Intrepid Potash, Inc. (NYSE:IPI) registered a -7.91% decrease, still its new closing price is 204.62% up from the company’s 1 year high of 3.04.It posted 10.61% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 6 stock analysts following this company have an average price target at $1.79, with individual PT in the $1.00-$3.00 range. The shares moved at $1.98, implying that brokerage firms see shares losing about -9.17% in twelve months time.
Intrepid Potash, Inc. (IPI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -4.81% fall year to date. A Director at Intrepid Potash, Inc. (IPI) offloaded shares in a transaction closed on Wednesday November 30, 2016. CONSIDINE TERRY sold 29,921 shares in the company at $1.29 each and collected $38,001 in proceeds. CONSIDINE TERRY now owns 171,935 shares in the company after this transaction. A Exec. Chair, President & CEO, 10% Owner in the company, Jornayvaz Robert P III, disclosed a transaction on Friday November 04, 2016 that ended up paying $51,000 from the purchase of 47,210 shares at $1.09 per share.
Intrepid Potash, Inc. (NYSE:IPI) Upcoming Results on Tap
Intrepid Potash, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.07 in that period. Sales during the quarter are predicted to arrive at $37.1 million.
Earnings surprise history: Last quarter, the company posted approximately $43.64 million in revenue and EPS of $-0.23. The mean forecast was for $36.92 million and $-0.11 a share, respectively. One quarter earlier, revenue for the stock was at $51.84 million, with earnings at $-0.17/share.
Intrepid Potash, Inc. (IPI) Brokerage Update
Intrepid Potash, Inc. (IPI) is in Credit Agricole’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Underperform by Credit Agricole, according to news reported on Tuesday May 10, 2016.Another important research note was issued by Credit Agricole on Wednesday October 28, 2015.The firm downgraded IPI to Underperform from Buy. Over the last six months and over the last three months, the shares of Intrepid Potash, Inc. (IPI), have changed 53.49% and 76.79%, respectively.