,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Calumet Specialty Products Partners, L.P during the 1st quarter worth about $47,000. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Calumet Specialty Products Partners, L.P during the 4th quarter worth about $56,000. Finally, MML Investors Services LLC acquired a new stake in shares of Calumet Specialty Products Partners, L.P during the 1st quarter worth about $63,000. Institutional investors and hedge funds own 15.64% of the company’s stock.

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About Calumet Specialty Products Partners, L.P

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products which are used primarily as raw material components for basic automotive, industrial, and consumer goods.

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Earnings History for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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