News coverage about Intrepid Potash (NYSE:IPI) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Intrepid Potash earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.5473857236234 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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

Several equities analysts have recently issued reports on IPI shares. BMO Capital Markets boosted their price target on shares of Intrepid Potash from $3.00 to $4.00 and gave the company a “market perform” rating in a report on Tuesday, October 31st. Stephens started coverage on shares of Intrepid Potash in a report on Monday, December 4th. They issued an “equal weight” rating and a $4.00 price target for the company. Finally, Cowen reissued a “sell” rating and issued a $3.50 price target on shares of Intrepid Potash in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.55.

Shares of Intrepid Potash (NYSE IPI) traded up $0.25 during midday trading on Friday, reaching $4.43. 1,463,000 shares of the company were exchanged, compared to its average volume of 1,380,850. The firm has a market cap of $558.39, a price-to-earnings ratio of -9.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 4.71. Intrepid Potash has a 12-month low of $1.24 and a 12-month high of $5.12.

Intrepid Potash (NYSE:IPI) last announced its earnings results on Monday, October 30th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $32.06 million during the quarter, compared to analyst estimates of $33.15 million. Intrepid Potash had a negative net margin of 5.95% and a negative return on equity of 1.90%. The company’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.22) EPS. analysts expect that Intrepid Potash will post -0.16 earnings per share for the current fiscal year.

In related news, EVP James N. Whyte sold 86,796 shares of the company’s 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 transaction, 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 document filed with the SEC, which is available through the SEC website. Also, insider Robert P. Jornayvaz III bought 10,000 shares of Intrepid Potash stock in a transaction that occurred 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 purchase, the insider now owns 1,206,650 shares in the company, valued at approximately $4,645,602.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 25,100 shares of company stock valued at $93,003. Company insiders own 27.30% of the company’s stock.

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About Intrepid Potash

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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