Intrepid Potash, Inc (IPI) Insider Purchases $18,003.00 in Stock
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 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.
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