Somewhat Positive Media Coverage Somewhat Unlikely to Impact Intrepid Potash (IPI) Share Price
News articles about Intrepid Potash (NYSE:IPI) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Intrepid Potash earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.5704114274785 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Fertilizer Price Update for the Week Ending October 13 (finance.yahoo.com)
- Technical Facts to Know Intrepid Potash, Inc. (IPI) moves 338.92% away from One Year Low – Voice Of Analysts (analystsbuzz.com)
- Intrepid Potash, Inc (IPI) Expected to Post Earnings of -$0.04 Per Share (americanbankingnews.com)
- Intrepid Potash, Inc. (IPI) noted a price change of 3.81% and Unum Group (UNM) closes with a move of -0.08% – Stocks Gallery (stocksgallery.com)
- ETFs with exposure to Intrepid Potash, Inc. : October 16, 2017 (finance.yahoo.com)
Intrepid Potash (IPI) remained flat at $3.88 during mid-day trading on Wednesday. The company’s stock had a trading volume of 718,746 shares. The firm has a 50 day moving average price of $3.94 and a 200 day moving average price of $2.82. Intrepid Potash has a 12 month low of $0.93 and a 12 month high of $4.63. The company’s market cap is $475.78 million.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $43.90 million for the quarter, compared to the consensus estimate of $37.75 million. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.17) EPS. On average, equities analysts anticipate that Intrepid Potash will post ($0.20) EPS for the current fiscal year.
IPI has been the topic of several analyst reports. Zacks Investment Research raised shares of Intrepid Potash from a “sell” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Wednesday, August 9th. BidaskClub raised shares of Intrepid Potash from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $2.00 price target on shares of Intrepid Potash in a research report on Friday, July 7th. Finally, UBS AG lowered shares of Intrepid Potash from a “neutral” rating to a “sell” rating and upped their price target for the stock from $2.00 to $2.50 in a research report on Monday, August 7th.
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In related news, major shareholder Clearway Capital Management Lt purchased 592,883 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were bought at an average cost of $2.89 per share, with a total value of $1,713,431.87. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert P. Jornayvaz III purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $3.31 per share, for a total transaction of $66,200.00. Following the completion of the acquisition, the insider now directly owns 1,206,650 shares in the company, valued at approximately $3,994,011.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,122,031 shares of company stock worth $6,603,387 over the last ninety days. Insiders own 27.30% 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-related products. Its products are potash and Trio.
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