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.
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2 Wall Street research analysts have issued 1 year price targets for Intrepid Potash's shares. Their IPI share price forecasts range from $40.00 to $70.00. On average, they anticipate the company's share price to reach $55.00 in the next year. This suggests a possible upside of 24.2% from the stock's current price.
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Intrepid Potash's stock was trading at $42.73 at the start of the year. Since then, IPI shares have increased by 3.7% and is now trading at $44.30.
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Intrepid Potash saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 726,800 shares, an increase of 8.6% from the July 15th total of 669,400 shares. Based on an average daily volume of 469,200 shares, the short-interest ratio is currently 1.5 days. Approximately 7.8% of the company's stock 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) issued 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 quarter in the prior year, the business posted $0.55 earnings per share.

Intrepid Potash announced that its board has authorized a stock buyback plan on Monday, March 7th 2022, which allows the company to repurchase $35,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management 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 retail and institutional investors. Top institutional shareholders 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 $44.30.

Intrepid Potash (NYSE:IPI) has a market capitalization of $602.92 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.