Intrepid Potash (IPI) Expected to Announce Quarterly Earnings on Monday

Intrepid Potash (NYSE:IPI) is anticipated to issue its quarterly earnings data after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $50.35 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Intrepid Potash Trading Down 0.2 %

IPI opened at $26.07 on Friday. The company’s fifty day moving average price is $25.00 and its two-hundred day moving average price is $24.85. Intrepid Potash has a 1-year low of $18.32 and a 1-year high of $29.75. The company has a market cap of $344.83 million, a price-to-earnings ratio of -7.78 and a beta of 2.23.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IPI shares. StockNews.com upgraded shares of Intrepid Potash from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. UBS Group upped their price objective on shares of Intrepid Potash from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, January 28th.

Insider Activity

In other news, major shareholder Robert P. Jornayvaz III sold 5,454 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $26.24, for a total value of $143,112.96. Following the completion of the sale, the insider now owns 371,533 shares in the company, valued at $9,749,025.92. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 341,412 shares of company stock worth $8,725,988 over the last quarter. Insiders own 18.00% of the company’s stock.

Intrepid Potash Company Profile

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.