Calumet Specialty Products Partners-Calumet, Inc. (CLMT) Surges 12.1%: Is This an Indication of Further Gains?

Core Viewpoint - Calumet, Inc. (CLMT) shares experienced a significant increase of 12.1% in the last trading session, closing at $16.83, following a period of 31.8% loss over the past four weeks, indicating a potential turnaround in investor sentiment [1] Group 1: Company Performance - The recent bullish trend in Calumet's stock is attributed to strong demand for its specialty products and renewable fuels, with a diverse portfolio that includes base oils, specialty oils, waxes, and fuels [2] - The company is expected to report a quarterly loss of$ 1.06 per share, reflecting a year-over-year decline of 34.2%, with revenues projected at $943.05 million, down 3.4% from the previous year [3] - The consensus EPS estimate for Calumet has been revised 4.1% higher over the last 30 days, suggesting a positive trend that may lead to price appreciation [4] Group 2: Industry Context - Calumet, Inc. operates within the Zacks Oil and Gas - Integrated - United States industry, where it competes with other companies like DT Midstream (DTM), which also holds a Zacks Rank of 2 (Buy) [4][5] - DT Midstream's consensus EPS estimate has changed by +0.2% over the past month, indicating a year-over-year change of -26.6%, reflecting similar challenges faced in the industry [5]