Equities analysts forecast that Intrepid Potash, Inc. (NYSE:IPI) will report earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Intrepid Potash’s earnings. Intrepid Potash reported earnings per share of $0.06 during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The company is expected to issue its next quarterly earnings report on Tuesday, March 10th.

According to Zacks, analysts expect that Intrepid Potash will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.18. For the next year, analysts expect that the firm will report earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.25. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Intrepid Potash.

Several research firms recently weighed in on IPI. ValuEngine upgraded shares of Intrepid Potash from a “strong sell” rating to a “sell” rating in a report on Thursday, October 17th. Zacks Investment Research lowered shares of Intrepid Potash from a “hold” rating to a “sell” rating in a report on Thursday, November 7th.

In related news, Director Terry Considine purchased 19,613 shares of Intrepid Potash stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $2.43 per share, for a total transaction of $47,659.59. Following the completion of the transaction, the director now directly owns 83,521 shares of the company’s stock, valued at $202,956.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 32,185 shares of company stock worth $75,839 in the last quarter. 27.80% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in Intrepid Potash by 25.4% during the second quarter. Aperio Group LLC now owns 29,856 shares of the basic materials company’s stock worth $100,000 after acquiring an additional 6,045 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Intrepid Potash by 49,843.8% in the second quarter. Bank of Montreal Can now owns 7,991 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 7,975 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Intrepid Potash by 25.9% during the second quarter. ETF Managers Group LLC now owns 49,519 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 10,194 shares in the last quarter. THB Asset Management lifted its holdings in shares of Intrepid Potash by 8.3% during the second quarter. THB Asset Management now owns 152,627 shares of the basic materials company’s stock valued at $512,000 after purchasing an additional 11,760 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Intrepid Potash by 1.5% during the third quarter. Great Lakes Advisors LLC now owns 785,891 shares of the basic materials company’s stock valued at $2,570,000 after buying an additional 11,963 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intrepid Potash stock opened at $2.25 on Wednesday. The business has a 50 day moving average of $2.64 and a 200 day moving average of $3.14. Intrepid Potash has a 52 week low of $2.06 and a 52 week high of $4.39. The company has a market cap of $296.94 million, a PE ratio of 25.00 and a beta of 1.17. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

About Intrepid Potash

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

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