Intrepid Potash (NYSE:IPI) Stock Price Passes Above Two Hundred Day Moving Average of $21.03

Shares of Intrepid Potash, Inc. (NYSE:IPI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.03 and traded as high as $21.20. Intrepid Potash shares last traded at $20.87, with a volume of 89,850 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Intrepid Potash to a “sell” rating in a report on Wednesday, January 24th.

Intrepid Potash Price Performance

The stock’s 50 day simple moving average is $19.79 and its 200-day simple moving average is $21.00.

Intrepid Potash (NYSE:IPI) last posted its earnings results on Wednesday, March 6th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.20). The business had revenue of $49.04 million during the quarter, compared to analyst estimates of $41.63 million. Intrepid Potash had a negative net margin of 12.78% and a negative return on equity of 0.43%. Equities research analysts predict that Intrepid Potash, Inc. will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Intrepid Potash

In other news, CEO Robert P. Jornayvaz III sold 16,278 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $19.55, for a total value of $318,234.90. Following the completion of the sale, the chief executive officer now directly owns 1,490,436 shares in the company, valued at $29,138,023.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert P. Jornayvaz III sold 16,278 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $19.55, for a total value of $318,234.90. Following the completion of the sale, the chief executive officer now directly owns 1,490,436 shares in the company, valued at $29,138,023.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert P. Jornayvaz III sold 5,384 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $19.35, for a total transaction of $104,180.40. Following the transaction, the chief executive officer now directly owns 1,518,920 shares in the company, valued at approximately $29,391,102. The disclosure for this sale can be found here. Insiders sold 96,034 shares of company stock worth $1,939,525 over the last ninety days. 18.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intrepid Potash

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Intrepid Potash by 1.3% in the 2nd quarter. BlackRock Inc. now owns 845,209 shares of the basic materials company’s stock worth $19,178,000 after purchasing an additional 11,035 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Intrepid Potash by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 799,972 shares of the basic materials company’s stock valued at $22,079,000 after purchasing an additional 27,444 shares during the period. Azarias Capital Management L.P. increased its stake in shares of Intrepid Potash by 39.5% in the 4th quarter. Azarias Capital Management L.P. now owns 604,042 shares of the basic materials company’s stock valued at $14,431,000 after acquiring an additional 171,167 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Intrepid Potash by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 574,999 shares of the basic materials company’s stock valued at $22,753,000 after acquiring an additional 22,160 shares during the last quarter. Finally, Capital International Investors bought a new stake in shares of Intrepid Potash in the 1st quarter valued at about $33,390,000. Institutional investors own 56.13% of the company’s stock.

About Intrepid Potash

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.