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 12 month price targets for Intrepid Potash's shares. Their IPI share price forecasts range from $40.00 to $70.00. On average, they expect the company's stock price to reach $55.00 in the next twelve months. This suggests a possible upside of 43.6% from the stock's current price.
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Intrepid Potash's stock was trading at $42.73 at the beginning of the year. Since then, IPI shares have decreased by 10.3% and is now trading at $38.31.
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Intrepid Potash saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 768,600 shares, an increase of 8.7% from the August 15th total of 707,100 shares. Based on an average daily volume of 400,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 8.3% 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, November 7th 2022.
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Intrepid Potash, Inc. (NYSE:IPI) posted its quarterly earnings results on Thursday, August, 4th. The basic materials company reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.92 by $0.10. Intrepid Potash had a net margin of 86.52% and a trailing twelve-month return on equity of 10.87%. During the same period in the previous year, the firm posted $0.55 earnings per share.

Intrepid Potash announced that its board has initiated a share buyback plan 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 repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board 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 investors include State Street Corp (1.57%), Investment Management of Virginia LLC (1.50%), Millennium Management LLC (1.46%), CastleKnight Management LP (1.31%), FMR LLC (1.03%) and Goldman Sachs Group Inc. (0.90%). Insiders that own company stock include Clearway Capital Management Ll, Erica Wyatt, Matthew D Preston, Robert E Baldridge, Robert P Jornayvaz III and Terry Considine.
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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 $38.31.

Intrepid Potash (NYSE:IPI) has a market capitalization of $521.40 million and generates $270.33 million in revenue each year. The basic materials company earns $249.83 million in net income (profit) each year or $21.01 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.