Zacks Rating on Intrepid Potash Inc (IPI)

Intrepid Potash Inc (IPI) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Intrepid Potash Inc (IPI). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.43.

Intrepid Potash Inc (IPI) stock is expected to deviate a maximum of $1.53 from the average target price of $2.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $1.


Shares of Intrepid Potash, Inc. appreciated by 3.05% during the last five trading days but lost 1.46% on a 4-week basis. Intrepid Potash, Inc. is up 5.47% in the last 3-month period. Year-to-Date the stock performance stands at -54.24%. Intrepid Potash Inc (NYSE:IPI): The stock was completely flat for the day, closing at $1.35 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $1.35, the stock touched an intraday high of $1.38 and a low of $1.34. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.35. The total trading volume on Tuesday was 738,702.

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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