Intrepid Potash (IPI) Getting Positive Press Coverage, Study Shows
Media coverage about Intrepid Potash (NYSE:IPI) has trended positive recently, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Intrepid Potash earned a news impact score of 0.31 on Alpha One’s scale. Alpha One also gave media headlines about the basic materials company an impact score of 93 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
Shares of Intrepid Potash (NYSE:IPI) traded up 2.82% during midday trading on Thursday, reaching $1.82. The company had a trading volume of 758,151 shares. Intrepid Potash has a 1-year low of $0.85 and a 1-year high of $3.04. The stock’s market capitalization is $131.60 million. The firm’s 50 day moving average price is $1.72 and its 200-day moving average price is $1.71.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Tuesday, February 28th. The basic materials company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.07. Intrepid Potash had a negative net margin of 268.61% and a negative return on equity of 16.76%. The company earned $42.20 million during the quarter, compared to analyst estimates of $28.54 million. During the same period in the prior year, the business posted ($0.26) EPS. Intrepid Potash’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Intrepid Potash will post ($0.32) EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Intrepid Potash from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Thursday, January 26th.
In other Intrepid Potash news, Director Hugh E. Harvey, Jr. acquired 3,233,332 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was bought at an average cost of $1.20 per share, for a total transaction of $3,879,998.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert P. Jornayvaz III acquired 6,300,000 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was acquired at an average price of $1.20 per share, with a total value of $7,560,000.00. The disclosure for this purchase can be found here. Corporate insiders own 27.20% of the company’s stock.
About Intrepid Potash
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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