Intrepid Potash (IPI) Projected to Post Earnings on Monday

Intrepid Potash (NYSE:IPI) is anticipated to release its earnings data after the market closes on Monday, March 3rd. Analysts expect Intrepid Potash to post earnings of ($0.05) per share and revenue of $50.35 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Intrepid Potash Price Performance

Shares of NYSE:IPI opened at $25.51 on Monday. Intrepid Potash has a 1 year low of $18.32 and a 1 year high of $29.75. The firm has a market capitalization of $337.48 million, a price-to-earnings ratio of -7.61 and a beta of 2.23. The business’s 50 day moving average price is $24.81 and its 200-day moving average price is $24.79.

Insider Buying and Selling at Intrepid Potash

In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 192,573 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $25.08, for a total value of $4,829,730.84. Following the completion of the sale, the insider now directly owns 178,860 shares of the company’s stock, valued at $4,485,808.80. This trade represents a 51.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 326,676 shares of company stock worth $8,347,715. Corporate insiders own 18.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IPI. UBS Group increased their target price on Intrepid Potash from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, January 28th. StockNews.com upgraded Intrepid Potash from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th.

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.