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.
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.
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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- This suggests a possible upside of 13.2% from the stock’s current price.
- 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.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- You want to accumulate at a cheap price, but at the same time, you wish the price rocketing…
- 2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Calumet Specialty Products Partners in the last twelve months.
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. 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.
Calumet Provides Operational Update for Montana Renewables LLC
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.
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.
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.
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Key Earnings Data
This puts Tim Go in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023. Calumet has executed well on its turnaround plan over the past two years, and looking at this stock as a viable investment isn’t the absurd idea it used to be. This book is the result of the author’s many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay…. One of the highest dividend yield 7.5% in REIT when contribution from QE is fully booked .
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Per-Share Earnings, Actuals & Estimates Calumet Specialty Products Partners L.P.
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 https://1investing.in/ 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.
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.
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.
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 ticker tape coupon 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.
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.
- © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
- This puts Tim Go in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- This book is the result of the author’s many years of experience and observation throughout his 26 years in the stockbroking industry.
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.
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.