Press coverage about Intrepid Potash (NYSE:IPI) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intrepid Potash earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.4072870311445 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Cowen upgraded Intrepid Potash from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $3.56 to $3.75 in a research note on Monday, March 5th. ValuEngine lowered Intrepid Potash from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Finally, Stephens assumed coverage on Intrepid Potash in a research note on Monday, December 4th. They issued an “equal weight” rating and a $4.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.60.
Shares of Intrepid Potash stock traded down $0.12 on Monday, hitting $3.52. The company’s stock had a trading volume of 307,668 shares, compared to its average volume of 1,024,970. The company has a quick ratio of 0.77, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. Intrepid Potash has a 1 year low of $1.58 and a 1 year high of $5.12. The firm has a market cap of $475.07, a PE ratio of -19.61 and a beta of 0.87.
Intrepid Potash (NYSE:IPI) last announced its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Intrepid Potash had a negative net margin of 14.54% and a negative return on equity of 5.31%. The business had revenue of $33.30 million during the quarter, compared to analysts’ expectations of $30.68 million. During the same quarter in the prior year, the firm earned ($0.19) EPS. Intrepid Potash’s revenue for the quarter was down 21.1% on a year-over-year basis. sell-side analysts expect that Intrepid Potash will post 0.12 EPS for the current year.
In other news, major shareholder Clearway Capital Management Lt acquired 211,344 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $697,435.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert P. Jornayvaz III acquired 15,900 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average price of $3.30 per share, for a total transaction of $52,470.00. Following the completion of the acquisition, the chief executive officer now owns 1,206,650 shares in the company, valued at approximately $3,981,945. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 327,244 shares of company stock valued at $1,097,905. 27.30% of the stock is owned by company insiders.
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About Intrepid Potash
Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.
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