Analysts’ Recent Ratings Updates for Intrepid Potash (IPI)

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A number of research firms have changed their ratings and price targets for Intrepid Potash (NYSE: IPI):

  • 4/10/2019 – Intrepid Potash was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.25 price target on the stock. According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “
  • 4/8/2019 – Intrepid Potash was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 4/1/2019 – Intrepid Potash was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/27/2019 – Intrepid Potash was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “
  • 3/13/2019 – Intrepid Potash was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “INTREPID POTASH, Inc. is the largest producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite, another mineral containing potassium. Intrepid owns five active potash production facilities — three in New Mexico and two in Utah “

IPI traded up $0.02 during trading on Wednesday, reaching $3.90. 395 shares of the stock traded hands, compared to its average volume of 453,051. The company has a current ratio of 4.18, a quick ratio of 1.82 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $511.10 million, a P/E ratio of 43.33 and a beta of 1.16. Intrepid Potash, Inc. has a 12 month low of $2.51 and a 12 month high of $5.31.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Tuesday, March 12th. The basic materials company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $34.90 million for the quarter, compared to analysts’ expectations of $36.19 million. Intrepid Potash had a net margin of 6.04% and a return on equity of 3.00%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, research analysts predict that Intrepid Potash, Inc. will post 0.19 EPS for the current fiscal year.

In related news, major shareholder Clearway Capital Management Lt acquired 200,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were purchased at an average price of $3.22 per share, for a total transaction of $644,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph G. Montoya sold 9,500 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $3.70, for a total transaction of $35,150.00. Following the transaction, the vice president now owns 71,950 shares in the company, valued at approximately $266,215. The disclosure for this sale can be found here. Corporate insiders own 27.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of Intrepid Potash by 24.1% in the 4th quarter. Legal & General Group Plc now owns 18,218 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 3,533 shares during the last quarter. ETF Managers Group LLC raised its holdings in shares of Intrepid Potash by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 35,827 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 4,884 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Intrepid Potash in the 4th quarter worth about $27,000. SG Americas Securities LLC acquired a new stake in shares of Intrepid Potash in the 4th quarter worth about $34,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Intrepid Potash in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 44.45% of the company’s stock.

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

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