Shares of Intrepid Potash, Inc. (NYSE:IPI) have been given an average rating of “Hold” by the twelve analysts that are presently covering the firm. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $2.25.
A number of research analysts recently weighed in on IPI shares. Zacks Investment Research upgraded shares of Intrepid Potash from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, July 6th. Morgan Stanley restated a “sell” rating and issued a $1.00 price objective on shares of Intrepid Potash in a report on Thursday, June 16th.
Shares of Intrepid Potash (NYSE:IPI) traded down 6.8529% on Thursday, reaching $0.9501. 598,270 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $1.22 and a 200 day moving average of $1.27. The firm’s market capitalization is $71.33 million. Intrepid Potash has a one year low of $0.65 and a one year high of $6.60.
Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data 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. The business earned $51.84 million during the quarter, compared to analyst estimates of $51.04 million. Intrepid Potash had a negative net margin of 251.86% and a negative return on equity of 9.92%. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. On average, equities research analysts predict that Intrepid Potash will post ($0.61) EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC increased its stake in shares of Intrepid Potash by 2.7% in the second quarter. Guggenheim Capital LLC now owns 401,382 shares of the company’s stock valued at $578,000 after buying an additional 10,521 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Intrepid Potash by 3.0% in the first quarter. Geode Capital Management LLC now owns 376,692 shares of the company’s stock valued at $417,000 after buying an additional 11,103 shares in the last quarter. Ameriprise Financial Inc. increased 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 in the last quarter. AIMZ Investment Advisors LLC increased its stake in shares of Intrepid Potash by 69.0% in the first quarter. AIMZ Investment Advisors LLC now owns 69,697 shares of the company’s stock valued at $805,000 after buying an additional 28,445 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Intrepid Potash during the second quarter valued at $114,000. Institutional investors and hedge funds own 41.70% of the company’s stock.
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 containing products segment. Its products are potash and Trio.
Receive News & Ratings for Intrepid Potash Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash Inc. and related companies with MarketBeat.com's FREE daily email newsletter.