Intrepid Potash (NYSE:IPI - Get Free Report) announced its quarterly earnings results on Monday. The basic materials company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.06), Zacks reports. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. The firm had revenue of $55.80 million during the quarter, compared to the consensus estimate of $50.35 million. During the same quarter in the previous year, the company posted ($0.41) earnings per share.
Intrepid Potash Price Performance
NYSE IPI traded up $0.64 on Thursday, reaching $26.45. The company had a trading volume of 204,137 shares, compared to its average volume of 134,580. Intrepid Potash has a fifty-two week low of $18.32 and a fifty-two week high of $29.75. The business has a 50 day moving average of $25.21 and a two-hundred day moving average of $24.97. The firm has a market cap of $349.89 million, a price-to-earnings ratio of -7.90 and a beta of 2.18.
Insider Activity at Intrepid Potash
In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 5,600 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $27.35, for a total transaction of $153,160.00. Following the transaction, the insider now owns 99,063 shares in the company, valued at approximately $2,709,373.05. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 341,412 shares of company stock worth $8,725,988 in the last quarter. Company insiders own 18.00% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. StockNews.com upgraded Intrepid Potash from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. UBS Group decreased their price objective on Intrepid Potash from $21.00 to $20.00 and set a "sell" rating for the company in a report on Tuesday.
Read Our Latest Report on Intrepid Potash
Intrepid Potash Company Profile
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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.
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