Intrepid Potash (NYSE:IPI) Stock

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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Aehr Test Systems Posts Weak Results, Joins Trump Media &amp; Technology Group And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

Earnings

Analyst Ratings

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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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 $19 to $21.

Price Target

UBS Maintains Sell on Intrepid Potash, Raises Price Target to $21

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Shares of fertilizer and potash stocks are trading higher on reports suggesting potash supplier Belaruskali cut production

U.S. stock futures were higher this morning, with the Dow futures gaining over 150 points on Tuesday.
Shares of Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected financial results for the <a href="https://www.benzinga.com/news/earnings/25/01/42962183/aehr-test-systems-stock-falls-after-q2-results-heres-why">second quarter on Monday.</a>
Aehr Test Systems reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 4 cents. Quarterly revenue came in at $13.45 million which missed the analyst consensus estimate of $15.03 million and is a decrease from sales of $21.43 million from the same period last year.
Aehr Test Systems shares dipped 19.3% to $12.90 in pre-market trading
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<li>Intrepid Potash, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPI#NYSE">IPI</a>) fell 4.7% to $24.01 in pre-market trading after jumping more than 10% on Monday.</li>
<li>Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) fell 2.1% to $17.01 in pre-market trading.</li>
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Aehr Test Systems Posts Weak Results, Joins Trump Media & Technology Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

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.

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

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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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>
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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

Press Releases

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

Intrepid Publishes New Investor Presentation

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

American Critical Minerals Provides Corporate Update

Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors

Intrepid Announces Date for Fourth Quarter 2024 Earnings Release

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