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Intrepid Potash (NYSE:IPI) Stock, Option Chain

Intrepid Potash

Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield Solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, saltwater disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities.

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Constant earnings growth captivates almost everyone, from the top brass to research analysts. This is because earnings are a measure of the money a company is making.

Still, earnings acceleration works even better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price.

3 Must-Watch Stocks for Earnings Acceleration

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Top 3 Materials Stocks You May Want To Dump In May

Nutrien Ltd. (NYSE: NTR) is expected to gain from higher demand for crop nutrients, its actions to reduce costs and strategic acquisitions. However, weaker fertilizer prices are likely to weigh on its performance.


Nutrien Gains on Strong Demand Amid Pricing Woes

Intrepid Potash Inc

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Crutchfield brings more than 30 years of global mining and transformational leadership experience
Intrepid Potash, Inc. ("Intrepid," "we," "the Company," or "our") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) today announced the Board of Directors (the "Board") of Intrepid has appointed Kevin S. Crutchfield as Chief Executive Officer and Board director, effective immediately.

Management

Intrepid Potash Announces Appointment of Kevin S. Crutchfield As CEO, Effective Immediately

UBS analyst Joshua Spector maintains Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) with a Sell and raises the price target from $18 to $19.

Price Target

UBS Maintains Sell on Intrepid Potash, Raises Price Target to $19

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Intrepid Potash shares are trading higher after the company reported better-than-expected Q3 financial results.

Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.13) by 84.62 percent. This is a 96.23 percent increase over losses of $(0.53) per share from the same period last year. The company reported quarterly sales of $57.55 million which beat the analyst consensus estimate of $44.19 million by 30.23 percent. This is a 5.66 percent increase over sales of $54.47 million the same period last year.

Earnings Beats

Intrepid Potash Q3 Adj $(0.02) Beats $(0.13) Estimate, Sales $57.55M Beat $44.19M Estimate

<a href="https://www.bloomberg.com/news/articles/2024-11-04/belarus-president-proposes-cutting-potash-production-with-russia">https://www.bloomberg.com/news/articles/2024-11-04/belarus-president-proposes-cutting-potash-production-with-russia</a>
Belarusian President Alexander Lukashenko proposed approaching Russian fertilizer producers to coordinate a 10% potash output cut to increase its price on the market, according to the state-run Belta news service.&nbsp;

Global

Reported Earlier, 'Belarus President Proposes Cutting Potash Production With Russia' - Bloomberg

Bob Jornayvaz Steps Down as Chief Executive Officer and Director Following Extended Medical Leave of Absence
Intrepid Potash, Inc. ("Intrepid," "we," "the Company" or "our") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) today announced that Bob Jornayvaz has stepped down as Chief Executive Officer and as a Director of the Board following his extended medical leave of absence.
"We are thankful to Bob for his immeasurable contributions to the Company over the last two decades," said Barth Whitham, Chair of the Board. "Bob led numerous initiatives that strengthened our customer relationships, modernized our operations, and capitalized on our unique position as the only domestic producer of potash. He took great pride in the Company and its contributions to the domestic and global agriculture industry. Bob and his family remain in our thoughts, and we continue to wish him well in his recovery."
Intrepid's Chief Financial Officer, Matt Preston, will continue to serve as acting principal executive officer as the Board of Directors' search to identify a successor Chief Executive Officer remains ongoing. Mr. Whitham continued, "The Board's search for a CEO is well underway. In the interim, we are pleased to continue to have Matt and the rest of the management team lead the execution of Intrepid's strategic plan."

Intrepid Potash Announces Bob Jornayvaz Steps Down As Chief Executive Officer And Director Following Extended Medical Leave Of Absence; CFO, Matt Preston, Will Continue To Serve As Acting Principal Executive Officer As The Board Of Directors' Search To Identify A Successor Chief Executive Officer Remains Ongoing

Guidance

Intrepid Expects 2024 Potash Production To Be ~15% Higher Than 2023

Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) reported quarterly sales of $62.055 million which beat the analyst consensus estimate of $50.950 million by 21.80 percent. This is a 23.42 percent decrease over sales of $81.035 million the same period last year.

Intrepid Potash Q2 Sales $62.055M Beat $50.950M Estimate

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Shares of companies within the broader materials sector are trading higher following recent CPI data.

Intrepid now expects&nbsp;second quarter&nbsp;2024 potash sales volumes of approximately 55,000 tons at an average net realized sales price of&nbsp;$405&nbsp;per ton and&nbsp;second quarter&nbsp;2024 Trio&nbsp;sales volumes of approximately 63,000 tons at an average net realized sales price of&nbsp;$314&nbsp;per ton.
Full-year 2024 potash production remains on track to exceed prior year results by approximately&nbsp;15%.

Intrepid Potash Expects Q2 Potash And Trio Sales Volumes To Meet Or Exceed Upper End Of Its Outlook, As Previously Announced During Q1 Earnings Call

Jornayvaz was injured in an accident while playing in the U.S. Open Polo Championship and remains on extended medical leave of absence.

Intrepid Potash Says CFO Matt Preston Continues To Serve As Acting Principal Executive Officer; CEO Bob Jornayvaz Remains On Extended Medical Leave Of Absence

Intrepid Potash Elects Barth Whitham, Formerly Lead Independent Director, As Its Chair; Initiates Search Process To Identify Successor For CEO Bob Jornayvaz

Constant earnings growth captivates almost everyone, from the top brass to research analysts. This is because earnings are a measure of the money a company is making.
Still, earnings acceleration works even better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price.
Earnings acceleration is the incremental growth in a company&#39;s earnings per share. In other words, if the rate of a company&#39;s quarter-over-quarter earnings growth increases within a stipulated time frame, it can be called earnings acceleration.
In the case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven&#39;t yet caught the attention of investors and, once secured, will invariably lead to a rally in the share price. This is because earnings acceleration considers both the direction and magnitude of growth rates.
An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may drag prices down.
<h2>Screening Parameters</h2>
Let us look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods&#39; growth rates. The projected quarter-over-quarter percentage EPS growth rates are also expected to be higher than the previous periods&#39; growth rates.
EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1).
EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2).
EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3).
In addition to this, we have added the following parameters:
Current Price greater than or equal to $5: This screens out low-priced stocks.
Average 20-day volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.
The above criteria narrowed the universe of around 7,735 stocks to only nine. Here are the three stocks to watch now:
<h3>RTX Corporation</h3>
RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) is an aerospace and defense company. The increase in defense orders and an uptick in air traffic have bolstered RTX&#39;s profit margins.
RTX currently has a Zacks Rank #3 (Hold). RTX&#39;s expected earnings growth rate for the current year is 6.5%.
<h3>AAR</h3>
AAR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>) provides various products and services to the aviation and defense industries. AAR&#39;s parts supply business is performing well thanks to growing demand in the leisure market.
Currently, AAR has a Zacks Rank #2 (Buy). AAR&#39;s expected earnings growth rate for the current year is 15.4%.
<h3>Intrepid Potash</h3>
Intrepid Potash (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ipi#NYSE">IPI</a>) is the largest producer of potash in the United States. Intrepid Potash also produces and sells various other minerals containing potassium.
Intrepid Potash presently has a Zacks Rank #2. IPI&#39;s expected earnings growth rate for the current year is 160%.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2298739/3-must-watch-stocks-for-earnings-acceleration-rtx-air-ipi?cid=CS-BENZ-FT-analyst_blog|rw-2298739">To read this article on Zacks.com click here.</a>

As of May 14, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Universal Stainless &amp; Alloy Products, Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>)</h3>
<ul>
<li>On May 1, Universal Stainless &amp; Alloy Products reported better-than-expected first-quarter GAAP EPS results. Christopher M. Zimmer, President and CEO, said, &#8220;We achieved the highest profitability in 12 years in the first quarter, including a gross margin of 18.9%, on near-record sales. Our performance was driven by robust aerospace demand and the continued realization of base price increases implemented over the past three years.&#8221; The company's stock gained around 29% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/USAP">high of $33.79</a>.</li>
<li>RSI Value: 72.25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>USAP Price Action: Shares of Universal Stainless &amp; Alloy Products fell 0.6% to close at $32.26 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Intrepid Potash, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>)</h3>
<ul>
<li>On May 8, Interpid Potash reported better-than-expected first-quarter sales results. Matt Preston, Intrepid&#8217;s Chief Financial Officer and acting principal executive officer said, &#8220;Intrepid started the year with a solid first quarter that was highlighted by robust demand and stable pricing in the potash market. Our quarterly Trio&#xAE; sales volumes of 91 thousand tons exceeded expectations as consistent potash pricing and improving sulfate values drove strong in-season demand.&#8221; The company's stock gained around 20% over the past five days and <a href="https://www.benzinga.com/quote/IPI">has a 52-week high</a> of $28.30.</li>
<li>RSI Value: 76.02</li>
<li>IPI Price Action: Shares of Intrepid Potash rose 3.4% to close at $25.53 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Aspen Aerogels, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>)</h3>
<ul>
<li>On May 1, Aspen Aerogels reported better-than-expected first-quarter financial results. &#8220;We continue to execute the transition of our Energy Industrial products to our external manufacturing facility and dedicate our manufacturing plant in East Providence to the production of aerogel for EV thermal barriers. We believe the Q1 results further demonstrate that we have the capability with existing assets and supply arrangements to deliver $650 million of annual revenue with at least 35% gross margins and 25% Adjusted EBITDA margins,&#8221; commented Don Young, Aspen&#8217;s President and CEO. The company's stock gained around 79% over the past month and has a <a href="https://www.benzinga.com/quote/ASPN">52-week high</a> of $27.46.</li>
<li>RSI Value: 82.20</li>
<li>ASPN Price Action: Shares of Aspen Aerogels rose 1.2% to close at $27.33 on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38807221/home-depot-paysafe-and-3-stocks-to-watch-heading-into-tuesday">Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday</a>

BMO Capital analyst Joel Jackson maintains Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) with a Market Perform and raises the price target from $21 to $23.

BMO Capital Maintains Market Perform on Intrepid Potash, Raises Price Target to $23

Interpid Potash shares are trading higher after the company reported better-than-expected Q1 sales results.

Intrepid Potash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $(0.12) by 16.67 percent. This is a 137.84 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $79.287 million which beat the analyst consensus estimate of $63.560 million by 24.74 percent. This is a 8.78 percent decrease over sales of $86.920 million the same period last year.

Earnings Misses

Intrepid Potash Q1 2024 Adj EPS $(0.14) Misses $(0.12) Estimate, Sales $79.287M Beat $63.560M Estimate

Intrepid granted Bob Jornayvaz a temporary medical leave of absence, effective immediately, as he recovers from his previously announced injury.In connection with Mr. Jornayvaz&#39;s leave of absence, the Board has appointed Matt Preston, Intrepid&#39;s current Chief Financial Officer, as acting principal executive officer and announced that Intrepid&#39;s co-founder, Hugh Harvey, has been appointed as a Class III Director. The Board has also temporarily delegated all responsibilities of the Chairman of the Board to Barth Whitham, Intrepid&#39;s Lead Director.

Intrepid Potash Reports Medical Leave Of Absence For Executive Chairman And CEO Bob Jornayvaz; Co-founder Hugh Harvey Rejoins Board

Nutrien Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ntr#NYSE">NTR</a>) is expected to gain from higher demand for crop nutrients, its actions to reduce costs and strategic acquisitions. However, weaker fertilizer prices are likely to weigh on its performance. 
Nutrien, which is a prominent player in the fertilizer space along with The Mosaic Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mos#NYSE">MOS</a>), CF Industries Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cf#NYSE">CF</a>) and Intrepid Potash, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ipi#NYSE">IPI</a>), is well-placed to benefit from increased demand for fertilizers, backed by the strength in global agriculture markets. It is seeing strong demand in its major markets, particularly North America. It delivered record potash sales volumes in the fourth quarter of 2023 on solid demand in North America and increased offshore sales. 
Strong grower economics, improved affordability and low inventory levels are expected to drive potash demand globally. The phosphate market is also benefiting from higher global demand and low producer and channel inventories. Demand for nitrogen fertilizer also remains healthy in major markets. Global nitrogen requirement is being driven by demand in North America, India and Brazil. 
The company should also gain from acquisitions and increased adoption of its digital platform. It continues to expand its footprint in Brazil through acquisitions. NTR completed a number of acquisitions in 2023 and expects to continue pursuing targeted opportunities in its core markets this year. 
Cost and operational efficiency initiatives are also expected to aid the company&#39;s performance. NTR remains focused on lowering the cost of production in the potash business. The company has also announced a number of strategic actions to reduce its controllable costs and boost free cash flow. Lower natural gas costs are also contributing to a decline in its cost of goods sold. 
However, weaker fertilizer prices are expected hurt NTR&#39;s performance. Prices of phosphate and potash have retreated since the back half of 2022 from their peak levels attained in the first half riding on the impacts of the Russia-Ukraine war and disruptions due to the sanctions in Belarus. Global nitrogen prices have declined since the beginning of 2023 driven by a rise in global supply availability. Lower prices are expected to weigh on the company&#39;s profitability in the near term. 
Nutrien expects Retail adjusted EBITDA in the range of $1.65-$1.85 billion for 2024, anticipating increased gross margins across major product lines compared with 2023 levels. Potash sales volume guidance ranges from 13-13.8 million tons, reflecting anticipated demand growth in offshore markets and normalized Canpotex port operations. Nitrogen and phosphate sales volumes are forecast in the band of 10.6-11.2 million tons and 2.6-2.8 million tons, respectively. 
Another prominent fertilizer maker, Mosaic recently said that it anticipates potash sales volumes and MOP prices to remain consistent with earlier guidance, ranging between 2-2.2 million tons and $225-$250 per ton, respectively. For phosphates, MOS sees sales volumes for the first quarter to be within the previous provided range of 1.6-1.8 million tons. 
CF Industries, in its fourth-quarter call, said that it sees global nitrogen demand to remain resilient in the near term on the back of continued strong agriculture applications and recovering industrial demand. Major producing regions remain exposed to challenging production economics due to the cost and availability of natural gas, CF noted.
Intrepid Potash expects capital expenditure for 2024 to be between $40 million and $50 million. IPI&#39;s growth capital is focused on improving the production rates at its solar solution potash assets. The company remains focused on executing its capital projects, which are expected to drive its production.
<a href="https://www.zacks.com/stock/news/2253953/nutrien-ntr-gains-on-strong-demand-amid-pricing-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2253953">To read this article on Zacks.com click here.</a>

The company will provide updates as more information becomes available.

Intrepid Potash Says CEO Bob Jornayvaz Was Involved In An Accident While Playing In The US Open Polo Championship And Is Currently Receiving Treatment

An announcement from Intrepid Potash ( ($IPI) ) is now available. Intrepid Potash, Inc. announced the resignation of its CEO and Director, Bob Jorn...

Intrepid Potash Announces CEO Resignation and Executive Transition

Intrepid Potash: A Low-Risk, High-Uncertainty Value Opportunity

Here are the major earnings after the close today

Clearway Capital, holder of a 9.1% stake in Intrepid Potash (IPI), stated in a letter to the company that it seeks to change the composition of the...

Clearway seeks to change board, restructure management at Intrepid Potash

Intrepid Potash pops as Clearway discloses 9.6% stake, will seek revamped board

Intrepid Potash Non-GAAP EPS of -$0.02 beats by $0.11, revenue of $57.55M beats by $13.36M

Technical analysis of the stock chart for IPI.

Intrepid Potash Inc - Chart Analysis

Intrepid Potash ( ($IPI) ) has issued an announcement. Intrepid Potash has appointed Kevin S. Crutchfield as its new CEO, bringing over three decad...

Intrepid Potash Appoints New CEO Kevin Crutchfield

Intrepid Potash (IPI)announced the Board of Directors of Intrepid has appointed Kevin S. Crutchfield as Chief Executive Officer and Board director,...

Intrepid Potash appoints Kevin Crutchfield as Chief Executive Officer

Intrepid Potash names mining industry veteran Crutchfield as new CEO

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Press Releases

Intrepid Publishes New Investor Presentation

American Potash Receives Approval of Plan of Operations for Exploration Across Approx. 25,480 Acres Within the Red Wash Potash Leasing Area in the Paradox Basin, Utah

Intrepid Potash Provides Leadership Update

American Potash Rounds Out Board of Directors with Appointments of Eric Miller and Steve Vanry

Intrepid Announces Date for Third Quarter 2024 Earnings Release

Intrepid Announces Third Quarter 2024 Results

American Potash Announces Rebrand to American Critical Minerals as Green River Project Positioned for Both Potash and Lithium Development and Announces Private Placement to Raise Up to $1 Million

Intrepid Potash Announces Appointment of Kevin S. Crutchfield as Chief Executive Officer

APCOF

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Brazil Potash

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Scotts Miracle-Gro Company (The) Common Stock

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CVR Partners, LP Common Units representing Limited Partner Interests

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