Calumet's Mixed Bag Q1: From Loss To Grit, CEO Maps Strategic Spring Surge
Benzinga (Fri, 10-May 9:31 AM ET)
Calumet Specialty GAAP EPS of -$0.51 beats by $0.30, revenue of $1.01B beats by $109.21M
Seeking Alpha News (Fri, 10-May 7:18 AM ET)
Calumet Specialty Products Partners, L.P. Reports First Quarter 2024 Results
PRNewswire (Fri, 10-May 7:12 AM ET)
Calumet Specialty Q1 2024 Earnings Preview
Seeking Alpha News (Thu, 9-May 12:36 PM ET)
Calumet Specialty Products Partners, L.P. to Release First Quarter 2024 Earnings on May 10, 2024
PRNewswire (Fri, 26-Apr 7:30 AM ET)
Calumet Announces First Quarter 2024 Operational Update
PRNewswire (Tue, 16-Apr 7:50 AM ET)
Globe Newswire (Sun, 31-Mar 12:17 PM ET)
Calumet Completes Notes Offering
PRNewswire (Tue, 12-Mar 4:58 PM ET)
Calumet to Attend Barclays Emerging Growth, Climate Technology Company Meetings
PRNewswire (Tue, 12-Mar 4:48 PM ET)
Calumet Recognized by EcoVadis for Commitment to Sustainability
PRNewswire (Thu, 29-Feb 9:00 AM ET)
Calumet Specialty Products Partners LP is an independent producer of specialty products, including lubricating oils, solvents, waxes, food-grade white oils, pharmaceutical-grade petrolatums, and other products, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company operates through four segments namely the Specialty Products and Solutions segment, Montana/Renewables segment, Performance Brands segment, and corporate. The company generates the majority of its revenue from the Specialty Products and solutions segment, which consists of our customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by a unique integrated complex in Northwest Louisiana.
Calumet Specialty Prods trades on the NASDAQ stock market under the symbol CLMT.
As of May 10, 2024, CLMT stock price declined to $15.80 with 10,583 million shares trading.
CLMT has a beta of 0.92, meaning it tends to be less sensitive to market movements. CLMT has a correlation of 0.08 to the broad based SPY ETF.
CLMT has a market cap of $1.26 billion. This is considered a Small Cap stock.
In the last 3 years, CLMT stock traded as high as $20.50 and as low as $5.36.
CLMT has underperformed the market in the last year with a price return of -7.6% while the SPY ETF gained +28.8%. CLMT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.0% and +0.8%, respectively, while the SPY returned +4.6% and +3.8%, respectively.
CLMT support price is $15.78 and resistance is $16.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLMT stock will trade within this expected range on the day.