Bearish Options Activity on Potash Corporation of Saskatchewan (USA) After Worse Fundamentals

 Bearish Options Activity on Potash Corporation of Saskatchewan (USA) After Worse Fundamentals

In today’s session Potash Corporation of Saskatchewan (USA) (POT) recorded an unusually high (360) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious POT decrease. With 360 contracts traded and 61094 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: POT170120P00016000 closed last at: $0.77 or 14.4% down. About 5.28 million shares traded hands. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has declined 6.49% since March 30, 2016 and is downtrending. It has underperformed by 9.50% 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 $91.20 million for 36.57 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”, 6 “Sell”, while 9 “Hold”. This means 29% are positive. Potash Corp has been the topic of 47 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, April 21 by Vertical Research. HSBC downgraded the shares of POT in a report on Wednesday, October 7 to “Hold” rating. Zacks downgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) on Monday, September 7 to “Sell” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 5. On Tuesday, September 13 the stock rating was downgraded by Scotia Capital to “Sector Perform”. Paradigm Research downgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) rating on Tuesday, March 22. Paradigm Research has “Sell” rating and $13.50 price target. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) earned “Underperform” rating by Bank of America on Monday, December 7. The company was maintained on Tuesday, November 24 by Cowen & Co. The firm earned “Sector Perform” rating on Wednesday, October 21 by RBC Capital Markets. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) earned “Underperform” rating by Macquarie Research on Monday, September 21.

According to Zacks Investment Research, “Potash Corporation of Saskatchewan Inc. is the world’s largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Behind its growing success lies a vital infrastructure: knowledgeable PCS Sales staff throughout Canada and the United States, a transportation network that includes truck, train, barge, lake ship and ocean vessel, and warehouses strategically located in major consuming areas.”

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 $13.34 billion. The Firm operates through three divisions: potash, nitrogen and phosphate. It has a 28.22 P/E ratio. It owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick.

POT Company Profile

Potash Corporation of Saskatchewan Inc. (PCS), incorporated on May 15, 2002, is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Firm operates through three divisions: potash, nitrogen and phosphate. The Firm owns and operates approximately five potash activities in Saskatchewan and one in New Brunswick. The Company’s nitrogen activities involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Company’s phosphate activities include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Firm has approximately four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.

More notable recent Potash Corporation of Saskatchewan (USA) (NYSE:POT) news were published by: Fool.ca which released: “Potash Corporation of Saskatchewan Inc.: Volumes Rise, Profits Plunge” on October 28, 2016, also Investorplace.com with their article: “Potash Corporation of Saskatchewan (USA) (POT) Spikes on Agrium Inc. (AGU …” published on August 30, 2016, Fool.ca published: “Making Sense of the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger” on October 19, 2016. More interesting news about Potash Corporation of Saskatchewan (USA) (NYSE:POT) were released by: Investorplace.com and their article: “Why Potash Corporation of Saskatchewan (USA) Is a ‘Strong Sell’ (POT)” published on June 23, 2016 as well as Fool.ca‘s news article titled: “3 Big Reasons to Avoid Potash Corporation of Saskatchewan Inc. Stock” with publication date: April 25, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment