According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “
Shares of Intrepid Potash (NYSE:IPI) traded up 1.41% during trading on Tuesday, hitting $2.16. 679,886 shares of the stock were exchanged. The stock’s market cap is $162.18 million. Intrepid Potash has a one year low of $0.65 and a one year high of $3.04. The stock’s 50 day moving average price is $1.98 and its 200 day moving average price is $1.43.
Intrepid Potash (NYSE:IPI) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.11. The company had revenue of $43.64 million for the quarter, compared to analyst estimates of $35.83 million. Intrepid Potash had a negative return on equity of 16.76% and a negative net margin of 268.61%. The business’s revenue was down 18.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. Equities research analysts predict that Intrepid Potash will post ($0.74) EPS for the current year.
In other Intrepid Potash news, Director Terry Considine sold 29,921 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $1.29, for a total value of $38,598.09. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert P. Jornayvaz III bought 47,210 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $51,458.90. The disclosure for this purchase can be found here. 27.20% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Intrepid Potash by 2.2% in the third quarter. Principal Financial Group Inc. now owns 404,539 shares of the company’s stock valued at $457,000 after buying an additional 8,531 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Intrepid Potash by 1.9% in the third quarter. Ameriprise Financial Inc. now owns 277,056 shares of the company’s stock valued at $313,000 after buying an additional 5,245 shares in the last quarter. Great Lakes Advisors LLC raised its stake in Intrepid Potash by 10.7% in the third quarter. Great Lakes Advisors LLC now owns 1,171,655 shares of the company’s stock valued at $1,324,000 after buying an additional 113,010 shares in the last quarter. California Public Employees Retirement System raised its stake in Intrepid Potash by 49.4% in the third quarter. California Public Employees Retirement System now owns 654,800 shares of the company’s stock valued at $740,000 after buying an additional 216,500 shares in the last quarter. Finally, Walthausen & Co. LLC raised its stake in Intrepid Potash by 19.3% in the second quarter. Walthausen & Co. LLC now owns 2,867,574 shares of the company’s stock valued at $4,129,000 after buying an additional 464,750 shares in the last quarter. 42.53% of the stock is currently owned by institutional investors.
Intrepid Potash Company Profile
Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium containing products segment. Its products are potash and Trio.
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