Intrepid Potash, Inc. (NYSE:IPI) major shareholder Clearway Capital Management Lt bought 211,344 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $3.30 per share, with a total value of $697,435.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Intrepid Potash, Inc. (NYSE:IPI) traded down $0.08 during trading hours on Friday, hitting $3.22. 880,283 shares of the stock traded hands, compared to its average volume of 1,057,654. Intrepid Potash, Inc. has a 12 month low of $1.24 and a 12 month high of $5.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 4.71. The firm has a market cap of $462.93, a PE ratio of -7.01 and a beta of 0.85.
A number of brokerages recently issued reports on IPI. Cowen reiterated a “sell” rating and set a $3.50 target price on shares of Intrepid Potash in a research report on Friday, December 1st. Stephens started coverage on shares of Intrepid Potash in a research report on Monday, December 4th. They issued an “equal weight” rating and a $4.00 price objective for the company. BMO Capital Markets raised their price objective on shares of Intrepid Potash from $3.00 to $4.00 and gave the company a “market perform” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Intrepid Potash from a “buy” rating to a “hold” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. Intrepid Potash currently has an average rating of “Hold” and an average target price of $3.55.
About Intrepid Potash
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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