Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) Issues Quarterly Earnings Results

Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) issued its quarterly earnings results on Tuesday. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08, Bloomberg Earnings reports. Calumet Specialty Products Partners, L.P had a net margin of 0.05% and a return on equity of 90.99%. The firm had revenue of $929.60 million for the quarter, compared to analyst estimates of $751.88 million.

NASDAQ CLMT traded down $0.15 on Thursday, hitting $3.34. The company’s stock had a trading volume of 4,461 shares, compared to its average volume of 132,906. The company has a quick ratio of 0.75, a current ratio of 1.23 and a debt-to-equity ratio of 28.38. Calumet Specialty Products Partners, L.P has a 1-year low of $1.99 and a 1-year high of $5.00. The company’s 50-day moving average is $3.55 and its 200 day moving average is $4.05. The firm has a market cap of $291.60 million, a PE ratio of 11.13 and a beta of 1.81.

CLMT has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. ValuEngine downgraded shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 29th. Finally, BidaskClub downgraded shares of Calumet Specialty Products Partners, L.P from a “sell” rating to a “strong sell” rating in a report on Tuesday.

About Calumet Specialty Products Partners, L.P

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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Earnings History for Calumet Specialty Products Partners, L.P (NASDAQ:CLMT)

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