|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.74 - 3.87|
|52 Week Range||1.36 - 5.12|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In 4Q17, the trend in potash shipments was similar to phosphate shipment trends. Overall shipments in 4Q17 for five companies fell ~13% year-over-year. In 4Q16, overall shipments rose 15% for these companies.
Fertilizer affordability plays a critical role in fertilizer demand. It shows the current fertilizer affordability of three key NPK (nitrogen, phosphorous, and potassium) fertilizers to key fertilizer consuming crops like corn, wheat, and soybean.
For the week ending January 5, 2018, the VanEck Vectors Agribusiness ETF (MOO) ended almost 2% higher, while the S&P 500 Index (SPY) rose 1.7%.
Analysts estimate an EPS (earnings per share) of $0.06 for the next 12 months, which will rise from an EPS of -$0.39 in the last 12 months.
Intrepid Potash was one of the top performers in 2017. Its stock rose ~127% YTD from $2.1 on January 3, 2017, to $4.72 at the closing on December 28.
Earlier, we discussed major agribusiness companies’ earnings, which have mostly fallen over the years. In 2018, their earnings are expected to rise. As shown in the above chart, agribusiness companies’…...