Calumet Specialty Products Partners LP (CLMT) Stock AnalysisCLMTCalumet Specialty Products Partners LP

Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a range of consumer-facing and industrial markets. Its segments include Specialty Products and Solutions, Montana/Renewables, and Performance Brands. The Specialty Products and Solutions segment consists of its customer-focused solutions and formulations businesses, covering multiple specialty product lines, anchored by its integrated complex in Northwest Louisiana. In this segment, it manufactures and markets a variety of solvents, waxes, customized lubricating oils, white oils, gels, esters, and other products. The Montana/Renewables segment is composed of its Montana Renewables facility and its Great Falls specialty asphalt facility. The Performance Brands segment includes its portfolio of high-performing brands. In this segment, it blends, packages, and markets high-performance products through its Royal Purple, Bel-Ray, and TruFuel brands. It operates in the Energy sector (PETROLEUM REFINING industry).

Calumet Specialty Products Partners LP is a good buy right now due to its current price of $56.42, which is below the analyst price target of $75 from H.C. Wainwright. Additionally, the company recently secured full EPA exemptions, which could enhance its financials by approximately $309 million, significantly improving its profitability outlook. However, the forward P/E ratio of 49.02 indicates that the stock may be overvalued if growth does not materialize as expected, posing a risk to investors.

5 analysts cover CLMT: 1 rate it Buy, 3 Hold and 1 Sell. The average price target is 23.67.