Intrepid Potash (NYSE:IPI) Issues Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Intrepid Potash (NYSE:IPI) announced its quarterly earnings results on Monday. The basic materials company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.25), Zacks reports. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. The business had revenue of $57.55 million for the quarter, compared to the consensus estimate of $42.57 million. During the same quarter in the prior year, the business earned ($0.53) EPS.

Intrepid Potash Trading Up 2.9 %

NYSE IPI traded up $0.79 on Thursday, hitting $27.65. 39,285 shares of the company were exchanged, compared to its average volume of 90,224. Intrepid Potash has a 1-year low of $17.52 and a 1-year high of $29.75. The firm has a 50 day moving average of $24.34 and a two-hundred day moving average of $24.00. The company has a market cap of $367.19 million, a P/E ratio of -8.03 and a beta of 2.18.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group raised their target price on Intrepid Potash from $18.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday. StockNews.com upgraded Intrepid Potash from a “sell” rating to a “hold” rating in a research report on Wednesday.

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.