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Calumet, Inc. (CLMT)

Basic Materials | Specialty Chemicals | Indianapolis, United States | NasdaqGS
39.58 USD +0.11 (0.279%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★★★☆Long-term:★★☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | July 11, 2026, 4:33 a.m. EDT

The immediate outlook is bullish, driven by a powerful technical rebound and aggressive options positioning. The stock has surged nearly 50% from its 200-day average, and the options market is screaming for a continuation, with massive call walls at $45 and heavy buying at strikes just above the current price. This suggests a high-conviction short-term momentum play where traders are betting on a breakout past the $40 psychological barrier. However, the long-term investment case remains deeply flawed. Despite the recent price surge, the company's fundamentals are deteriorating. It is currently unprofitable with negative operating margins and a negative book value, trading at a forward P/E of 127x—a valuation that makes no sense for a loss-making specialty chemical firm. The recent price action appears to be a speculative re-rating rather than a reflection of sustainable earnings power. While the short-term catalysts and options flow create a compelling entry for a swing trade, the lack of profitability and negative equity structure prevent any recommendation for a long-term buy-and-hold strategy.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.054892
AutoETS0.060808
AutoARIMA0.060809
MSTL0.066009
MSTL_840.070402
MSTL_84_1150.077390
MSTL_1150.089100

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 35%
H-stat 5.33
Ljung-Box p 0.000
Jarque-Bera p 0.265
Excess Kurtosis -0.51
Attribute Value
Sector Basic Materials
Ex Dividend Date 2016-01-28
Last Dividend Date 2016-01-28
Revenue per Share 48.018
Market Cap 3,449,284,096
Forward P/E 94.24
Beta 0.72
Profit Margins -4.52%
Previous Name Calumet Specialty Products Partners, L.P.
Website https://www.calumet.com

As of July 11, 2026, 4:33 a.m. EDT: Speculators are aggressively positioning for a significant upside breakout, evidenced by massive open interest walls at $45 and heavy volume at $43 for near-term calls. Conversely, deep out-of-the-money puts ($12-$18) show substantial open interest, suggesting a hedge against a potential crash or a 'long gamma' setup where dealers face pressure if the stock drops. However, the sheer disparity in call volume versus put volume indicates the primary speculative thesis is a rally toward the $40-$45 resistance zone.

Dividend Data

Dividend History
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
Additional Data
exDividendDate 2016-01-29
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.685
lastDividendDate 2016-01-29
dividendDate 2016-02-12

Info Dump

Attribute Value
52 Week Change 1.4096458
Address1 1,060 N Capitol Ave.
Address2 Suite 6-401
All Time High 55.26
All Time Low 0.82
Ask 45.11
Ask Size 1
Audit Risk 10
Average Daily Volume10 Day 968,020
Average Daily Volume3 Month 916,419
Average Volume 916,419
Average Volume10Days 968,020
Beta 0.717
Bid 33.96
Bid Size 1
Board Risk 5
Book Value -11.985
City Indianapolis
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 39.58
Current Ratio 0.963
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 41.37
Day Low 39.4
Display Name Calumet
Dividend Date 1,455,235,200
Earnings Call Timestamp End 1,778,245,200
Earnings Call Timestamp Start 1,778,245,200
Earnings Timestamp 1,778,243,400
Earnings Timestamp End 1,786,105,800
Earnings Timestamp Start 1,786,105,800
Ebitda 54,700,000
Ebitda Margins 0.01311
Enterprise To Ebitda 110.718
Enterprise To Revenue 1.451
Enterprise Value 6,056,284,160
Eps Current Year -3.29
Eps Forward 0.42
Eps Trailing Twelve Months -2.16
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 34.4592
Fifty Day Average Change 5.1208
Fifty Day Average Change Percent 0.14860472
Fifty Two Week Change Percent 140.96458
Fifty Two Week High 41.37
Fifty Two Week High Change -1.7899971
Fifty Two Week High Change Percent -0.043268
Fifty Two Week Low 12.94
Fifty Two Week Low Change 26.640003
Fifty Two Week Low Change Percent 2.058733
Fifty Two Week Range 12.94 - 41.37
Financial Currency USD
First Trade Date Milliseconds 1,138,285,800,000
Five Year Avg Dividend Yield 14.83
Float Shares 58,451,334
Forward Eps 0.42
Forward P E 94.238106
Free Cashflow 155,612,496
Full Exchange Name NasdaqGS
Full Time Employees 1,540
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.061300002
Gross Profits 255,800,000
Has Pre Post Market Data 1
Held Percent Insiders 0.20267999
Held Percent Institutions 0.53699
Implied Shares Outstanding 87,147,147
Industry Specialty Chemicals
Industry Disp Specialty Chemicals
Industry Key specialty-chemicals
Is Earnings Date Estimate 1
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 3,449,284,096
Market State PRE
Max Age 86,400
Message Board Id finmb_24249112
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-13
Net Income To Common -188,800,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,437,954,949
Number Of Analyst Opinions 5
Open 40.18
Operating Cashflow 52,000,000
Operating Margins -0.27843
Overall Risk 6
Payout Ratio 0.0
Peg Ratio 0.65
Phone 317 328 5660
Prev Name Calumet Specialty Products Partners, L.P.
Previous Close 39.47
Price Eps Current Year -12.0303955
Price Hint 2
Price To Book -3.3024616
Price To Sales Trailing12 Months 0.8265916
Profit Margins -0.04524
Quick Ratio 0.516
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.110001
Regular Market Change Percent 0.278694
Regular Market Day High 41.37
Regular Market Day Low 39.4
Regular Market Day Range 39.4 - 41.37
Regular Market Open 40.18
Regular Market Previous Close 39.47
Regular Market Price 39.58
Regular Market Time 1,783,972,801
Regular Market Volume 1,677,145
Return On Assets -0.02005
Revenue Growth 0.036
Revenue Per Share 48.018
Sand P52 Week Change 0.20847368
Sector Basic Materials
Sector Disp Basic Materials
Sector Key basic-materials
Share Holder Rights Risk 8
Shares Outstanding 87,147,147
Shares Percent Shares Out 0.049200002
Shares Short 4,290,075
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 4,218,921
Short Name Calumet, Inc
Short Percent Of Float 0.0624
Short Ratio 4.73
Source Interval 15
State IN
Symbol CLMT
Target High Price 60.0
Target Low Price 26.0
Target Mean Price 38.8
Target Median Price 36.0
Total Cash 138,600,000
Total Cash Per Share 1.59
Total Debt 2,495,000,064
Total Revenue 4,172,900,096
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -2.16
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 26.35155
Two Hundred Day Average Change 13.228453
Two Hundred Day Average Change Percent 0.5019991
Type Disp Equity
Volume 1,677,145
Website https://www.calumet.com
Zip 46,204-1044