Several brokerages have updated their recommendations and price targets on shares of Intrepid Potash (NYSE: IPI) in the last few weeks:

  • 8/7/2017 – Intrepid Potash was downgraded by analysts at UBS AG from a “neutral” rating to a “sell” rating. They now have a $2.50 price target on the stock, up previously from $2.00.
  • 8/3/2017 – Intrepid Potash had its price target raised by analysts at BMO Capital Markets from $2.00 to $3.00. They now have a “market perform” rating on the stock.
  • 8/2/2017 – Intrepid Potash was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/26/2017 – Intrepid Potash was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong 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 “
  • 7/18/2017 – 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.

Intrepid Potash, Inc (NYSE:IPI) opened at 3.22 on Tuesday. The stock’s market capitalization is $407.45 million. The firm has a 50-day moving average of $2.55 and a 200-day moving average of $2.12. Intrepid Potash, Inc has a one year low of $0.93 and a one year high of $3.58.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $43.90 million during the quarter, compared to analyst estimates of $37.75 million. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) EPS. On average, equities research analysts forecast that Intrepid Potash, Inc will post ($0.28) earnings per share for the current year.

In related news, insider Robert P. Jornayvaz III purchased 50,000 shares of Intrepid Potash stock in a transaction dated Monday, May 22nd. The stock was bought at an average cost of $2.30 per share, with a total value of $115,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Clearway Capital Management Lt purchased 300,000 shares of Intrepid Potash stock in a transaction dated Friday, July 21st. The stock was bought 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. Over the last ninety days, insiders bought 1,224,531 shares of company stock valued at $3,511,842. Company insiders own 27.20% of the company’s stock.

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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