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 “
Several other research firms have also issued reports on IPI. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet lowered shares of Bancorp from a b- rating to a c rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $5.00.
NYSE IPI opened at $3.56 on Thursday. The company’s 50-day simple moving average is $3.31. The company has a current ratio of 4.31, a quick ratio of 1.94 and a debt-to-equity ratio of 0.13. Intrepid Potash has a 12-month low of $2.51 and a 12-month high of $4.41. The stock has a market capitalization of $466.51 million, a price-to-earnings ratio of 39.56 and a beta of 1.19.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Intrepid Potash had a net margin of 8.11% and a return on equity of 4.02%. The business had revenue of $57.60 million during the quarter, compared to analyst estimates of $53.90 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Equities analysts expect that Intrepid Potash will post 0.2 earnings per share for the current year.
In other news, insider Robert P. Jornayvaz III acquired 17,675 shares of the stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $3.11 per share, with a total value of $54,969.25. Following the completion of the purchase, the insider now owns 2,089,144 shares in the company, valued at approximately $6,497,237.84. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert P. Jornayvaz III acquired 25,835 shares of the stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of $3.27 per share, with a total value of $84,480.45. Following the completion of the purchase, the chief executive officer now owns 1,206,650 shares of the company’s stock, valued at approximately $3,945,745.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 62,205 shares of company stock valued at $197,554. Company insiders own 27.80% of the company’s stock.
Large investors have recently modified their holdings of the company. Investors Research Corp bought a new position in shares of Intrepid Potash during the first quarter valued at about $25,000. Squarepoint Ops LLC purchased a new stake in Intrepid Potash in the fourth quarter worth about $27,000. Macquarie Group Ltd. purchased a new stake in Intrepid Potash in the fourth quarter worth about $35,000. Legal & General Group Plc grew its holdings in Intrepid Potash by 24.1% in the fourth quarter. Legal & General Group Plc now owns 18,218 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 3,533 shares during the period. Finally, Heritage Investors Management Corp purchased a new stake in Intrepid Potash in the first quarter worth about $57,000. 43.67% of the stock is owned by hedge funds and other institutional investors.
Intrepid Potash Company Profile
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.
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