Intrepid Potash Stock Rating Lowered by BGC Financial (IPI)
Intrepid Potash (NYSE:IPI) was downgraded by equities researchers at BGC Financial from a “buy” rating to a “hold” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Intrepid Potash (NYSE:IPI) opened at 14.56 on Friday. Intrepid Potash has a one year low of $10.60 and a one year high of $24.26. The stock has a 50-day moving average of $15.64 and a 200-day moving average of $16.49. The company has a market cap of $1.098 billion and a P/E ratio of 15.15.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.02. The company had revenue of $70.50 million for the quarter, compared to the consensus estimate of $89.97 million. During the same quarter last year, the company posted $0.44 earnings per share. Intrepid Potash’s revenue was down 45.5% compared to the same quarter last year. On average, analysts predict that Intrepid Potash will post $0.50 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Intrepid Potash from $13.00 to $14.50 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley downgraded shares of Intrepid Potash from an “equal weight” rating to an “underweight” rating in a research note to investors on Friday, October 4th. Finally, analysts at BMO Capital Markets downgraded shares of Intrepid Potash from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, September 26th. They now have a $11.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Intrepid Potash has a consensus rating of “Hold” and a consensus target price of $14.57.
Intrepid Potash, Inc(NYSE:IPI) is a producer of muriate of potash (potassium chloride or potash) in the United States and are engaged the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral containing potassium, magnesium, and sulfate, that is produced from langbeinite ore and as Trio when it refers to sales and marketing.
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