Intrepid Potash Now Covered by Analysts at Piper Jaffray (IPI)
Equities researchers at Piper Jaffray initiated coverage on shares of Intrepid Potash (NYSE:IPI) in a research report issued on Tuesday. The firm set an “overweight” rating and a $21.00 price target on the stock. Piper Jaffray’s price target would suggest a potential upside of 23.97% from the company’s current price.
Separately, analysts at Susquehanna raised their price target on shares of Intrepid Potash from $13.00 to $14.00 in a research note on Friday, May 2nd. Six analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.70.
Shares of Intrepid Potash (NYSE:IPI) traded up 2.85% on Tuesday, hitting $16.94. The stock had a trading volume of 559,438 shares. Intrepid Potash has a 52 week low of $10.60 and a 52 week high of $19.51. The stock’s 50-day moving average is $16.37 and its 200-day moving average is $15.51. The company has a market cap of $1.279 billion and a P/E ratio of 177.10.
Intrepid Potash (NYSE:IPI) last released its earnings data on Wednesday, April 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Analysts expect that Intrepid Potash will post $0.08 EPS for the current fiscal year.
Intrepid Potash, Inc(NYSE:IPI) is a producer of muriate of potash (potassium chloride or potash) in the United States and are engaged the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral containing potassium, magnesium, and sulfate, that is produced from langbeinite ore and as Trio when it refers to sales and marketing.
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