Intrepid Potash (IPI) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intrepid Potash in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" IPI shares.
View IPI analyst ratings or view top-rated stocks.

2 analysts have issued 1-year target prices for Intrepid Potash's stock. Their IPI share price forecasts range from $25.00 to $29.00. On average, they predict the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for IPI or view top-rated stocks among Wall Street analysts.

Intrepid Potash's stock was trading at $28.87 at the beginning of 2023. Since then, IPI shares have decreased by 17.6% and is now trading at $23.80.
View the best growth stocks for 2023 here.

Intrepid Potash saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 502,500 shares, a decline of 8.1% from the August 31st total of 546,500 shares. Based on an average daily trading volume, of 149,500 shares, the short-interest ratio is currently 3.4 days. Approximately 5.7% of the company's shares are short sold.
View Intrepid Potash's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our IPI earnings forecast.

Intrepid Potash, Inc. (NYSE:IPI) posted its quarterly earnings data on Wednesday, August, 2nd. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.12. The basic materials company had revenue of $70.52 million for the quarter, compared to the consensus estimate of $58.25 million. Intrepid Potash had a net margin of 8.37% and a trailing twelve-month return on equity of 4.57%.

Subversive Food Security ETF holds 1,583 shares of IPI stock, representing 6.79% of its portfolio.

Intrepid Potash declared that its Board of Directors has authorized a share repurchase program on Monday, March 7th 2022, which permits the company to buyback $35,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

6 employees have rated Intrepid Potash Chief Executive Officer Robert P. Jornayvaz III on Glassdoor.com. Robert P. Jornayvaz III has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Intrepid Potash investors own include Navios Maritime (NM), General Electric (GE), Cleveland-Cliffs (CLF), Amedica (AMDA), Freeport-McMoRan (FCX), Sangamo Therapeutics (SGMO), Enphase Energy (ENPH), Energy Transfer (ET) and Gilead Sciences (GILD).

Intrepid Potash trades on the New York Stock Exchange (NYSE) under the ticker symbol "IPI."

Shares of IPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IPI stock can currently be purchased for approximately $23.80.

Intrepid Potash (NYSE:IPI) has a market capitalization of $313.21 million and generates $337.57 million in revenue each year. The basic materials company earns $72.22 million in net income (profit) each year or $1.95 on an earnings per share basis.

The company employs 473 workers across the globe.

Intrepid Potash's mailing address is 1001 17thStreet Suite1050, DENVER CO, 80202. The official website for the company is www.intrepidpotash.com. The basic materials company can be reached via phone at (303) 296-3006, via email at ir@intrepidpotash.com, or via fax at 303-298-7502.