Why Is CALUMET INC Equity (CLMT) Stock Moving Today?

Why CLMT stock is moving today

Calumet Inc (CLMT) stock is moving modestly lower in early trading, with the stock opening at $51.09 and trading at $50.42 as of the latest update. The stock is down 0.6% from the prior close of $50.81, following a price target increase from Goldman Sachs. The firm raised its price target to $45 from $40, maintaining a neutral stance on the stock. This adjustment reflects a cautious outlook amid mixed financial performance.

What Happened

Goldman Sachs revised its price target for Calumet to $45, a $5 increase from its previous target of $40. The firm has maintained a neutral stance, indicating no significant change in its overall assessment of the stock. Meanwhile, TD Cowen also raised its price target to $40, maintaining a Hold rating. These updates come as Calumet continues to report unprofitable results, with a trailing twelve-month (TTM) earnings per share (EPS) of -1.57 and a net margin of -3.0%. The company’s revenue has grown by 12.8% TTM, but its earnings continue to lag behind estimates.

What The Data Shows

The stock opened with a small positive gap but quickly moved lower, reaching a session low of $50.07. Trading volume remains light, with 0.0M shares traded so far, which is 0.0x the 3-month daily average. The stock is currently trading within its 52-week range of $12.94 to $50.99. Recent insider activity includes a sale by Daniel J. Sajkowski, a director, on July 1, 2026, and another on July 2, totaling $153K. The 30-day average sentiment has improved to 65/100 from 53/100, suggesting a slight shift in investor sentiment.

What To Watch

Investors should monitor the company’s next earnings report for further insight into its financial health and operational performance. No earnings date has been provided, but coverage breadth and analyst activity will remain key indicators to watch.