Intrepid Potash (NYSE:IPI) Posts Earnings Results, Misses Expectations By $0.25 EPS

Intrepid Potash (NYSE:IPI) announced its quarterly earnings data on Monday. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.25), Zacks reports. The business had revenue of $57.55 million during the quarter, compared to analysts’ expectations 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 last year, the company posted ($0.53) EPS.

Intrepid Potash Trading Up 2.5 %

IPI traded up $0.68 on Thursday, hitting $27.54. 40,029 shares of the company’s stock traded hands, compared to its average volume of 90,227. Intrepid Potash has a one year low of $17.52 and a one year high of $29.75. The firm has a market cap of $365.73 million, a price-to-earnings ratio of -8.03 and a beta of 2.18. The company’s 50 day simple moving average is $24.34 and its 200-day simple moving average is $24.00.

Analysts Set New Price Targets

Several analysts have issued reports on IPI shares. StockNews.com upgraded shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group lifted their target price on shares of Intrepid Potash from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday.

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.