Somewhat Positive News Coverage Somewhat Unlikely to Affect Intrepid Potash (IPI) Stock Price

News stories about Intrepid Potash (NYSE:IPI) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intrepid Potash earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.3829017981654 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Intrepid Potash (IPI) traded up $0.16 during midday trading on Thursday, hitting $4.34. 1,009,400 shares of the company traded hands, compared to its average volume of 1,568,070. The company has a current ratio of 4.71, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $546.62, a P/E ratio of -9.64 and a beta of 1.13. Intrepid Potash has a fifty-two week low of $1.24 and a fifty-two week high of $4.63.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings data on Monday, October 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Intrepid Potash had a negative net margin of 22.88% and a negative return on equity of 8.09%. The business had revenue of $32.06 million during the quarter, compared to the consensus estimate of $33.15 million. During the same period in the prior year, the firm earned ($0.22) EPS. Intrepid Potash’s quarterly revenue was down 26.5% compared to the same quarter last year. sell-side analysts anticipate that Intrepid Potash will post -0.16 earnings per share for the current fiscal year.

IPI has been the topic of several analyst reports. Stephens initiated coverage on shares of Intrepid Potash in a research note on Monday, December 4th. They set an “equal weight” rating and a $4.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Intrepid Potash from $3.00 to $4.00 and gave the stock a “market perform” rating in a report on Tuesday, October 31st. Finally, Cowen reaffirmed a “sell” rating and set a $3.50 price objective on shares of Intrepid Potash in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.55.

In other Intrepid Potash news, EVP James N. Whyte sold 86,796 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $3.84, for a total value of $333,296.64. Following the completion of the sale, the executive vice president now directly owns 360,903 shares of the company’s stock, valued at approximately $1,385,867.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert P. Jornayvaz III purchased 10,000 shares of Intrepid Potash stock in a transaction on Tuesday, December 19th. The stock was bought at an average cost of $3.85 per share, with a total value of $38,500.00. Following the completion of the acquisition, the insider now owns 1,206,650 shares in the company, valued at $4,645,602.50. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 25,100 shares of company stock valued at $93,003. Insiders own 27.30% of the company’s stock.

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Intrepid Potash Company Profile

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.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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