Brokerage Firm Rating on Intrepid Potash Inc (IPI)

Intrepid Potash Inc (IPI) : The consensus on Intrepid Potash Inc (IPI) based on 4 analyst recommendation on the company stock is 3.43, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Intrepid Potash Inc (IPI).

Intrepid Potash Inc (IPI) : The highest short term price target forecast on Intrepid Potash Inc (IPI) is $4 and the lowest target price is $1. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $2.67 with a standard deviation of $1.53.


Company shares have received an average consensus rating of Hold for the current week Intrepid Potash Inc (NYSE:IPI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.36 and $1.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.35, notching a gain of 0.75% for the day. The total traded volume was 388,935 . The stock had closed at $1.34 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Intrepid Potash, Inc., Jornayvaz Robert P Iii, had purchased 338,761 shares in a transaction dated on May 11, 2016. The transaction was executed at $1.29 per share with total amount equaling $437,002.

Intrepid Potash, Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States. The Company sells potash and Trio into the agricultural market as a fertilizer. The Company also sells produce salt, magnesium chloride and metal recovery salts from its potash mining processes. The Company owns three solution mining facilities and two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB solar solution mine near Carlsbad, New Mexico, a solar solution mine near Moab, Utah and a solar evaporation shallow brine mine in Wendover, Utah. The Companys conventional production comes from its underground West and East mines near Carlsbad, New Mexico, which services the West and HB mines.

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