Intrepid Potash, Inc. (NYSE:IPI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.51 and traded as high as $27.07. Intrepid Potash shares last traded at $26.46, with a volume of 82,192 shares traded.
Analyst Upgrades and Downgrades
IPI has been the subject of several recent research reports. UBS Group boosted their target price on shares of Intrepid Potash from $18.00 to $19.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Intrepid Potash from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th.
View Our Latest Analysis on IPI
Intrepid Potash Price Performance
The business has a 50-day moving average price of $25.07 and a 200-day moving average price of $24.51.
Intrepid Potash (NYSE:IPI - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.25). The firm had revenue of $57.55 million during the quarter, compared to analysts' expectations of $42.57 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. During the same period last year, the company earned ($0.53) EPS. As a group, sell-side analysts predict that Intrepid Potash, Inc. will post -0.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Intrepid Potash in the 3rd quarter valued at about $142,000. Quest Partners LLC raised its holdings in Intrepid Potash by 24,863.2% in the third quarter. Quest Partners LLC now owns 9,486 shares of the basic materials company's stock valued at $228,000 after acquiring an additional 9,448 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Intrepid Potash in the second quarter valued at approximately $303,000. Barclays PLC lifted its stake in Intrepid Potash by 282.6% in the third quarter. Barclays PLC now owns 14,350 shares of the basic materials company's stock worth $344,000 after acquiring an additional 10,599 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Intrepid Potash by 5.0% during the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company's stock worth $422,000 after acquiring an additional 861 shares in the last quarter. Institutional investors and hedge funds own 56.13% of the company's stock.
About Intrepid Potash
(
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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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