Intrepid Potash - IPI Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intrepid Potash in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IPI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IPI, but not buy additional shares or sell existing shares.
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2 analysts have issued 12 month price objectives for Intrepid Potash's shares. Their IPI share price forecasts range from $29.00 to $40.00. On average, they expect the company's share price to reach $34.50 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
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Intrepid Potash's stock was trading at $28.87 on January 1st, 2023. Since then, IPI shares have increased by 10.3% and is now trading at $31.84.
View the best growth stocks for 2023 here.

Intrepid Potash saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 606,700 shares, an increase of 7.8% from the December 15th total of 562,600 shares. Based on an average daily volume of 263,600 shares, the days-to-cover ratio is currently 2.3 days. Approximately 6.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
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Intrepid Potash, Inc. (NYSE:IPI) released its quarterly earnings data on Sunday, October, 31st. The basic materials company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.28. The basic materials company had revenue of $51.24 million for the quarter. Intrepid Potash had a trailing twelve-month return on equity of 11.05% and a net margin of 85.23%. During the same period in the prior year, the firm posted ($0.78) earnings per share.

Intrepid Potash declared that its Board of Directors has authorized a share repurchase plan on Monday, March 7th 2022, which authorizes the company to buyback $35,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is 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."

Intrepid Potash's stock is owned by many different retail and institutional investors. Top institutional investors include Investment Management of Virginia LLC (1.54%), Simplex Trading LLC (0.00%), Foundry Partners LLC (0.68%), Assenagon Asset Management S.A. (0.63%), Euclidean Technologies Management LLC (0.42%) and Janney Montgomery Scott LLC (0.16%). Insiders that own company stock include Clearway Capital Management Ll, Matthew D Preston and Robert E Baldridge.
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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 $31.84.

Intrepid Potash (NYSE:IPI) has a market capitalization of $429.49 million and generates $342.72 million in revenue each year. The basic materials company earns $249.83 million in net income (profit) each year or $21.68 on an earnings per share basis.

The company employs 440 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.