Intrepid Potash (NYSE:IPI – Get Free Report) released its quarterly earnings data on Tuesday. The potash and fertilizer producer reported $0.14 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.09), FiscalAI reports. Intrepid Potash had a net margin of 8.94% and a return on equity of 4.74%. The business had revenue of $51.03 million for the quarter, compared to analysts’ expectations of $50.41 million.
Intrepid Potash Stock Performance
Shares of IPI stock traded down $0.88 during mid-day trading on Wednesday, reaching $29.87. 189,083 shares of the company’s stock traded hands, compared to its average volume of 247,225. Intrepid Potash has a 12 month low of $22.55 and a 12 month high of $50.34. The firm has a 50 day moving average price of $35.10 and a two-hundred day moving average price of $36.49. The firm has a market capitalization of $402.06 million, a PE ratio of 15.08 and a beta of 1.06.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Freedom Capital raised shares of Intrepid Potash to a “strong-buy” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Intrepid Potash in a report on Wednesday, August 19th. Freedom Broker cut their price objective on Intrepid Potash from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday. Zacks Research downgraded Intrepid Potash from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 7th. Finally, UBS Group reissued a “buy” rating on shares of Intrepid Potash in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.
Intrepid Potash Company Profile
Intrepid Potash, Inc is a U.S.-based mineral producer specializing in potash and specialty fertilizers.
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