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Intrepid Potash (NYSE:IPI – Get Free Report) will likely be announcing its earnings results after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $50.35 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Intrepid Potash Stock Performance
Shares of NYSE:IPI opened at $26.07 on Friday. Intrepid Potash has a 52 week low of $18.32 and a 52 week high of $29.75. The company’s fifty day moving average is $25.07 and its 200-day moving average is $24.90. The company has a market capitalization of $344.83 million, a PE ratio of -7.78 and a beta of 2.23.
Insider Buying and Selling
In related news, major shareholder Robert P. Jornayvaz III sold 5,454 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total transaction of $143,112.96. Following the transaction, the insider now owns 371,533 shares in the company, valued at $9,749,025.92. This represents a 1.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 341,412 shares of company stock worth $8,725,988 in the last 90 days. Corporate insiders own 18.00% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on IPI shares. StockNews.com upgraded shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. UBS Group boosted their target price on shares of Intrepid Potash from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, January 28th.
Get Our Latest Report on Intrepid Potash
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.
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