This week's biggest % winners & losers: Dec 28 - 31, 20 (wk 53)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Materials: IPI (23.85 +51.81%)
• Industrials: CSTE (12.91 +17.79%), EAF (10.67 +17.2%), DLX (29.32 +12.17%)
• Consumer Discretionary: CATO (9.67 +17.93%), CAL (15.57 +15.47%), PDD (176.15 +15.32%), GES (22.95 +14.69%), AAN (19.09 +13.74%), MIK (13.01 +13.62%)
• Information Technology: DXC (25.81 +12.69%), SYNA (96.18 +11.64%)
• Financials: LC (10.58 +19.9%)
• Energy: BTU (2.39 +38.95%)
• Consumer Staples: AGRO (6.81 +13.5%)

This week's top % losers

• Healthcare: RARE (138.98 -19.6%), TBIO (18.33 -17.21%), EDIT (70.14 -16.03%), MRNA (103.7 -15.96%), DVAX (4.46 -15.53%), RCUS (26.01 -14.94%), ACRS (6.51 -14.52%), NVAX (111.05 -14.14%)
• Consumer Discretionary: OSTK (48.11 -15.25%), SFIX (58.79 -15.13%), NEW (5.89 -14.01%)
• Information Technology: JKS (62.01 -14.13%), TTD (800.19 -14.12%)
• Energy: HPR (9.23 -14.62%), BPT (2.43 -14.44%)

Intrepid Potash (IPI) provides update on its potash and Trio pricing and its 2021 outlook

 

 

Intrepid Potash provides update on its potash and Trio pricing and its 2021 outlook; reports fertilizer market has improved in recent weeks

Potash price into agricultural markets has increased $90 per ton, or 31%, above 2020 summer-fill pricing after a $40 per ton increase announced in December. Current potash price into agricultural markets is $65 per ton above the January 2020 winter-fill price.

Trio price into agricultural markets has increased $60 per ton, or 27%, above 2020 summer-fill pricing after a $20 per ton increase in December. Current Trio price into agricultural markets is $50 per ton above the January 2020 winter-fill price.

Oilfield outlook continues to improve in the Northern Delaware Basin driven by an increase in drilling and fracking activity. IPI currently forecasts first quarter 2021 and full year 2021 water volumes in excess of same time last year in the Intrepid and NGL Energy Partners three-ranch area of mutual interest.

• Current indications from operators for water needs during the calendar year 2021 are in excess of the total water available for sale under Intrepid and NGL's Joint Marketing Agreement affording Intrepid the opportunity to exploit optionality in its water portfolio.

"A strong agricultural commodity environment across a wide range of crops that includes corn, soybeans, wheat, cotton, coffee and sugar, combined with a reduced potash supply has driven the improvements in the fertilizer market in recent weeks. After announcing the price increases in December, we quickly filled the rest of our Q1 2021 order book before the higher price took effect and expect the benefits of higher pricing will be seen in the second quarter of next year. We continue to see good value across the fertilizer supply chain and have already sold select spot tons at the higher price levels."

Intrepid Potash (IPI) reported earnings on Tue 12 March 19 (b/o)

** charts after earnings **

 

DENVER (AP) _ Intrepid Potash Inc. (IPI) on Tuesday reported fourth-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier.

The Denver-based company said it had profit of 6 cents per share.

The potash and fertilizer producer posted revenue of $54.4 million in the period. Its adjusted revenue was $44.5 million.

For the year, the company reported net income of $11.8 million, or 9 cents per share, swinging to a profit in the period. Revenue was reported as $171.2 million.

The company's shares closed at $3.85. A year ago, they were trading at $4.01.

Earnings this week : March 11 - 15, 2019 (wk 11)

Earnings confirmed for this week

Monday (March 11)

• Morning: None
• Afternoon: ADT COUP KRO OXFD  PETQ SFIX

Tuesday (March 12)

• Morning: DKS IPI KEYW MOMO NOG 
• Afternoon: APEI CLNE COHU EVRI GH QHC NTRA  SENS SNCR SWCH  TEUM ZAGG ZTO  

Wednesday (March 13)

• Morning: DQ EXPR  LXRX  SGRY VRA
• Afternoon: APYX CLDR DOMO FSM GDS KINS MDB NNBR SFS SMTC TLRD

Thursday (March 14)

• Morning: BIOS CNNE DG ERJ GCO HUD INAP LX PPDF RDNT SND TEN UXIN
• Afternoon:  ADBE ASNA AVGO AVID DOCU HEAR HTHT JBL MRAM NDLS ORCL PVTL TERP TLYS TRQ TUSK ULTA VRAY WSC ZUMZ

Friday (March 15)

• Morning: BIOS BKE CTRN DPLO KIRK MDCA

=Intrepid Potash (IPI) reported earnings on Tue 2 Aug 2016 (b/o)

Intrepid Potash misses by $0.02, beats on revs  :

• Reports Q2 (Jun) loss of $0.17 per share, excluding non-recurring items,$0.02 worse than the Capital IQ Consensus of ($0.15); revenues fell 29.7% year/year to $51.8 mln vs the $49.52 mln Capital IQ Consensus.
• Potash production for the second quarter and first half of 2016 declined 24% and 15%, respectively, compared to the year-ago comparable periods.
  • Second quarter 2016 potash production was impacted by the transition of the East facility to Trio-only production in April 2016 and, to a lesser extent, by unfavorable evaporation rates at certain of Intrepid's solar solution mines during the summer of 2015, which limited the length of the spring 2016 harvest season.
  • Potash production for the second quarter includes a full quarter of potash production from the West facility, which was placed in care-and-maintenance mode in July 2016.

IPI — is it a buy?

• May 11: 2nd day after earnings; is IPI a buy?

• May 12:

 

• 2 months later 

Intrepid Potash (IPI) reported earnings on Mon 9 May 2016 (b/o)

** charts after earnings **

 

Intrepid Potash misses by $0.06, beats on revs; reaches agreement with credit facility lender:

Reports Q1 (Mar) loss of $0.22 per share, $0.06 worse than the Capital IQ Consensus of ($0.16); revenues fell 37.4% year/year to $73.28 mln vs the $54.73 mln Capital IQ Consensus.

• Intrepid sold 218,000 tons of potash in the first quarter of 2016, down 13,000tons, or 6%, from the same period last year primarily as a result of the timingof shipments to customers. Average net realized sales price per potash ton in the 2016 first quarter was $216, a 40% decrease from last year's firstquarter and a 22% decrease sequentially from the fourth quarter of 2015.
• Potash production for the first quarter of 2016 totaled 215,000 tons, a declineof 9% compared to the year-ago quarter as a result of deferred production at theHB facility from early in the first quarter to the second quarter.
• Cash, cash equivalents, and investments as of March 31, 2016, totaled $54.9 million. Cash flow used in operations for the first quarter of 2016 was $1.1 million and capital expenditures totaled $6.0 million.

Great trade : IPI calls

IPI Aug $24 calls up 483%. A competitor, Potash (POT), rejected unsolicited $38.49B bid from BHP Billiton. This seemed to have sparked a stock market rally.

BHP Billiton is an Anglo-Australian mining giant, and Potash Corp., the world's largest fertilizer producer. Potash's chief executive, Bill Doyle, has dismissed the offer, saying the company won't be "stolen from shareholders."

Bought IPI @ 23.95

Intrepid Potash, Inc., together with its subsidiaries, engages in the production and marketing of muriate of potash or potassium chloride, and langbeinite under the Trio brand name primarily in the United States. It also offers by-products, including salt, magnesium chloride, and metal recovery salts. Intrepid serves agricultural, industrial, and feed markets.

The company was founded in 2000 and is based in Denver, Colorado.