Intrepid Potash, Inc (NYSE:IPI) CEO Robert P. Jornayvaz III purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average cost of $3.21 per share, with a total value of $24,075.00. Following the acquisition, the chief executive officer now owns 1,206,650 shares of the company’s stock, valued at approximately $3,873,346.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Robert P. Jornayvaz III also recently made the following trade(s):

  • On Monday, May 22nd, Robert P. Jornayvaz III purchased 50,000 shares of Intrepid Potash stock. The stock was bought at an average cost of $2.30 per share, with a total value of $115,000.00.

Intrepid Potash, Inc (NYSE:IPI) traded up 1.78% during mid-day trading on Wednesday, hitting $3.43. 3,163,829 shares of the stock were exchanged. The firm’s market cap is $434.02 million. The company has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.15. Intrepid Potash, Inc has a 52-week low of $0.93 and a 52-week high of $3.93.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Intrepid Potash had a negative net margin of 30.56% and a negative return on equity of 12.37%. The firm had revenue of $43.90 million during the quarter, compared to the consensus estimate of $37.75 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. Intrepid Potash’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, analysts anticipate that Intrepid Potash, Inc will post ($0.26) EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in IPI. Dimensional Fund Advisors LP increased its stake in Intrepid Potash by 40.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 936,918 shares of the basic materials company’s stock valued at $1,949,000 after buying an additional 267,978 shares during the period. Bank of New York Mellon Corp increased its stake in Intrepid Potash by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 568,163 shares of the basic materials company’s stock valued at $977,000 after buying an additional 7,793 shares during the period. Ameriprise Financial Inc. increased its stake in Intrepid Potash by 50.1% in the first quarter. Ameriprise Financial Inc. now owns 847,566 shares of the basic materials company’s stock valued at $1,458,000 after buying an additional 282,913 shares during the period. Parametric Portfolio Associates LLC increased its stake in Intrepid Potash by 30.6% in the first quarter. Parametric Portfolio Associates LLC now owns 126,394 shares of the basic materials company’s stock valued at $217,000 after buying an additional 29,646 shares during the period. Finally, Bienville Capital Management LLC increased its stake in Intrepid Potash by 4,116.7% in the first quarter. Bienville Capital Management LLC now owns 2,560,728 shares of the basic materials company’s stock valued at $4,404,000 after buying an additional 2,500,000 shares during the period. Hedge funds and other institutional investors own 42.41% of the company’s stock.

IPI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Intrepid Potash from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Wednesday, April 26th. BMO Capital Markets reaffirmed a “hold” rating and issued a $2.00 price target on shares of Intrepid Potash in a report on Friday, July 7th. BidaskClub raised shares of Intrepid Potash from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, UBS AG cut shares of Intrepid Potash from a “neutral” rating to a “sell” rating and raised their price target for the stock from $2.00 to $2.50 in a report on Monday.

About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

Insider Buying and Selling by Quarter for Intrepid Potash (NYSE:IPI)

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