Intrepid Potash, Inc. (NYSE:IPI) insider Robert P. Jornayvaz III purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $3.85 per share, for a total transaction of $38,500.00. Following the acquisition, the insider now owns 1,206,650 shares of the company’s stock, valued at approximately $4,645,602.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Intrepid Potash, Inc. (NYSE IPI) traded up $0.06 on Tuesday, hitting $3.86. The stock had a trading volume of 1,061,468 shares, compared to its average volume of 1,575,787. The company has a current ratio of 4.71, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15. Intrepid Potash, Inc. has a 52 week low of $1.24 and a 52 week high of $4.63.
Intrepid Potash (NYSE:IPI) last posted its quarterly earnings data on Monday, October 30th. The basic materials company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. Intrepid Potash had a negative net margin of 22.88% and a negative return on equity of 8.09%. The business had revenue of $32.06 million for the quarter, compared to analyst estimates of $33.15 million. During the same quarter last year, the business earned ($0.22) earnings per share. The business’s revenue for the quarter was down 26.5% on a year-over-year basis. analysts anticipate that Intrepid Potash, Inc. will post -0.16 earnings per share for the current year.
IPI has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Intrepid Potash from $3.00 to $4.00 and gave the company a “market perform” rating in a report on Tuesday, October 31st. Cowen reaffirmed a “sell” rating and set a $3.50 price target on shares of Intrepid Potash in a report on Friday, December 1st. Finally, Stephens initiated coverage on Intrepid Potash in a report on Monday, December 4th. They set an “equal weight” rating and a $4.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $3.55.
TRADEMARK VIOLATION WARNING: “Robert P. Jornayvaz III Purchases 10,000 Shares of Intrepid Potash, Inc. (IPI) Stock” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/19/robert-p-jornayvaz-iii-purchases-10000-shares-of-intrepid-potash-inc-ipi-stock.html.
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.
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.