Intrepid Potash, Inc. (IPI) Given Average Rating of “Hold” by Brokerages
Shares of Intrepid Potash, Inc. (NYSE:IPI) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $2.25.
Several equities analysts recently commented on IPI shares. Morgan Stanley reiterated a “sell” rating and set a $1.00 price target on shares of Intrepid Potash in a report on Thursday, June 16th. Zacks Investment Research upgraded shares of Intrepid Potash from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Wednesday, July 6th.
Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in shares of Intrepid Potash during the second quarter valued at $114,000. Tower Research Capital LLC TRC boosted its stake in shares of Intrepid Potash by 1,393.7% in the second quarter. Tower Research Capital LLC TRC now owns 122,599 shares of the company’s stock valued at $177,000 after buying an additional 114,391 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Intrepid Potash during the second quarter valued at $291,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Intrepid Potash during the second quarter valued at $322,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Intrepid Potash by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 271,811 shares of the company’s stock valued at $392,000 after buying an additional 12,133 shares during the last quarter. 41.70% of the stock is owned by institutional investors.
Shares of Intrepid Potash (NYSE:IPI) traded down 6.8529% during trading on Thursday, hitting $0.9501. 598,270 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $1.22 and a 200-day moving average price of $1.27. Intrepid Potash has a one year low of $0.65 and a one year high of $6.60. The stock’s market cap is $71.33 million.
Intrepid Potash (NYSE:IPI) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.02. Intrepid Potash had a negative return on equity of 9.92% and a negative net margin of 251.86%. The business earned $51.84 million during the quarter, compared to the consensus estimate of $51.04 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was down 29.7% on a year-over-year basis. Equities research analysts expect that Intrepid Potash will post ($0.61) EPS for the current fiscal year.
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 containing products segment. Its products are potash and Trio.
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