Intrepid Potash (IPI) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Intrepid Potash (NYSE: IPI) recently:

  • 7/18/2017 – Intrepid Potash was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “
  • 7/12/2017 – Intrepid Potash was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – Intrepid Potash was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “
  • 7/7/2017 – Intrepid Potash had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $2.00 price target on the stock.

Shares of Intrepid Potash, Inc (NYSE:IPI) opened at 2.88 on Wednesday. The company’s 50-day moving average price is $2.42 and its 200 day moving average price is $2.08. The company’s market cap is $353.49 million. Intrepid Potash, Inc has a 52 week low of $0.93 and a 52 week high of $3.04.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $48.30 million for the quarter, compared to analysts’ expectations of $33.18 million. Intrepid Potash had a negative return on equity of 14.71% and a negative net margin of 33.27%. The business’s revenue for the quarter was down 34.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.22) EPS. Equities research analysts anticipate that Intrepid Potash, Inc will post ($0.29) earnings per share for the current fiscal year.

In other news, insider Robert P. Jornayvaz III bought 50,000 shares of Intrepid Potash stock in a transaction on Monday, May 22nd. The stock was acquired at an average price of $2.30 per share, with a total value of $115,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Clearway Capital Management Lt bought 300,000 shares of Intrepid Potash stock in a transaction on Friday, July 21st. The shares were purchased at an average cost of $2.83 per share, with a total value of $849,000.00. The disclosure for this purchase can be found here. Insiders have acquired 363,800 shares of company stock worth $992,980 in the last quarter. 27.20% of the stock is currently owned by company insiders.

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

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