Intrepid Potash Rating Lowered to Sell at BGC Financial (IPI)
Intrepid Potash (NYSE:IPI) was downgraded by investment analysts at BGC Financial from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Intrepid Potash from $15.00 to $16.00 in a research note on Friday, August 1st. Separately, analysts at Credit Agricole upgraded shares of Intrepid Potash from an “underperform” rating to an “outperform” rating in a research note on Friday, August 1st. Finally, analysts at Scotiabank upgraded shares of Intrepid Potash from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 31st. They now have a $13.50 price target on the stock, up previously from $12.00. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.21.
Shares of Intrepid Potash (NYSE:IPI) opened at 15.19 on Wednesday. Intrepid Potash has a one year low of $11.82 and a one year high of $17.64. The stock’s 50-day moving average is $15.41 and its 200-day moving average is $15.55. The company has a market cap of $1.147 billion and a price-to-earnings ratio of 900.00.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.06. The company had revenue of $110.90 million for the quarter, compared to the consensus estimate of $91.04 million. During the same quarter last year, the company posted $0.17 earnings per share. Intrepid Potash’s revenue was up 19.6% compared to the same quarter last year. Analysts expect that Intrepid Potash will post $0.15 EPS for the current fiscal year.
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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