Calumet Specialty Products Partners Stock Forecast, Price & News NASDAQ:CLMT

clmt stock price

Manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. Its Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands.

In case CLMT acquires Gurney Paragon, it will be most probably through private placement. Private placement will further dilute the unit of share, which is not good for share price. PORTER, Texas , Jan. 16, 2023 /PRNewswire/ — The Royal Purple® brand, maker of premium synthetic oils, has launched their newest innovatio… July profitability verifies top tier financial position in renewable fuels. Steam system maintenance currently limits MRL processing rate until late September.

clmt stock price

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

These factors signal the stock market is a buy

Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana. 2 equities research analysts have issued 12 month target prices for Calumet Specialty https://1investing.in/ Products Partners’ shares. Their CLMT share price forecasts range from $19.50 to $25.00. On average, they predict the company’s share price to reach $22.25 in the next twelve months. This suggests a possible upside of 13.2% from the stock’s current price.

clmt stock price

The GF Value is a unique measure of a stock’s intrinsic value, calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates. If the stock price is significantly above the GF Value Line, it is overvalued, and its future return is likely to be poor. Conversely, if it is significantly below the GF Value Line, its future return will likely be higher. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

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The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. You want to accumulate at a cheap price, but at the same time, you wish the price rocketing… Five pros share investment picks based on themes ranging from nearshoring to clean energy. We’d like to share more about how we work and what drives our day-to-day business.

If you are confident the share price will fly to 0.75 or above within 18 month, you can buy massively at 0.525, don’t waste time to wait for a lower price. Comparing a company’s return on invested capital (ROIC) and the weighted average cost of capital (WACC) is another way to assess its profitability. pari passu charge meaning For the past 12 months, Calumet Specialty Products Partners LP’s ROIC is 4.91, and its WACC is 9.61, indicating a lower return on invested capital than the cost of capital. Investing in profitable companies is less risky, especially those demonstrating consistent profitability over the long term.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Calumet Specialty Products Partners in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should “moderate buy” CLMT shares.

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CapitaLand M Trust to sell 3 Damansara office tower for RM52 mln to Lagenda Properties.

Posted: Tue, 05 Sep 2023 07:00:00 GMT [source]

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

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As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

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  • Sifting through businesses on the road to recovery can lead to big gains for investors.
  • The lower the price, the more I add, until I hit maximum permissable allocation in my portfolio.
  • The Montana/Renewables segment is comprised of two businesses – renewable diesel and specialty asphalt.
  • In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands.
  • This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt.
  • Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.

Therefore, it’s crucial to review a company’s financial strength before investing. Calumet Specialty Products Partners LP has a cash-to-debt ratio of 0.02, ranking worse than 91.87% of companies in the Oil & Gas industry. This indicates that the company’s financial strength is poor. Currently, Calumet Specialty Products Partners LP’s stock price of $19.82 per share and the market cap of $1.60 billion indicate a significant overvaluation. As a result, the long-term return of its stock is likely to be much lower than its future business growth.

Stock Money Flow

The technique has proven to be very useful for finding positive surprises. I own CLMT for its high dividend yield, which beats EPF and FD. The lower the price, the more I add, until I hit maximum permissable allocation in my portfolio. I like this so much that I now feel I don’t have enough at 52 sen, so, I will queue GTC at 52 sen and queue more to own at 51.5 sen, 51 sen, etc. CLMT’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

  • Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
  • I own CLMT for its high dividend yield, which beats EPF and FD.
  • The scores are based on the trading styles of Value, Growth, and Momentum.
  • Currently, Calumet Specialty Products Partners LP’s stock price of $19.82 per share and the market cap of $1.60 billion indicate a significant overvaluation.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Calumet Specialty Products Partners’ stock was trading at $16.88 at the beginning of 2023. Since then, CLMT shares have increased by 16.5% and is now trading at $19.66.

Calumet Specialty Products Partners L.P.

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 592,100 shares on 06-Sep-2023. EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 366,600 shares on 07-Sep-2023. EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 389,100 shares on 08-Sep-2023. EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 255,100 shares on 11-Sep-2023. To find out high-quality companies that may deliver above-average returns, please check out GuruFocus High Quality Low Capex Screener.

Calumet Specialty Products Partners LP has been profitable for one of the past ten years, with an operating margin of 2.9%, which ranks worse than 64.12% of companies in the Oil & Gas industry. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

Compare
CLMT’s historical performance
against its industry peers and the overall market. One share of CLMT stock can currently be purchased for approximately $19.66. 18 employees have rated Calumet Specialty Products Partners Chief Executive Officer Tim Go on Glassdoor.com. Tim Go has an approval rating of 42% among the company’s employees.

Sifting through businesses on the road to recovery can lead to big gains for investors. Unfortunately, turnaround stocks can also lead to huge investing mistakes. Even though the numbers don’t reflect a good quarter, there were clear signs of progress on the company’s turnaround plan. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

Calumet Specialty Products Partners, L.P. Expected to Earn Q3 … – MarketBeat

Calumet Specialty Products Partners, L.P. Expected to Earn Q3 ….

Posted: Wed, 09 Aug 2023 07:00:00 GMT [source]

View analysts price targets for CLMT or view top-rated stocks among Wall Street analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

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