Calumet, Inc. (CLMT)Basic Materials | Specialty Chemicals | Indianapolis, United States | NasdaqGS
47.75 USD
+1.98
(4.326%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 47.75 |
Hot Take ↕ | Aug. 22, 2026, 4:02 a.m. EDT
The investment case here is fractured by a stark divergence between aggressive short-term momentum and deteriorating long-term fundamentals. On the short end, the stock is a compelling momentum play; it has rallied nearly 64% over the last 200 days, trading well above its moving averages, and the options market is pricing in a binary event or earnings catalyst with heavy call volume at the $50 resistance level. However, this technical strength is built on shaky ground. The company is currently unprofitable with negative operating margins and a forward P/E that implies massive future growth expectations. More critically, the long-term trajectory shows a sharp deceleration; after a massive run-up in previous years, the most recent annual return was a steep -22.7%, signaling that the prior rally may be exhausting. The lack of a dividend and the heavy put positioning in the options chain suggest that while smart money is betting on a short-term pop to $50, the broader market is hedging against a potential collapse if earnings miss. This is a high-risk, high-reward trade suitable only for tactical entries, not a core holding. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.246608 |
| AutoTheta | 0.253927 |
| AutoETS | 0.255167 |
| AutoARIMA | 0.255410 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 6.43 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.419 |
| Excess Kurtosis | -0.90 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Ex Dividend Date | 2016-01-28 |
| Last Dividend Date | 2016-01-28 |
| Revenue per Share | 52.715 |
| Market Cap | 4,197,140,480 |
| Forward P/E | 75.79 |
| Beta | 0.71 |
| Profit Margins | -2.98% |
| Previous Name | Calumet Specialty Products Partners, L.P. |
| Website | https://www.calumet.com |
As of Aug. 22, 2026, 4:02 a.m. EDT: Speculators are aggressively positioning for a downside crash, evidenced by massive open interest in deep out-of-the-money puts (strikes $3-$17) expiring late 2027 and early 2028, which dwarfs call volume at those strikes. Conversely, call activity is concentrated near the money ($45-$50) with significant volume at the $50 strike, suggesting a 'long gamma' setup where traders anticipate volatility expansion or a bounce to current levels rather than a sustained rally. The implied volatility skew heavily favors tail risk protection over upside speculation.
| Date | Dividend | Yield % |
|---|---|---|
| 2016-01-29 | 0.685 | 4.070113 |
| 2015-10-30 | 0.685 | 2.567466 |
| 2015-07-31 | 0.685 | 2.504570 |
| 2015-05-01 | 0.685 | 2.498177 |
| 2015-01-30 | 0.685 | 2.720413 |
| 2014-10-31 | 0.685 | 2.557879 |
| 2014-07-31 | 0.685 | 2.206830 |
| 2014-05-01 | 0.685 | 2.434257 |
| 2014-01-31 | 0.685 | 2.356381 |
| 2013-10-31 | 0.685 | 2.297887 |
| 2013-07-31 | 0.685 | 2.086506 |
| 2013-05-01 | 0.680 | 1.883135 |
| 2013-01-31 | 0.650 | 2.050473 |
| 2012-10-31 | 0.620 | 1.954603 |
| 2012-08-01 | 0.590 | 2.396426 |
| 2012-05-02 | 0.560 | 2.061856 |
| 2012-02-01 | 0.530 | 2.440147 |
| 2011-11-02 | 0.500 | 2.680965 |
| 2011-07-29 | 0.495 | 2.229730 |
| 2011-04-29 | 0.475 | 2.151268 |
| 2011-02-02 | 0.470 | 1.959967 |
| 2010-10-29 | 0.460 | 2.111060 |
| 2010-07-30 | 0.455 | 2.472826 |
| 2010-04-30 | 0.455 | 2.027629 |
| 2010-01-29 | 0.455 | 2.273863 |
| 2009-10-30 | 0.450 | 2.826633 |
| 2009-07-31 | 0.450 | 2.556818 |
| 2009-05-01 | 0.450 | 3.865979 |
| 2009-01-30 | 0.450 | 4.014273 |
| 2008-10-31 | 0.450 | 3.054990 |
| 2008-07-31 | 0.450 | 3.228121 |
| 2008-05-01 | 0.450 | 3.330866 |
| 2008-01-31 | 0.630 | 1.762238 |
| 2007-10-31 | 0.630 | 1.351351 |
| 2007-08-01 | 0.630 | 1.235779 |
| 2007-05-02 | 0.600 | 1.121915 |
| 2007-01-31 | 0.600 | 1.363636 |
| 2006-11-01 | 0.550 | 1.712862 |
| 2006-08-02 | 0.450 | 1.512605 |
| 2006-04-28 | 0.300 | 0.990099 |
| Attribute | Value |
|---|---|
| 52 Week Change | 1.767231 |
| Address1 | 1,060 N Capitol Ave. |
| Address2 | Suite 6-401 |
| All Time High | 55.26 |
| All Time Low | 0.82 |
| Ask | 54.72 |
| Ask Size | 1 |
| Audit Risk | 10 |
| Average Analyst Rating | 2.3 - Buy |
| Average Daily Volume10 Day | 948,190 |
| Average Daily Volume3 Month | 1,079,256 |
| Average Volume | 1,079,256 |
| Average Volume10Days | 948,190 |
| Beta | 0.709 |
| Bid | 40.54 |
| Bid Size | 1 |
| Board Risk | 5 |
| Book Value | -12.945 |
| City | Indianapolis |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 2 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 47.75 |
| Current Ratio | 0.841 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 48.375 |
| Day Low | 46.26 |
| Display Name | Calumet |
| Dividend Date | 1,455,235,200 |
| Earnings Call Timestamp End | 1,786,107,600 |
| Earnings Call Timestamp Start | 1,786,107,600 |
| Earnings Timestamp | 1,786,105,800 |
| Earnings Timestamp End | 1,793,968,200 |
| Earnings Timestamp Start | 1,793,968,200 |
| Ebitda | 83,300,000 |
| Ebitda Margins | 0.01814 |
| Enterprise To Ebitda | 80.502 |
| Enterprise To Revenue | 1.46 |
| Enterprise Value | 6,705,840,640 |
| Eps Current Year | 0.67588 |
| Eps Forward | 0.63 |
| Eps Trailing Twelve Months | -1.54 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,454,025,600 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.5342 |
| Fifty Day Average Change | 6.2158012 |
| Fifty Day Average Change Percent | 0.14965501 |
| Fifty Two Week Change Percent | 176.7231 |
| Fifty Two Week High | 51.5 |
| Fifty Two Week High Change | -3.75 |
| Fifty Two Week High Change Percent | -0.07281554 |
| Fifty Two Week Low | 16.0 |
| Fifty Two Week Low Change | 31.75 |
| Fifty Two Week Low Change Percent | 1.984375 |
| Fifty Two Week Range | 16.0 - 51.5 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,138,285,800,000 |
| Five Year Avg Dividend Yield | 14.83 |
| Float Shares | 59,088,709 |
| Forward Eps | 0.63 |
| Forward P E | 75.79365 |
| Free Cashflow | 172,562,496 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 1,540 |
| Fullday Change | 1.98 |
| Fullday Change Percent | 4.32598 |
| Fullday Price | 47.75 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.06921 |
| Gross Profits | 317,800,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.20146 |
| Held Percent Institutions | 0.53382 |
| Implied Shares Outstanding | 87,898,234 |
| Industry | Specialty Chemicals |
| Industry Disp | Specialty Chemicals |
| Industry Key | specialty-chemicals |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,454,025,600 |
| Last Dividend Value | 0.685 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Calumet, Inc. manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally. It operates through Specialty Products and Solutions; Performance Brands; and Montana/Renewables segments. The Specialty Products and Solutions segment manufactures and markets various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The Montana/Renewables segment processes geographically advantaged renewable feedstocks into renewable diesel, aviation fuel, and renewable naphtha. This segment also engages in the process of Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. The Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. It serves wholesale distributors and retail chains. Calumet, Inc. was founded in 1919 and is headquartered in Indianapolis, Indiana. |
| Long Name | Calumet, Inc. |
| Market | us_market |
| Market Cap | 4,197,140,480 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_24249112 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-28 |
| Net Income To Common | -136,800,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 4,023,102,170 |
| Number Of Analyst Opinions | 5 |
| Open | 46.26 |
| Operating Cashflow | 146,100,000 |
| Operating Margins | -0.04567 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.65 |
| Phone | 317 328 5660 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 47.75 |
| Post Market Time | 1,787,959,805 |
| Prev Name | Calumet Specialty Products Partners, L.P. |
| Previous Close | 45.77 |
| Price Eps Current Year | 70.648636 |
| Price Hint | 2 |
| Price To Book | -3.688683 |
| Price To Sales Trailing12 Months | 0.914111 |
| Profit Margins | -0.029790001 |
| Quick Ratio | 0.433 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.33333 |
| Region | US |
| Regular Market Change | 1.98 |
| Regular Market Change Percent | 4.32598 |
| Regular Market Day High | 48.375 |
| Regular Market Day Low | 46.26 |
| Regular Market Day Range | 46.26 - 48.375 |
| Regular Market Open | 46.26 |
| Regular Market Previous Close | 45.77 |
| Regular Market Price | 47.75 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 1,259,460 |
| Return On Assets | -0.01317 |
| Revenue Growth | 0.408 |
| Revenue Per Share | 52.715 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 87,898,234 |
| Shares Percent Shares Out | 0.0405 |
| Shares Short | 3,557,882 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 3,661,359 |
| Short Name | Calumet, Inc |
| Short Percent Of Float | 0.0512 |
| Short Ratio | 2.68 |
| Source Interval | 15 |
| State | IN |
| Symbol | CLMT |
| Target High Price | 60.0 |
| Target Low Price | 40.0 |
| Target Mean Price | 47.4 |
| Target Median Price | 45.0 |
| Total Cash | 109,800,000 |
| Total Cash Per Share | 1.249 |
| Total Debt | 2,367,899,904 |
| Total Revenue | 4,591,499,776 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.54 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 30.6642 |
| Two Hundred Day Average Change | 17.0858 |
| Two Hundred Day Average Change Percent | 0.5571905 |
| Type Disp | Equity |
| Volume | 1,259,460 |
| Website | https://www.calumet.com |
| Zip | 46,204-1044 |