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 equities research analysts have issued 12 month target prices for Intrepid Potash's stock. Their IPI share price forecasts range from $25.00 to $29.00. On average, they expect the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 40.5% from the stock's current price.
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Intrepid Potash's stock was trading at $28.87 at the beginning of 2023. Since then, IPI stock has decreased by 33.4% and is now trading at $19.22.
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Intrepid Potash saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 582,100 shares, an increase of 22.1% from the April 30th total of 476,800 shares. Based on an average daily trading volume, of 191,700 shares, the days-to-cover ratio is currently 3.0 days. Approximately 6.6% 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 Thursday, August 3rd 2023.
View our IPI earnings forecast.

Intrepid Potash, Inc. (NYSE:IPI) issued its earnings results on Wednesday, May, 3rd. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.12. The basic materials company had revenue of $86.92 million for the quarter, compared to analysts' expectations of $66.99 million. Intrepid Potash had a trailing twelve-month return on equity of 7.43% and a net margin of 14.15%. During the same period in the prior year, the company posted $2.32 EPS.

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

Intrepid Potash declared that its Board of Directors has authorized a stock buyback plan on Monday, March 7th 2022, which permits the company to repurchase $35,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication 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."

Intrepid Potash's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.34%), Dimensional Fund Advisors LP (6.08%), Federated Hermes Inc. (2.10%), State Street Corp (1.69%), Investment Management of Virginia LLC (1.60%) and Geode Capital Management LLC (1.51%). 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.
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One share of IPI stock can currently be purchased for approximately $19.22.

Intrepid Potash (NYSE:IPI) has a market capitalization of $252.94 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 $3.36 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.