Intrepid Potash (NYSE:IPI) Director Lori Lancaster Sells 4,800 Shares

Intrepid Potash, Inc (NYSE:IPIGet Free Report) Director Lori Lancaster sold 4,800 shares of Intrepid Potash stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $45.24, for a total value of $217,152.00. Following the completion of the transaction, the director owned 10,540 shares in the company, valued at approximately $476,829.60. The trade was a 31.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Intrepid Potash Stock Performance

Shares of IPI opened at $42.55 on Friday. Intrepid Potash, Inc has a 52-week low of $22.55 and a 52-week high of $50.34. The business’s fifty day moving average is $40.57 and its 200-day moving average is $33.35. The firm has a market cap of $571.43 million, a price-to-earnings ratio of 40.14 and a beta of 1.25.

Intrepid Potash (NYSE:IPIGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.14. Intrepid Potash had a return on equity of 4.53% and a net margin of 4.68%.The company had revenue of $98.69 million for the quarter, compared to analyst estimates of $88.30 million. As a group, research analysts forecast that Intrepid Potash, Inc will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IPI shares. Weiss Ratings upgraded Intrepid Potash from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. UBS Group raised their price objective on Intrepid Potash from $25.00 to $26.00 and gave the company a “sell” rating in a report on Thursday. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $26.00.

Get Our Latest Research Report on Intrepid Potash

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IPI. Gate City Capital Management LLC lifted its holdings in Intrepid Potash by 338.6% during the 4th quarter. Gate City Capital Management LLC now owns 914,026 shares of the basic materials company’s stock worth $25,346,000 after buying an additional 705,638 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Intrepid Potash in the 2nd quarter valued at about $3,441,000. SG Americas Securities LLC lifted its stake in shares of Intrepid Potash by 1,773.2% in the 1st quarter. SG Americas Securities LLC now owns 98,754 shares of the basic materials company’s stock valued at $4,224,000 after purchasing an additional 93,482 shares during the period. Vanguard Group Inc. lifted its stake in shares of Intrepid Potash by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 726,027 shares of the basic materials company’s stock valued at $22,202,000 after purchasing an additional 81,121 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Intrepid Potash by 350.2% in the 3rd quarter. GSA Capital Partners LLP now owns 86,945 shares of the basic materials company’s stock valued at $2,659,000 after purchasing an additional 67,631 shares during the period. 56.13% of the stock is owned by institutional investors and hedge funds.

Intrepid Potash Company Profile

(Get Free Report)

Intrepid Potash, Inc is a leading U.S.-based producer and marketer of potash and related specialty fertilizer products. The company’s primary business centers on potassium chloride, a key nutrient used in agricultural applications to enhance crop yield and quality. In addition to potash, Intrepid Potash produces magnesium chloride and sodium chloride, which serve a variety of markets including de-icing, dust control and industrial chemical production.

Intrepid Potash operates through a combination of solution mining, solar evaporation and conventional underground mining techniques.

Further Reading

Receive News & Ratings for Intrepid Potash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash and related companies with MarketBeat.com's FREE daily email newsletter.