Intrepid Potash, Inc. (NYSE:IPI) Director Hugh E. Harvey, Jr. bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $3.23 per share, for a total transaction of $64,600.00. Following the completion of the transaction, the director now directly owns 231,972 shares in the company, valued at approximately $749,269.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE IPI opened at $3.02 on Friday. The firm’s 50-day moving average price is $3.43 and its 200-day moving average price is $3.53. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $428.89 million, a price-to-earnings ratio of 18.06 and a beta of 1.18. Intrepid Potash, Inc. has a 12-month low of $2.51 and a 12-month high of $4.41.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. Intrepid Potash had a net margin of 10.78% and a return on equity of 5.52%. The company had revenue of $62.51 million for the quarter, compared to analyst estimates of $55.68 million. During the same period in the prior year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that Intrepid Potash, Inc. will post 0.21 EPS for the current fiscal year.
Several brokerages have recently issued reports on IPI. ValuEngine cut shares of Intrepid Potash from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Intrepid Potash from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.92.
Intrepid Potash Company Profile
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.
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