Intrepid Potash - IPI Stock Forecast, Price & News

2 Wall Street equities 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 equities 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.
View IPI analyst ratings or view top-rated stocks.

2 equities research analysts have issued 12-month price targets for Intrepid Potash's stock. Their IPI share price forecasts range from $40.00 to $40.00. On average, they expect the company's stock price to reach $40.00 in the next twelve months. This suggests a possible upside of 10.1% 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 $42.73 on January 1st, 2022. Since then, IPI shares have decreased by 15.0% and is now trading at $36.32.
View the best growth stocks for 2022 here.

Intrepid Potash saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 706,500 shares, an increase of 21.9% from the October 31st total of 579,600 shares. Based on an average daily trading volume, of 308,800 shares, the short-interest ratio is currently 2.3 days. Approximately 7.7% of the shares of the stock are short sold.
View Intrepid Potash's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our IPI earnings forecast.

Intrepid Potash, Inc. (NYSE:IPI) posted its quarterly earnings results on Sunday, October, 31st. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by $0.28. The basic materials company earned $51.24 million during 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 quarter last year, the firm earned ($0.78) earnings per share.

Intrepid Potash declared that its Board of Directors has authorized 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 purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership 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."

Intrepid Potash's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.96%), Dimensional Fund Advisors LP (6.37%), Vanguard Group Inc. (4.26%), Assenagon Asset Management S.A. (2.28%), Two Sigma Advisers LP (1.66%) and State Street Corp (1.63%). Insiders that own company stock include Clearway Capital Management Ll, Matthew D Preston, Robert E Baldridge and Robert P Jornayvaz III.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of IPI stock can currently be purchased for approximately $36.32.

Intrepid Potash (NYSE:IPI) has a market capitalization of $489.96 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 $21.68 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.