Intrepid Potash (NYSE:IPI) Announces Earnings Results

Intrepid Potash (NYSE:IPI - Get Free Report) posted its quarterly earnings results on Monday. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.25), Zacks reports. Intrepid Potash had a negative return on equity of 2.02% and a negative net margin of 19.19%. The firm had revenue of $57.55 million for the quarter, compared to the consensus estimate of $42.57 million. During the same period last year, the company posted ($0.53) earnings per share.

Intrepid Potash Stock Performance

Shares of IPI stock traded up $2.03 on Tuesday, hitting $28.75. The company's stock had a trading volume of 283,096 shares, compared to its average volume of 89,497. The stock's 50 day moving average is $24.20 and its 200-day moving average is $23.91. Intrepid Potash has a fifty-two week low of $17.52 and a fifty-two week high of $29.22. The company has a market capitalization of $381.80 million, a PE ratio of -7.63 and a beta of 2.18.

Analyst Ratings Changes

Separately, UBS Group upped their price objective on shares of Intrepid Potash from $18.00 to $19.00 and gave the company a "sell" rating in a report on Tuesday.

About Intrepid Potash

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.