Intrepid Potash, Inc. (NYSE:IPI) has received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.56.
IPI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Intrepid Potash from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Stephens initiated coverage on shares of Intrepid Potash in a research note on Monday, December 4th. They issued an “equal weight” rating and a $4.00 target price for the company. Cowen reaffirmed a “sell” rating and issued a $3.50 target price on shares of Intrepid Potash in a research note on Friday, December 1st. Finally, ValuEngine lowered shares of Intrepid Potash from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st.
Intrepid Potash (NYSE:IPI) opened at $3.81 on Wednesday. The firm has a market cap of $509.00, a price-to-earnings ratio of -15.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 0.77. Intrepid Potash has a one year low of $1.24 and a one year high of $5.12.
In other Intrepid Potash news, CEO Robert P. Jornayvaz III purchased 15,900 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were purchased at an average cost of $3.30 per share, with a total value of $52,470.00. Following the transaction, the chief executive officer now directly owns 1,206,650 shares of the company’s stock, valued at approximately $3,981,945. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Clearway Capital Management Lt purchased 211,344 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $3.30 per share, for a total transaction of $697,435.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 342,244 shares of company stock worth $1,155,155 over the last three months. Insiders own 27.30% of the company’s stock.
A number of large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Intrepid Potash during the 4th quarter worth about $106,000. Jane Street Group LLC bought a new stake in Intrepid Potash during the 4th quarter worth about $118,000. LPL Financial LLC bought a new stake in Intrepid Potash during the 4th quarter worth about $132,000. Two Sigma Investments LP lifted its position in Intrepid Potash by 163.5% during the 4th quarter. Two Sigma Investments LP now owns 136,263 shares of the basic materials company’s stock worth $649,000 after buying an additional 84,559 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Intrepid Potash by 140.0% during the 4th quarter. Deutsche Bank AG now owns 212,218 shares of the basic materials company’s stock worth $1,009,000 after buying an additional 123,796 shares in the last quarter. 46.88% of the stock is currently owned by hedge funds and other institutional investors.
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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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