Intrepid Potash, Inc. (NYSE:IPI – Get Rating) CEO Robert P. Jornayvaz III sold 41,858 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $19.97, for a total transaction of $835,904.26. Following the sale, the chief executive officer now directly owns 1,635,223 shares in the company, valued at $32,655,403.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Intrepid Potash Stock Up 1.8 %
Shares of IPI opened at $20.24 on Wednesday. The firm has a 50-day moving average price of $24.68 and a 200 day moving average price of $29.62. The firm has a market capitalization of $266.36 million, a PE ratio of 6.02 and a beta of 2.02. Intrepid Potash, Inc. has a 52-week low of $18.26 and a 52-week high of $69.53.
Intrepid Potash (NYSE:IPI – Get Rating) last announced its earnings results on Wednesday, May 3rd. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.12). The company had revenue of $86.92 million during the quarter, compared to the consensus estimate of $66.99 million. Intrepid Potash had a net margin of 14.15% and a return on equity of 7.43%. During the same quarter in the prior year, the company earned $2.32 EPS. On average, equities analysts expect that Intrepid Potash, Inc. will post 1.06 EPS for the current year.
Hedge Funds Weigh In On Intrepid Potash
Analyst Ratings Changes
A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Intrepid Potash in a report on Thursday, May 18th. They set a “sell” rating on the stock. BMO Capital Markets dropped their target price on shares of Intrepid Potash from $35.00 to $25.00 in a report on Friday, May 5th.
About Intrepid Potash
Intrepid Potash, Inc is a diversified mineral company, which engages in the delivery of potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed, and the oil and gas industry. It operates through the following segments: Potash, Trio, and Oilfield Solutions.
- Get a free copy of the StockNews.com research report on Intrepid Potash (IPI)
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