Intrepid Potash, Inc (NYSE:IPI) insider Robert P. Jornayvaz III acquired 5,100 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average price of $3.53 per share, with a total value of $18,003.00. Following the acquisition, the insider now directly owns 1,206,650 shares of the company’s stock, valued at approximately $4,259,474.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Intrepid Potash, Inc (NYSE IPI) traded up $0.10 during midday trading on Thursday, reaching $3.66. The company had a trading volume of 814,804 shares, compared to its average volume of 1,582,557. The company has a quick ratio of 1.17, a current ratio of 4.71 and a debt-to-equity ratio of 0.15. Intrepid Potash, Inc has a fifty-two week low of $1.24 and a fifty-two week high of $4.63.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings data on Monday, October 30th. The basic materials company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $32.06 million during the quarter, compared to the consensus estimate of $33.15 million. Intrepid Potash had a negative return on equity of 8.09% and a negative net margin of 22.88%. The firm’s revenue was down 26.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) earnings per share. equities research analysts predict that Intrepid Potash, Inc will post -0.16 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Old West Investment Management LLC grew its stake in Intrepid Potash by 18.5% in the third quarter. Old West Investment Management LLC now owns 1,012,459 shares of the basic materials company’s stock valued at $4,414,000 after acquiring an additional 158,256 shares during the period. Royce & Associates LP grew its stake in Intrepid Potash by 18.3% in the third quarter. Royce & Associates LP now owns 579,955 shares of the basic materials company’s stock valued at $2,529,000 after acquiring an additional 89,749 shares during the period. KBC Group NV acquired a new position in Intrepid Potash in the third quarter valued at about $374,000. Dimensional Fund Advisors LP grew its stake in Intrepid Potash by 82.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,181,060 shares of the basic materials company’s stock valued at $13,870,000 after acquiring an additional 1,435,178 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Intrepid Potash by 82.5% in the third quarter. Wells Fargo & Company MN now owns 105,505 shares of the basic materials company’s stock valued at $460,000 after acquiring an additional 47,696 shares during the period. 47.99% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on IPI. Cowen reiterated a “sell” rating and issued a $3.50 price objective on shares of Intrepid Potash in a report on Friday, December 1st. Zacks Investment Research upgraded Intrepid Potash from a “sell” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Wednesday, August 9th. Stephens began coverage on Intrepid Potash in a report on Monday. They issued an “equal weight” rating and a $4.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on Intrepid Potash from $3.00 to $4.00 and gave the company a “market perform” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Intrepid Potash presently has a consensus rating of “Hold” and a consensus target price of $3.55.

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Intrepid Potash Company Profile

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.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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