Intrepid Potash (NYSE:IPI - Get Free Report) announced its quarterly earnings data on Monday. The basic materials company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.51, Zacks reports. The company had revenue of $97.76 million during the quarter, compared to the consensus estimate 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 Price Performance
Shares of IPI traded up $0.27 during trading hours on Thursday, hitting $38.12. The stock had a trading volume of 214,444 shares, compared to its average volume of 116,942. The stock has a fifty day moving average price of $29.09 and a 200 day moving average price of $26.77. Intrepid Potash has a 12 month low of $20.75 and a 12 month high of $38.87. The firm has a market capitalization of $507.80 million, a PE ratio of -11.38 and a beta of 1.80.
Insider Buying and Selling at Intrepid Potash
In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 57,441 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $25.84, for a total transaction of $1,484,275.44. Following the completion of the sale, the insider now directly owns 1,227,559 shares of the company's stock, valued at approximately $31,720,124.56. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 170,171 shares of company stock valued at $4,617,835 over the last 90 days. 18.00% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
IPI has been the subject of a number of analyst reports. UBS Group decreased their price target on Intrepid Potash from $20.00 to $19.00 and set a "sell" rating for the company in a research note on Wednesday, April 16th. StockNews.com raised Intrepid Potash from a "sell" rating to a "hold" rating in a report on Tuesday.
Check Out Our Latest Report on IPI
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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