Intrepid Potash (NYSE:IPI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Intrepid Potash, Inc. (NYSE:IPI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.71 and traded as high as $25.65. Intrepid Potash shares last traded at $25.06, with a volume of 144,500 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IPI. UBS Group boosted their price objective on shares of Intrepid Potash from $18.00 to $19.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th. StockNews.com upgraded Intrepid Potash from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th.

Intrepid Potash Stock Up 0.5 %

The company's 50 day moving average price is $25.91 and its two-hundred day moving average price is $24.71.

Intrepid Potash (NYSE:IPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.25). The business had revenue of $57.55 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned ($0.53) EPS. On average, research analysts expect that Intrepid Potash, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in Intrepid Potash by 5.0% in the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company's stock worth $422,000 after purchasing an additional 861 shares during the period. State Street Corp increased its holdings in Intrepid Potash by 0.6% in the 3rd quarter. State Street Corp now owns 227,169 shares of the basic materials company's stock valued at $5,452,000 after acquiring an additional 1,402 shares during the last quarter. Geode Capital Management LLC lifted its stake in Intrepid Potash by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 231,594 shares of the basic materials company's stock worth $5,560,000 after purchasing an additional 1,732 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Intrepid Potash by 5.2% during the 2nd quarter. AQR Capital Management LLC now owns 46,364 shares of the basic materials company's stock valued at $1,086,000 after purchasing an additional 2,306 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Intrepid Potash by 5.2% during the third quarter. Empowered Funds LLC now owns 53,773 shares of the basic materials company's stock valued at $1,291,000 after purchasing an additional 2,680 shares in the last quarter. Institutional investors own 56.13% of the company's stock.

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.