Intrepid Potash, Inc. (NYSE:IPI) major shareholder Clearway Capital Management Lt acquired 211,344 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $3.30 per share, for a total transaction of $697,435.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Intrepid Potash, Inc. (NYSE IPI) opened at $3.36 on Friday. The company has a market capitalization of $431.55, a P/E ratio of -7.30 and a beta of 0.85. Intrepid Potash, Inc. has a 12-month low of $1.24 and a 12-month high of $5.12. The company has a current ratio of 4.71, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.
IPI has been the topic of several analyst reports. BMO Capital Markets upped their price objective on Intrepid Potash from $3.00 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered Intrepid Potash from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens initiated coverage on Intrepid Potash in a research note on Monday, December 4th. They issued an “equal weight” rating and a $4.00 price objective on the stock. Finally, Cowen reiterated a “sell” rating and issued a $3.50 price objective on shares of Intrepid Potash in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Intrepid Potash has a consensus rating of “Hold” and an average target price of $3.55.
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.
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