Intrepid Potash (NYSE:IPI – Get Free Report) released its quarterly earnings results on Tuesday. The potash and fertilizer producer reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.09), FiscalAI reports. The company had revenue of $51.03 million for the quarter, compared to the consensus estimate of $50.41 million. Intrepid Potash had a net margin of 8.94% and a return on equity of 4.74%.
Intrepid Potash Trading Down 0.8%
IPI traded down $0.24 during trading on Tuesday, hitting $30.75. 190,300 shares of the company traded hands, compared to its average volume of 247,520. The company has a market cap of $413.85 million, a PE ratio of 15.53 and a beta of 1.31. The stock’s 50-day simple moving average is $35.24 and its two-hundred day simple moving average is $36.51. Intrepid Potash has a 1 year low of $22.55 and a 1 year high of $50.34.
Analyst Upgrades and Downgrades
IPI has been the topic of a number of analyst reports. UBS Group reiterated a “buy” rating on shares of Intrepid Potash in a research note on Monday. Freedom Capital raised shares of Intrepid Potash to a “strong-buy” rating in a report on Friday, July 24th. Zacks Research cut shares of Intrepid Potash from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 7th. Freedom Broker lowered their price target on shares of Intrepid Potash from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Intrepid Potash in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.00.
About Intrepid Potash
Intrepid Potash, Inc is a U.S.-based mineral producer specializing in potash and specialty fertilizers.
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