CLMT Calumet Specialty Products Partners LP Stock quote

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• Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
• As an investor, you want to buy stocks with the highest probability of success.
• Upgrade to MarketBeat All Access to add more stocks to your watchlist.
• July profitability verifies top tier financial position in renewable fuels.
• 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.

Calumet Specialty Products Partners LP is an independent producer of specialty hydrocarbon products in North America. In Performance Brands segment, the company blend, package and market high performance products through its Royal Purple, Bel-Ray, and TruFuel brands. The Montana/Renewables segment is comprised of two businesses – renewable diesel and specialty asphalt. The Corporate segment primarily consists of general and administrative expenses not allocated to the Specialty Products and Solutions, Performance Brands or Montana/Renewables segments. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

CLMT Stock News Headlines

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.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Investing in companies with poor financial strength can lead to a higher risk of permanent loss of capital.

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.

Analyst’s Opinion

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.

According to 5 analysts, the average rating for CLMT stock is “Strong Buy.” The 12-month stock price forecast is $22.7, which is an increase of 15.46% from the latest price. Furthermore, growth is a crucial factor in a company’s valuation. Calumet Specialty Products Partners LP’s average annual revenue growth is 10.2%, ranking better than 50.47% of companies in the Oil & Gas industry. However, the 3-year average EBITDA growth is -19.7%, ranking worse than 84.76% of companies in the Oil & Gas industry. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

CLMT Company Calendar

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.

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.

CLMT

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.

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.

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.

• Style is an investment factor that has a meaningful impact on investment risk and returns.
• 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.
• 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.
• 18 employees have rated Calumet Specialty Products Partners Chief Executive Officer Tim Go on Glassdoor.com.

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 m-pesa india 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.

Calumet Specialty Products (CLMT) Receives a Rating Update from a Top Analyst

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 https://1investing.in/ 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.

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 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.