Calumet, Inc. (CLMT)Basic Materials | Specialty Chemicals | Indianapolis, United States | NasdaqGS
32.21 USD
-0.33
(-1.014%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 32.50 +0.29 (0.900%) ⇧ (April 17, 2026, 7:08 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 12:50 a.m. EDT
Calumet (CLMT) presents as a high-risk, fundamental value trap with a short-term rating of 3 (balanced/unclear) masked by aggressive long-dated bearish positioning. The 99% Put OI dominance for 2027 suggests a 'wait for the crash' or deep hedging strategy by insiders or large funds, a sentiment completely absent in the price action (10.0% predicted upside) and analyst consensus. However, with a 94x Forward PE and negative earnings mitigated by strong short-term demand, the instrument lacks the fundamental 'buy' signal for a long-term hold (rated 1) and offers no dividend (rated 0). The momentum looks strong on the charts, but the options flow is screaming 'protection,' creating a significant divergence risk. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.250495 |
| AutoARIMA | 0.275494 |
| AutoETS | 0.275497 |
| MSTL | 0.277375 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 49% |
| H-stat | 4.55 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.586 |
| Excess Kurtosis | -0.16 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Ex Dividend Date | 2016-01-28 |
| Last Dividend Date | 2016-01-28 |
| Revenue per Share | 47.684 |
| Market Cap | 2,795,072,768 |
| Forward P/E | 94.74 |
| Beta | 0.86 |
| Profit Margins | -0.82% |
| Previous Name | Calumet Specialty Products Partners, L.P. |
| Website | https://www.calumet.com |
As of April 19, 2026, 12:50 a.m. EDT: There is an overwhelming put skew dominating the options landscape, particularly for the long-dated 2027 expiration where ~99% of Open Interest (OI) and ~96% of volume are concentrated in out-of-the-money (OTM) puts with strikes as low as 5.0-8.0. This indicates strong speculative positioning for a significant downside or a massive crash, rather than a modest decline. In the near term (April 2026), unexplained volume spikes exist at deep OTM strikes (12.0, 10.0) suggesting specific income-seeking or hedging strategies. Conversely, call activity is subdued and heavily capped by the current price/low interest, with a 'glass ceiling' of OI at the 45.0 strike. Implied volatility is significantly elevated at deep OTM levels across both sides, pricing in extreme returns: ~1331% for 12.0 puts vs 68% ATM. Speculators are aggressively buying cheap downside protection, while remaining largely neutral or bearish on upside momentum.
| Date | Dividend | Yield % |
|---|---|---|
| 2016-01-29 | 0.685 | 4.070113 |
| 2015-10-30 | 0.685 | 2.668050 |
| 2015-07-31 | 0.685 | 2.669501 |
| 2015-05-01 | 0.685 | 2.729023 |
| 2015-01-30 | 0.685 | 3.046816 |
| 2014-10-31 | 0.685 | 2.942730 |
| 2014-07-31 | 0.685 | 2.602649 |
| 2014-05-01 | 0.685 | 2.932993 |
| 2014-01-31 | 0.685 | 2.907103 |
| 2013-10-31 | 0.685 | 2.900933 |
| 2013-07-31 | 0.685 | 2.692824 |
| 2013-05-01 | 0.680 | 2.480841 |
| 2013-01-31 | 0.650 | 2.750831 |
| 2012-10-31 | 0.620 | 2.675445 |
| 2012-08-01 | 0.590 | 3.345561 |
| 2012-05-02 | 0.560 | 2.946521 |
| 2012-02-01 | 0.530 | 3.560344 |
| 2011-11-02 | 0.500 | 4.005439 |
| 2011-07-29 | 0.495 | 3.422150 |
| 2011-04-29 | 0.475 | 3.374773 |
| 2011-02-02 | 0.470 | 3.139769 |
| 2010-10-29 | 0.460 | 3.447357 |
| 2010-07-30 | 0.455 | 4.123602 |
| 2010-04-30 | 0.455 | 3.464569 |
| 2010-01-29 | 0.455 | 3.963370 |
| 2009-10-30 | 0.450 | 5.037041 |
| 2009-07-31 | 0.450 | 4.683029 |
| 2009-05-01 | 0.450 | 7.265909 |
| 2009-01-30 | 0.450 | 7.836544 |
| 2008-10-31 | 0.450 | 6.180816 |
| 2008-07-31 | 0.450 | 6.737479 |
| 2008-05-01 | 0.450 | 7.177310 |
| 2008-01-31 | 0.630 | 3.924768 |
| 2007-10-31 | 0.630 | 3.063667 |
| 2007-08-01 | 0.630 | 2.839470 |
| 2007-05-02 | 0.600 | 2.609268 |
| 2007-01-31 | 0.600 | 3.207644 |
| 2006-11-01 | 0.550 | 4.082600 |
| 2006-08-02 | 0.450 | 3.666301 |
| 2006-04-28 | 0.300 | 2.435712 |
| Attribute | Value |
|---|---|
| 52 Week Change | 2.4934924 |
| Address1 | 1,060 N Capitol Ave. |
| Address2 | Suite 6-401 |
| All Time High | 55.26 |
| All Time Low | 0.82 |
| Ask | 32.32 |
| Ask Size | 2 |
| Audit Risk | 9 |
| Average Analyst Rating | 2.0 - Buy |
| Average Daily Volume10 Day | 1,120,180 |
| Average Daily Volume3 Month | 1,461,840 |
| Average Volume | 1,461,840 |
| Average Volume10Days | 1,120,180 |
| Beta | 0.855 |
| Bid | 32.11 |
| Bid Size | 2 |
| Board Risk | 6 |
| Book Value | -8.444 |
| City | Indianapolis |
| Compensation As Of Epoch Date | 1,735,603,200 |
| Compensation Risk | 5 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 32.21 |
| Current Ratio | 1.02 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 32.53 |
| Day Low | 31.1106 |
| Display Name | Calumet |
| Dividend Date | 1,455,235,200 |
| Earnings Call Timestamp End | 1,772,200,800 |
| Earnings Call Timestamp Start | 1,772,200,800 |
| Earnings Timestamp | 1,772,199,000 |
| Earnings Timestamp End | 1,778,243,400 |
| Earnings Timestamp Start | 1,778,243,400 |
| Ebitda | 227,300,000 |
| Ebitda Margins | 0.05494 |
| Enterprise To Ebitda | 23.646 |
| Enterprise To Revenue | 1.299 |
| Enterprise Value | 5,374,672,896 |
| Eps Current Year | -0.18 |
| Eps Forward | 0.34 |
| Eps Trailing Twelve Months | -0.39 |
| 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 | 29.9818 |
| Fifty Day Average Change | 2.228199 |
| Fifty Day Average Change Percent | 0.07431839 |
| Fifty Two Week Change Percent | 249.34924 |
| Fifty Two Week High | 36.94 |
| Fifty Two Week High Change | -4.7299995 |
| Fifty Two Week High Change Percent | -0.12804547 |
| Fifty Two Week Low | 8.88 |
| Fifty Two Week Low Change | 23.329998 |
| Fifty Two Week Low Change Percent | 2.627252 |
| Fifty Two Week Range | 8.88 - 36.94 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,138,285,800,000 |
| Five Year Avg Dividend Yield | 14.83 |
| Float Shares | 56,021,206 |
| Forward Eps | 0.34 |
| Forward P E | 94.73529 |
| Free Cashflow | -74,237,504 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 1,540 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.06331 |
| Gross Profits | 261,900,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.22051 |
| Held Percent Institutions | 0.51646 |
| Implied Shares Outstanding | 86,776,553 |
| 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 | 2,795,072,768 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_24249112 |
| Most Recent Quarter | 1,767,139,200 |
| Name Change Date | 2,026-04-19 |
| Net Income To Common | -33,800,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 2,795,072,739 |
| Number Of Analyst Opinions | 5 |
| Open | 32.41 |
| Operating Cashflow | 108,900,000 |
| Operating Margins | -0.03264 |
| Overall Risk | 7 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.65 |
| Phone | 317 328 5660 |
| Post Market Change | 0.29000092 |
| Post Market Change Percent | 0.9003444 |
| Post Market Price | 32.5 |
| Post Market Time | 1,776,467,327 |
| Prev Name | Calumet Specialty Products Partners, L.P. |
| Previous Close | 32.54 |
| Price Eps Current Year | -178.94443 |
| Price Hint | 2 |
| Price To Book | -3.8145428 |
| Price To Sales Trailing12 Months | 0.6756116 |
| Profit Margins | -0.008169999 |
| Quick Ratio | 0.425 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.0 |
| Region | US |
| Regular Market Change | -0.330002 |
| Regular Market Change Percent | -1.01414 |
| Regular Market Day High | 32.53 |
| Regular Market Day Low | 31.1106 |
| Regular Market Day Range | 31.1106 - 32.53 |
| Regular Market Open | 32.41 |
| Regular Market Previous Close | 32.54 |
| Regular Market Price | 32.21 |
| Regular Market Time | 1,776,456,001 |
| Regular Market Volume | 1,655,699 |
| Return On Assets | 0.01815 |
| Revenue Growth | 0.094 |
| Revenue Per Share | 47.684 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 86,776,552 |
| Shares Percent Shares Out | 0.0645 |
| Shares Short | 5,596,765 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 5,441,750 |
| Short Name | Calumet, Inc |
| Short Percent Of Float | 0.081599995 |
| Short Ratio | 3.72 |
| Source Interval | 15 |
| State | IN |
| Symbol | CLMT |
| Target High Price | 60.0 |
| Target Low Price | 25.0 |
| Target Mean Price | 36.6 |
| Target Median Price | 34.0 |
| Total Cash | 125,100,000 |
| Total Cash Per Share | 1.442 |
| Total Debt | 2,459,099,904 |
| Total Revenue | 4,137,100,032 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.39 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 21.2583 |
| Two Hundred Day Average Change | 10.951698 |
| Two Hundred Day Average Change Percent | 0.5151728 |
| Type Disp | Equity |
| Volume | 1,655,699 |
| Website | https://www.calumet.com |
| Zip | 46,204-1044 |