Intrepid Potash (NYSE:IPI - Get Free Report) issued its quarterly earnings results on Monday. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.51, Zacks reports. The company had revenue of $97.76 million for the quarter, compared to analysts' expectations of $72.34 million. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%.
Intrepid Potash Stock Up 0.0 %
Shares of NYSE IPI traded up $0.01 during trading on Friday, reaching $37.95. The company had a trading volume of 304,577 shares, compared to its average volume of 116,946. Intrepid Potash has a 12-month low of $20.75 and a 12-month high of $38.87. The business's 50-day moving average is $29.63 and its 200 day moving average is $26.97. The stock has a market cap of $505.38 million, a PE ratio of -11.33 and a beta of 1.80.
Insider Transactions at Intrepid Potash
In related news, major shareholder Robert P. Jornayvaz III sold 59,701 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $37.66, for a total value of $2,248,339.66. Following the transaction, the insider now directly owns 1,044,162 shares of the company's stock, valued at approximately $39,323,140.92. This represents a 5.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 229,872 shares of company stock valued at $6,866,175 in the last quarter. 18.00% of the stock is owned by insiders.
Analyst Ratings Changes
IPI has been the topic of a number of research reports. StockNews.com upgraded shares of Intrepid Potash from a "sell" rating to a "hold" rating in a report on Tuesday. UBS Group cut their price objective on shares of Intrepid Potash from $20.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, April 16th.
Get Our Latest Analysis 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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