Intrepid Potash (NYSE:IPI) announced its earnings results on Sunday. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05, MarketWatch Earnings reports. Intrepid Potash had a negative return on equity of 4.43% and a negative net margin of 12.34%. During the same period last year, the company posted ($0.20) earnings per share.
Shares of IPI stock traded up $2.00 on Tuesday, reaching $35.69. The stock had a trading volume of 5,637 shares, compared to its average volume of 200,317. The stock has a market cap of $480.10 million, a P/E ratio of -19.21 and a beta of 2.26. Intrepid Potash has a 1 year low of $7.60 and a 1 year high of $39.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.64 and a current ratio of 1.96. The company has a 50 day simple moving average of $32.20 and a 200 day simple moving average of $23.30.
A number of research analysts recently weighed in on the company. Roth Capital raised their price objective on Intrepid Potash from $11.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, March 4th. TheStreet raised Intrepid Potash from a “d+” rating to a “c-” rating in a research report on Friday, March 5th. Zacks Investment Research raised Intrepid Potash from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, April 22nd. Finally, BMO Capital Markets raised their price objective on Intrepid Potash from $15.00 to $30.00 and gave the company a “market perform” rating in a research report on Wednesday, March 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Intrepid Potash currently has a consensus rating of “Hold” and an average target price of $25.40.
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.
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