Intrepid Potash (NYSE:IPI) Posts Earnings Results, Misses Estimates By $0.08 EPS

Intrepid Potash (NYSE:IPI) issued its quarterly earnings data on Monday. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08), Yahoo Finance reports. The firm had revenue of $62.06 million for the quarter, compared to analysts’ expectations of $50.88 million. Intrepid Potash had a negative net margin of 15.95% and a negative return on equity of 1.37%. During the same quarter in the previous year, the business earned $0.33 EPS.

Intrepid Potash Trading Up 5.1 %

Shares of NYSE:IPI traded up $1.13 during trading on Tuesday, reaching $23.21. The company’s stock had a trading volume of 105,519 shares, compared to its average volume of 103,522. Intrepid Potash has a 12 month low of $17.52 and a 12 month high of $28.30. The firm’s 50 day simple moving average is $24.73 and its two-hundred day simple moving average is $22.15. The stock has a market capitalization of $307.97 million, a PE ratio of -6.87 and a beta of 2.22.

Analyst Upgrades and Downgrades

IPI has been the subject of a number of research analyst reports. BMO Capital Markets raised their price objective on Intrepid Potash from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. StockNews.com upgraded Intrepid Potash to a “sell” rating in a research report on Friday, May 10th.

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.