In today’s session Potash Corporation of Saskatchewan (USA) (POT) recorded an unusually high (526) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious POT decrease. With 526 contracts traded and 298704 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: POT161021P00016000 closed last at: $0.4 or 44.4% down. About 5.42M shares traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has declined 6.53% since March 1, 2016 and is downtrending. It has underperformed by 15.77% the S&P500.
Analysts await Potash Corporation of Saskatchewan (USA) (NYSE:POT) to report earnings on November, 3. They expect $0.11 earnings per share, down 67.65% or $0.23 from last year’s $0.34 per share. POT’s profit will be $91.59 million for 36.39 P/E if the $0.11 EPS becomes a reality. After $0.18 actual earnings per share reported by Potash Corporation of Saskatchewan (USA) for the previous quarter, Wall Street now forecasts -38.89% negative EPS growth.
Potash Corporation of Saskatchewan (USA) (NYSE:POT) Ratings Coverage
Out of 21 analysts covering Potash Corp (NYSE:POT), 6 rate it a “Buy”, 7 “Sell”, while 8 “Hold”. This means 29% are positive. Potash Corp has been the topic of 46 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) earned “Hold” rating by Stifel Nicolaus on Tuesday, May 31. Barclays Capital maintained it with “Equal Weight” rating and $21.0 target price in Tuesday, January 12 report. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Cowen & Co maintained Potash Corporation of Saskatchewan (USA) (NYSE:POT) rating on Monday, December 21. Cowen & Co has “Market Perform” rating and $18 price target. The company was downgraded on Friday, March 11 by Atlantic Securities. On Tuesday, March 22 the stock rating was downgraded by Paradigm Research to “Sell”. The company was downgraded on Monday, September 7 by Zacks. The firm has “Mkt Perform” rating given on Friday, September 11 by Bernstein. On Monday, December 7 the stock rating was reinitiated by Bank of America with “Underperform”. The firm earned “Hold” rating on Wednesday, October 7 by HSBC.
Potash Corporation of Saskatchewan Inc. is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The company has a market cap of $13.33 billion. The Firm operates through three divisions: potash, nitrogen and phosphate. It has a 19.78 P/E ratio. It owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick.
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