Intrepid Potash (NYSE: IPI) had its price target of stock researchers at BMO Capital Markets from $ 3.25 to $ 4.00 in a listing issued to investors Wednesday, October 31st. The company currently has a "market practice" rating on the stock company's stock. BMO Capital Markets price targets point to a potential disadvantage of 6.54% from the stock market's previous closing.
Other analysts have also issued reports on the stock. Zacks Investment Research raised shares in Intrepid Potash from a "sell" rating to a "team" rating in a research report on Thursday, September 6th. ValuEngine reduced Intrepid Potash shares from a "team" rating to a "sell" rating in a research report on Thursday, September 6th. Finally, Stephens put a $ 7.00 prize on shares in Intrepid Potash and gave the stock company a "buy" rating in a research report on Tuesday, October 30. An analyst has rated the share with a sales rating, three have issued a holding grade and a purchase price has been awarded to the company. The company currently has a consensus rating on "Team" and an average price target of 4.81 USD.
Shares of IPI dropped $ 0.06 during dinner trading on Wednesday and beat $ 4.28. 844,904 shares in the company's traded hands, compared to the average volume of 838,922. Intrepid Potash has a 52 week low of 3.12 dollars and a 52 week high of 5.31 dollars. The company has a debt ratio of 0.12, a current quota of 3.23 and a fast ratio of 1.47.
Intrepid Potash (NYSE: IPI) released last quarterly results data Tuesday, October 30th. The basic material company reported $ 0.03 EPS for the quarter, reaching a consensus estimate of $ 0.03. Intrepid Potash had a net margin of 1.59% and a return on equity of 0.03%. Operations had a turnover of $ 36.53 million during the quarter compared with the consensus estimate of $ 35.85 million. In the same quarter last year, the company earned ($ 0.02) EPS. The company's revenue increased by 7.3% compared with the year before. As a group, equity analysts predict that Intrepid Potash will add 0.1 EPS for the current fiscal year.
In other Intrepid Potash news, insider Robert P. Jornayvaz III acquired 10,000 shares of the company's share in a transaction that occurred on Wednesday 15 August. The shares were bought at an average cost of $ 3.24 per share, with a total value of $ 32,400. After the acquisition, the holder now owns 1 206 650 shares in the company, valued at approximately $ 3 909 546. The transaction was terminated in a legal application with the Securities & Exchange Commission, which is available through this link. Major shareholders Clearway Capital Management Lt also acquired 306,467 shares of the company's share in a transaction that occurred on Wednesday 17 October. The shares were acquired at an average cost of $ 3.55 per share, for a total transaction of $ 1,087,957.85. The information for this purchase can be found here. In the last ninety days, insiders have purchased 950,634 shares of the company's shares worth 3 392 298 euros. Corporate inspectors own 27.30% of the company's share.
A number of hedge funds have recently changed their holdings of the share. New York State Pension Fund increased its stake in Intrepid Potash by 24.4% in the first quarter. The New York State Common Retirement Fund now owns 98,007 shares of the base material, valued at $ 357,000 after acquisition of another 19,200 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Intrepid Potash by 152.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 33,008 shares in the stock company's shares worth $ 135,000 after having purchased another 19,919 shares during the period. Bank of America Corp. DE raised its stake in Intrepid Potash shares by 96.9% in the second quarter. Bank of America Corp. They now own 41,056 shares in the basic material company's share worth $ 167,000 after having purchased another 20,204 shares during the period. Schwab Charles Investment Management Inc. raised its share in Intrepid Potash by 13.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 212,697 shares of the company's equity stock worth $ 775,000 after acquiring another 25,900 shares during the period. Finally, Macquarie Group Ltd. acquired. A new stake in Intrepid Potash shares worth $ 108,000 in the second quarter. 44.86% of the share is currently owned by institutional investors.
About Intrepid Potash
Intrepid Potash, Inc. produces and sells potash and langbeinite products in the United States and internationally. It works through two segments, Potash and Trio. The Potash segment offers muri of potassium chloride or potassium chloride for use as fertilizer in the agricultural market. as a component of drilling and cracking fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market. and as a nutritional supplement on the animal feed market.
Selected Article: Earnings per share (EPS)
Get news and ratings for Intrepid Potash Daily – Enter your email address below to get a brief daily summary of the latest news and analysts reviews for Intrepid Potash and related companies with MarketBeat.com's FREE Daily Newsletter.