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CLMT Stock 12 Month Forecast
Average Price Target
$23.67
▲(15.69% Upside)
Based on 3 Wall Street analysts offering 12 month price targets for Calumet Specialty Products in the last 3 months. The average price target is $23.67 with a high forecast of $33.00 and a low forecast of $18.00. The average price target represents a 15.69% change from the last price of $20.46.
Calumet Specialty Products: Hold Rating Amid Strong Core Performance and Renewable Diesel ChallengesWe maintain our Hold rating and increase our PT reflecting higher 2025 core earnings and accounting for lower net debt than embedded in prior valuation. We value CLMT on 50/50 2025 EBITDA and an NPV of EBITDA, similar to biofuel peers. We believe the stock is worth $15/sh on 2025E EBITDA and $21/sh on NPV of EBITDA. 3Q25 RD Costs MRL reported slightly below breakeven EBITDA in 3Q25. Management pointed to feedstock physical basis widening out by $0.20/gal, reflecting lower actual margins than what the indicator would suggest, though this dynamic normalized in October. Volumes were slightly impacted by test-runs to confirm MaxSAF capabilities. Operating costs ex SGA improved for the 8th straight quarter excluding the 4Q24 maintenance event.
Analysts Offer Insights on Materials Companies: LANXESS (Other OTC: LNXSF), Calumet Specialty Products (NASDAQ: CLMT) and Commercial Metals Company (NYSE: CMC)Calumet, Inc. November 10, 2025 Maintain Buy. We arrive at our $33.00 price target by using a DCF analysis.
Calumet Specialty Products: Hold Rating Amid Strong Core Performance and Renewable Diesel ChallengesWe maintain our Hold rating and increase our PT reflecting higher 2025 core earnings and accounting for lower net debt than embedded in prior valuation. We value CLMT on 50/50 2025 EBITDA and an NPV of EBITDA, similar to biofuel peers. We believe the stock is worth $15/sh on 2025E EBITDA and $21/sh on NPV of EBITDA. 3Q25 RD Costs MRL reported slightly below breakeven EBITDA in 3Q25. Management pointed to feedstock physical basis widening out by $0.20/gal, reflecting lower actual margins than what the indicator would suggest, though this dynamic normalized in October. Volumes were slightly impacted by test-runs to confirm MaxSAF capabilities. Operating costs ex SGA improved for the 8th straight quarter excluding the 4Q24 maintenance event.
Analysts Offer Insights on Materials Companies: LANXESS (Other OTC: LNXSF), Calumet Specialty Products (NASDAQ: CLMT) and Commercial Metals Company (NYSE: CMC)Calumet, Inc. November 10, 2025 Maintain Buy. We arrive at our $33.00 price target by using a DCF analysis.
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CLMT Analyst Recommendation Trends
Rating
Jul 25
Aug 25
Sep 25
Oct 25
Nov 25
Strong Buy
2
1
1
1
1
Buy
4
5
5
4
2
Hold
10
12
9
8
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
16
18
15
13
5
In the current month, CLMT has received 3Buy Ratings, 2Hold Ratings, and 0Sell Ratings. CLMT average Analyst price target in the past 3 months is 23.67.
Each month's total comprises the sum of three months' worth of ratings.
CLMT Financial Forecast
CLMT Earnings Forecast
Next quarter’s earnings estimate for CLMT is -$0.22 with a range of -$0.77 to $0.20. The previous quarter’s EPS was $3.61. CLMT beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 43.91% of the time in the same period. In the last calendar year CLMT has Performed in-line its overall industry.
Next quarter’s earnings estimate for CLMT is -$0.22 with a range of -$0.77 to $0.20. The previous quarter’s EPS was $3.61. CLMT beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 43.91% of the time in the same period. In the last calendar year CLMT has Performed in-line its overall industry.
CLMT Sales Forecast
Next quarter’s sales forecast for CLMT is $1.02B with a range of $798.20M to $1.18B. The previous quarter’s sales results were $1.08B. CLMT beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 46.88% of the time in the same period. In the last calendar year CLMT has Performed in-line its overall industry.
Next quarter’s sales forecast for CLMT is $1.02B with a range of $798.20M to $1.18B. The previous quarter’s sales results were $1.08B. CLMT beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 46.88% of the time in the same period. In the last calendar year CLMT has Performed in-line its overall industry.
CLMT Stock Forecast FAQ
What is CLMT’s average 12-month price target, according to analysts?
Based on analyst ratings, Calumet Specialty Products’s 12-month average price target is 23.67.
What is CLMT’s upside potential, based on the analysts’ average price target?
Calumet Specialty Products has 15.69% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is CLMT a Buy, Sell or Hold?
Calumet Specialty Products has a consensus rating of Moderate Buy which is based on 2 buy ratings, 1 hold ratings and 0 sell ratings.
What is Calumet Specialty Products’s price target?
The average price target for Calumet Specialty Products is 23.67. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $33.00 ,the lowest forecast is $18.00. The average price target represents 15.69% Increase from the current price of $20.46.
What do analysts say about Calumet Specialty Products?
Calumet Specialty Products’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 3 Wall Streets Analysts.
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