Intrepid Potash (NYSE:IPI) Issues Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Intrepid Potash (NYSE:IPI) posted its earnings results on Monday. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.25), Zacks reports. Intrepid Potash had a negative return on equity of 2.02% and a negative net margin of 19.19%. The company had revenue of $57.55 million during the quarter, compared to analyst estimates of $42.57 million. During the same quarter last year, the firm posted ($0.53) earnings per share.

Intrepid Potash Stock Performance

Shares of IPI stock opened at $28.75 on Wednesday. The stock’s fifty day moving average is $24.29 and its 200-day moving average is $23.98. The stock has a market capitalization of $381.80 million, a PE ratio of -7.63 and a beta of 2.18. Intrepid Potash has a 52 week low of $17.52 and a 52 week high of $29.22.

Wall Street Analysts Forecast Growth

Separately, UBS Group upped their price target on Intrepid Potash from $18.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday.

About Intrepid Potash

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.