Form 8-K Intrepid Potash, Inc. For: May 09
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CLSA Upgrades Intrepid Potash (IPI) to Outperform
May 10, 2016 7:47 AM EDTCLSA upgraded Intrepid Potash (NYSE: IPI) from Underperform to Outperform.
For an analyst ratings summary and ratings history on Intrepid Potash click here. For more ratings news on Intrepid Potash click here.
Shares of Intrepid Potash closed at $0.94 yesterday.
... MoreIntrepid Potash (IPI) Misses Q1 EPS by 6c; Announces Idling, Transition of West Facility
May 9, 2016 8:08 AM EDTIntrepid Potash (NYSE: IPI) reported Q1 EPS of ($0.22), $0.06 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $73.28 million versus the consensus estimate of $59.8 million.
Intrepid also its decision to idle operations at its West facility and transition the facility to a care-and-maintenance mode.
The West facility, which generated 42% of Intrepid's potash production in 2015, is a conventional mining facility located in Carlsbad, New Mexico. The facility's operations have become increasingly less profitable in recent... More
