Intrepid Potash, Inc. (NYSE:IPI) has been given an average rating of “Hold” by the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $4.92.
IPI has been the subject of a number of analyst reports. Zacks Investment Research raised Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Stephens set a $7.00 price target on Intrepid Potash and gave the stock a “buy” rating in a research note on Tuesday, October 30th. BMO Capital Markets raised their price target on Intrepid Potash from $3.25 to $4.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 31st. Finally, TheStreet raised Intrepid Potash from a “d+” rating to a “c-” rating in a research note on Monday, November 12th.
NYSE:IPI opened at $3.97 on Friday. The company has a market cap of $528.24 million, a PE ratio of -22.06 and a beta of 1.07. Intrepid Potash has a fifty-two week low of $2.51 and a fifty-two week high of $5.31. The company has a quick ratio of 1.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.12.
In other Intrepid Potash news, major shareholder Clearway Capital Management Lt purchased 203,470 shares of the company’s stock in a transaction that occurred on Thursday, January 10th. The stock was bought at an average price of $3.18 per share, with a total value of $647,034.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 453,470 shares of company stock valued at $1,441,035 in the last ninety days. 27.70% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in Intrepid Potash by 24.1% in the fourth quarter. Legal & General Group Plc now owns 18,218 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 3,533 shares in the last quarter. ETF Managers Group LLC raised its holdings in Intrepid Potash by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 35,827 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 4,884 shares in the last quarter. Squarepoint Ops LLC bought a new position in Intrepid Potash in the fourth quarter worth $27,000. SG Americas Securities LLC bought a new position in Intrepid Potash in the fourth quarter worth $34,000. Finally, Macquarie Group Ltd. bought a new position in Intrepid Potash in the fourth quarter worth $35,000. Institutional investors and hedge funds own 44.98% of the company’s stock.
Intrepid Potash Company Profile
Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. 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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