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 "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 brokerages have issued twelve-month price objectives for Intrepid Potash's stock. Their IPI share price forecasts range from $29.00 to $40.00. On average, they anticipate the company's stock price to reach $34.50 in the next twelve months. This suggests a possible upside of 32.1% from the stock's current price.
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Intrepid Potash's stock was trading at $28.87 at the start of the year. Since then, IPI shares have decreased by 9.5% and is now trading at $26.12.
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Intrepid Potash saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 413,400 shares, a decrease of 6.5% from the February 13th total of 442,200 shares. Based on an average daily trading volume, of 221,100 shares, the days-to-cover ratio is presently 1.9 days. Approximately 4.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Intrepid Potash, Inc. (NYSE:IPI) announced its quarterly earnings results on Monday, March, 6th. The basic materials company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by $0.11. The basic materials company had revenue of $66.68 million for the quarter, compared to analyst estimates of $63.94 million. Intrepid Potash had a net margin of 21.39% and a trailing twelve-month return on equity of 11.27%. During the same period in the previous year, the firm posted $0.60 EPS.

ETFs with the largest weight of Intrepid Potash (NYSE:IPI) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), iShares MSCI Agriculture Producers ETF (VEGI) and Vanguard Materials Index Fund (VAW).Fidelity MSCI Materials Index ETF (FMAT).

Intrepid Potash declared that its Board of Directors has initiated a stock buyback plan on Monday, March 7th 2022, which allows the company to buyback $35,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership 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 a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.73%), Morgan Stanley (1.60%), Investment Management of Virginia LLC (1.54%), Geode Capital Management LLC (1.41%), AQR Capital Management LLC (1.14%) and Simplex Trading LLC (0.00%). 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 $26.12.

Intrepid Potash (NYSE:IPI) has a market capitalization of $338.78 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 $5.32 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.