Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) released its quarterly earnings results on Friday. The oil and gas company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.30, Morningstar.com reports. The business had revenue of $851.30 million during the quarter, compared to analyst estimates of $658.18 million. Calumet Specialty Products Partners, L.P had a negative net margin of 1.56% and a positive return on equity of 65.97%.
CLMT stock traded up $0.35 during trading on Friday, hitting $3.96. The company had a trading volume of 456,425 shares, compared to its average volume of 152,659. The company has a market capitalization of $306.78 million, a P/E ratio of 13.20 and a beta of 2.32. Calumet Specialty Products Partners, L.P has a fifty-two week low of $1.99 and a fifty-two week high of $8.75. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 30.26.
CLMT has been the subject of several recent research reports. BidaskClub upgraded shares of Calumet Specialty Products Partners, L.P from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, ValuEngine upgraded shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.
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Calumet Specialty Products Partners, L.P Company Profile
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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