Intrepid Potash (IPI) Receiving Somewhat Favorable Press Coverage, Report Shows
Press coverage about Intrepid Potash (NYSE:IPI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Intrepid Potash earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.4327593205836 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Inside the Outlook for Potash Prices Today (finance.yahoo.com)
- Intrepid Potash, Inc. (IPI) stock moved positive 62.01% during past three month session – Street Observer (press release) (streetobserver.com)
- Intrepid Potash, Inc (NYSE:IPI) Closed Well Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Intrepid Potash, Inc. (IPI), Westlake Chemical Corporation (WLK) – ExpressNewsline (expressnewsline.com)
- Market Scope: Tracking Shares of Intrepid Potash, Inc (NYSE:IPI) – Jonesboro Recorder (jonesbororecorder.com)
IPI has been the topic of several research reports. Zacks Investment Research downgraded Intrepid Potash from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 26th. UBS AG downgraded Intrepid Potash from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $2.00 to $2.50 in a report on Monday, August 7th. BidaskClub upgraded Intrepid Potash from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, BMO Capital Markets raised their price objective on Intrepid Potash from $2.00 to $3.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd.
Shares of Intrepid Potash (NYSE IPI) traded up 2.59% on Wednesday, hitting $3.57. The stock had a trading volume of 683,136 shares. The stock has a 50 day moving average of $3.29 and a 200 day moving average of $2.37. Intrepid Potash has a 12-month low of $0.93 and a 12-month high of $3.93. The firm’s market cap is $437.76 million.
Intrepid Potash (NYSE:IPI) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $43.90 million for the quarter, compared to analyst estimates of $37.75 million. Intrepid Potash had a negative return on equity of 12.37% and a negative net margin of 30.56%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.17) earnings per share. Equities analysts predict that Intrepid Potash will post ($0.21) earnings per share for the current fiscal year.
In related news, major shareholder Clearway Capital Management Lt purchased 592,883 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were purchased at an average price of $2.89 per share, with a total value of $1,713,431.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert P. Jornayvaz III purchased 20,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $3.31 per share, for a total transaction of $66,200.00. Following the acquisition, the insider now owns 1,206,650 shares of the company’s stock, valued at $3,994,011.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,122,031 shares of company stock worth $6,603,387. Corporate insiders own 27.30% of the company’s stock.
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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-related products. Its products are potash and Trio.
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