How to Buy Calumet Specialty Products Partners Stock
Calumet Specialty Products Partners LP
Calumet Specialty Products Partners, L. P. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally.
Calumet Specialty Products Partners stock last closed at $15.66, down 2.25% from the previous day, and has decreased 8.85% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.28 percentage points. Calumet Specialty Products Partners stock is currently +31.49% from its 52-week low of $11.91, and -21.36% from its 52-week high of $19.91.
There are currently 80.22M shares of CLMT outstanding. The market value of CLMT is $1.26B. In the past 24 hours, 93,712 CLMT shares were traded.
How to Buy Calumet Specialty Products Partners Stock
Wondering how to invest in Calumet Specialty Products Partners stock? Here's how.
- Decide where to buy Calumet Specialty Products Partners stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Calumet Specialty Products Partners stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your method of payment and add your details.
- Research Calumet Specialty Products Partners stock: The Calumet Specialty Products Partners ticker symbol is CLMT. Is Calumet Specialty Products Partners stock a good investment? Should you buy shares of CLMT? How do CLMT's underlying business fundamentals look? Do top analysts think Calumet Specialty Products Partners is a good buy? Why has CLMT's stock price moved recently? (Hint: Our stock market research tools can help you decide if CLMT is a good stock to buy).
- Make your CLMT buy order: Decide if you will purchase CLMT shares at the current market price or use a limit order to buy CLMT stock at a specific price.
- Get the latest news on your CLMT investment: Create a watchlist to track your new investment in Calumet Specialty Products Partners stock.
Step 1: Decide where to buy Calumet Specialty Products Partners stock
You need a brokerage account to access the NASDAQ market and buy CLMT stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you can invest in CLMT today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on mobile trading apps, your next step is to transfer the money for your investment:
Check out this video walkthrough if you need help depositing money into your investment account.
Step 4: Research Calumet Specialty Products Partners stock
Once you have chosen the best place to buy Calumet Specialty Products Partners stock, it's important to research their stock before you buy, so you truly wrap your head around the risk and opportunity.
Calumet Specialty Products Partners stock at a glance
CLMT Due Diligence Checks
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on CLMT's stock page.
How is CLMT stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge CLMT's intrinsic value.
Using relative valuations ratios:
- CLMT may be overvalued based on its P/E ratio of 26.54x, relative to Oil & Gas E&P industry P/E ratio of 15.35x
- CLMT may be undervalued based on its PEG ratio of 0.25x
You can access additional valuation analysis on CLMT's stock here.
CLMT Financial Health
Passed Health Checks:
- CLMT has $17.50M in cash and short term investments. This is sufficient to cover its annual cash burn of $286.70M.
- CLMT profit margin has gone up from -3.6% to 1.1% in the past year.
Failed Health Checks:
- Total CLMT debt is still negative.
- CLMT debt to equity ratio of -6.11 is negative.
- CLMT has cash burn of 286700000. It does not have sufficient cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the CLMT balance sheet.
- There are more short-term liabilities than short-term assets on the CLMT balance sheet.
Is it a good time to buy Calumet Specialty Products Partners stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give forecasts on CLMT, the consensus analyst rating on CLMT is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Calumet Specialty Products Partners stock forecast page.
Metrics for Advanced CLMT Traders
CLMT Earnings
Last year, CLMT revenue was $4.18B. In the past five year, CLMT's revenue has increased by 3.63% per year. This was slower than the Oil & Gas E&P industry average of 19.27%.
Dig into CLMT's earnings and revenue performance here.
Are CLMT executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at CLMT have bought more shares than they have sold.
Stephen P. Mawer, Director of CLMT, was the latest CLMT insider to sell. They sold $268,711.19 worth of CLMT shares on Jan 18, 2024.
Research more about who owns CLMT stock here.
Can I get consistent income from CLMT stock?
No, Calumet Specialty Products Partners doesn't provide an income stream by paying out dividends.
CLMT Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your CLMT buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, place a limit order.
Click the Open button and your broker will execute the order.
If you want additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your CLMT investment
Now that you own some shares in CLMT, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to get notified of important updates regarding your CLMT stock.
CLMT Feed
How to Buy Stock in Calumet Specialty Products Partners
To reiterate, here are the 6 steps to buy stock in Calumet Specialty Products Partners:
- Decide where to buy Calumet Specialty Products Partners stock
- Create your brokerage account
- Put funds into your investment account
- Research Calumet Specialty Products Partners stock
- Make your CLMT buy order
- Get the latest news on your CLMT investment
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Calumet Specialty Products Partners, add CLMT to your watchlist by clicking the button below.
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