Calumet is a fast-growing specialty chemicals and refining name with a perfect 4-quarter beat streak, but quality is below the minimum bar with zero margins, momentum is weak, and the price of $49.31 is already above the $48.55 analyst target.
Thesis pillars
- Analyst Target Already Exceeded↑Improving
- Quality Below Minimum Floor→Stable
- Fast Revenue Growth→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Feb 27, 2026
Calumet, Inc (CLMT) Stock Analysis
Sector Rotation edge
Basic Materials · Specialty Chemicals
Sell if holding. Engine safety override at $49.89: Quality below floor (1.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Below-average business quality; Negative price momentum.
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... Read more
Sell if holding. Engine safety override at $49.89: Quality below floor (1.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.9/10, moderate confidence.
Passes 4/8 gates (clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 7d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent Developments — Calumet, Inc
Latest news
- NEWS 'Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump; Trump has asked Europe to releas — benzinga Oct 2, 2026 neutral
- NEWS Dozens Of U.S. Oil Refining And Business Groups Urge Trump To Reject Any Effort To Impose Ban On Diesel Exports — benzinga Sep 23, 2026 neutral
- NEWS Salesforce To Rally More Than 16%? Here Are 10 Top Analyst Forecasts For Wednesday — benzinga Sep 2, 2026 neutral
- NEWS HC Wainwright & Co. Maintains Buy on Calumet, Raises Price Target to $75 — benzinga Sep 2, 2026 positive
- NEWS Calumet Announces New Flight Plan For MaxSAF Expansion At Montana Renewables — benzinga Sep 1, 2026 positive
Generated 2026-10-29T11:53:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMcounterpartyJ. Aron10-K Item 1A: 'Our arrangement with J. Aron exposes us to J. Aron-related credit and performance risk as well as potential refinancing risks.'
- MEDIUMSupplierEnterprise Products Partners L.P. and Plains pipelines10-K Item 1A: 'Our Shreveport facility is interconnected to a pipeline ... pipelines operated by subsidiaries of Enterprise Products Partners L.P. and Plains.'
- MEDIUMCommoditynatural gas10-K Item 1A: 'Natural gas and utility costs constituted approximately 14.0% and 10.3% of our total operating expenses included in cost of sales for the years ended December 31, 2025 and 2024, respectively.'
Material Events(8-K, last 90d)
- 2026-03-25Item 5.02LOWDirector Jennifer G. Straumins notified the Board on March 23, 2026 of her decision not to stand for re-election to the Board, retiring at end of her term at the 2026 Annual Meeting of Stockholders. No disagreement with operations, policies or practices cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 floor-breakers·1 ceiling hit
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $49.89: Quality below floor (1.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $46.80. Score 5.9/10, moderate confidence.
Analyst target $48.55 reached (−2.7% from $49.89); no take-profit level is published. Prior stop was $46.80. Stop-loss: $46.80.
Target reached (-2.7% upside); Quality below floor (1.9 < 4.0).
Calumet, Inc trades at a P/E of N/A (forward 15.6). TrendMatrix value score: 8.2/10. Verdict: Sell.
12 analysts cover CLMT with a consensus score of 3.8/5. Average price target: $56.
What does Calumet, Inc do?Calumet, Inc. manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North...
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.