Intrepid Potash, Inc (NYSE:IPI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $37.28 and traded as high as $38.20. Intrepid Potash shares last traded at $37.8850, with a volume of 161,077 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have recently commented on IPI shares. Zacks Research raised shares of Intrepid Potash from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Freedom Capital raised shares of Intrepid Potash to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Intrepid Potash in a research report on Wednesday, August 19th. Finally, UBS Group raised their price target on shares of Intrepid Potash from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.00.
Check Out Our Latest Stock Report on Intrepid Potash
Intrepid Potash Trading Up 0.8%
Intrepid Potash (NYSE:IPI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.22). The firm had revenue of $66.69 million during the quarter, compared to analyst estimates of $64.86 million. Intrepid Potash had a net margin of 8.94% and a return on equity of 4.74%. Equities research analysts expect that Intrepid Potash, Inc will post 1.86 EPS for the current year.
Institutional Investors Weigh In On Intrepid Potash
A number of hedge funds and other institutional investors have recently bought and sold shares of IPI. EverSource Wealth Advisors LLC increased its stake in shares of Intrepid Potash by 197.8% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the basic materials company’s stock valued at $29,000 after buying an additional 544 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Intrepid Potash in the 1st quarter valued at about $37,000. Quantbot Technologies LP bought a new position in shares of Intrepid Potash in the second quarter worth about $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Intrepid Potash during the fourth quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Intrepid Potash by 80.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 607 shares in the last quarter. 56.13% of the stock is owned by institutional investors and hedge funds.
Intrepid Potash Company Profile
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.
Featured Stories
- Five stocks we like better than Intrepid Potash
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
