Intrepid Potash (NYSE:IPI) Issues Quarterly Earnings Results

Intrepid Potash (NYSE:IPI) posted its quarterly earnings results on Monday. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.25), Zacks reports. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. The company had revenue of $57.55 million for the quarter, compared to the consensus estimate of $42.57 million. During the same quarter in the previous year, the company posted ($0.53) EPS.

Intrepid Potash Stock Up 2.5 %

Shares of IPI stock traded up $0.68 on Thursday, reaching $27.54. The company’s stock had a trading volume of 40,029 shares, compared to its average volume of 90,227. The stock’s 50 day simple moving average is $24.34 and its 200-day simple moving average is $24.00. The company has a market capitalization of $365.73 million, a P/E ratio of -8.03 and a beta of 2.18. Intrepid Potash has a 12-month low of $17.52 and a 12-month high of $29.75.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Intrepid Potash from $18.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday. StockNews.com raised Intrepid Potash from a “sell” rating to a “hold” rating in a report on Wednesday.

Intrepid Potash Company Profile

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.