Intrepid Potash Inc. (IPI): Today's Featured Chemicals Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Intrepid Potash ( IPI) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Intrepid Potash fell $0.21 (-1.3%) to $16.00 on light volume. Throughout the day, 1,218,348 shares of Intrepid Potash exchanged hands as compared to its average daily volume of 2,369,000 shares. The stock ranged in price between $15.75-$16.34 after having opened the day at $15.75 as compared to the previous trading day's close of $16.21. Other companies within the Chemicals industry that declined today were: Ceres ( CERE), down 4.5%, CVR Partners ( UAN), down 2.6%, KMG Chemicals ( KMG), down 1.8% and Gevo ( GEVO), down 1.6%.

Intrepid Potash, Inc. produces and markets muriate of potash and langbeinite under the Trio brand name primarily in the United States. Intrepid Potash has a market cap of $1.2 billion and is part of the basic materials sector. Shares are down 23.9% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Intrepid Potash a buy, 4 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Intrepid Potash as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

On the positive front, American Pacific Corporation ( APFC), up 9.6%, Gulf Resources ( GURE), up 5.8%, China Green Agriculture ( CGA), up 5.3% and Taminco ( TAM), up 3.2% , were all gainers within the chemicals industry with Dow Chemical ( DOW) being today's featured chemicals industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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