What’s Ahead for Intrepid Potash, Inc. (IPI) After Today’s Huge Increase?

September 17, 2017 - By Vivian Currie

Investors sentiment decreased to 0.49 in Q4 2016. Its down 0.26, from 0.75 in 2016Q3. It dived, as 29 investors sold Intrepid Potash, Inc. shares while 32 reduced holdings. 14 funds opened positions while 16 raised stakes. 28.45 million shares or 11.71% less from 32.23 million shares in 2016Q3 were reported.
840 are owned by Tower Research Capital Ltd Liability (Trc). Credit Suisse Ag, a Switzerland-based fund reported 27,330 shares. Manufacturers Life Ins Comm The holds 0% or 2,173 shares in its portfolio. Susquehanna International Group Ltd Liability Partnership invested 0% of its portfolio in Intrepid Potash, Inc. (NYSE:IPI). 4,422 were accumulated by Nationwide Fund Advsr. Walthausen And Co Lc owns 0.56% invested in Intrepid Potash, Inc. (NYSE:IPI) for 2.92 million shares. Quinn Opportunity Partners Ltd Liability Com accumulated 31,819 shares or 0.02% of the stock. Morgan Stanley owns 629,443 shares. 17,689 were reported by Tfs Capital Limited Co. Plante Moran Fincl Advsrs Limited Liability Com has 0% invested in Intrepid Potash, Inc. (NYSE:IPI) for 500 shares. 2,475 were accumulated by Jpmorgan Chase & Company. Moreover, Jane Street Limited Liability Company has 0% invested in Intrepid Potash, Inc. (NYSE:IPI) for 14,512 shares. Citadel Advsrs Limited Liability Corporation reported 0% stake. Northern Trust holds 167,694 shares or 0% of its portfolio. Mufg Americas Corporation holds 0% of its portfolio in Intrepid Potash, Inc. (NYSE:IPI) for 300 shares.

The stock of Intrepid Potash, Inc. (NYSE:IPI) is a huge mover today! The stock increased 4.03% or $0.15 on September 15, reaching $3.87. About 2.86 million shares traded or 57.14% up from the average. Intrepid Potash, Inc. (NYSE:IPI) has risen 84.68% since September 17, 2016 and is uptrending. It has outperformed by 67.98% the S&P500.
The move comes after 8 months positive chart setup for the $504.01 million company. It was reported on Sep, 17 by Barchart.com. We have $4.22 PT which if reached, will make NYSE:IPI worth $45.36M more.

Analysts await Intrepid Potash, Inc. (NYSE:IPI) to report earnings on November, 1. They expect $-0.04 earnings per share, up 82.61 % or $0.19 from last year’s $-0.23 per share. After $-0.03 actual earnings per share reported by Intrepid Potash, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

Intrepid Potash, Inc. (NYSE:IPI) Ratings Coverage

Among 9 analysts covering Intrepid Potash Inc. (NYSE:IPI), 1 have Buy rating, 3 Sell and 5 Hold. Therefore 11% are positive. Intrepid Potash Inc. had 22 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained Intrepid Potash, Inc. (NYSE:IPI) rating on Wednesday, October 21. RBC Capital Markets has “Sector Perform” rating and $7 target. The firm has “Underperform” rating given on Wednesday, October 28 by Credit Agricole. Susquehanna maintained Intrepid Potash, Inc. (NYSE:IPI) on Tuesday, January 26 with “Neutral” rating. BMO Capital Markets maintained it with “Hold” rating and $200 target in Thursday, July 6 report. Cowen & Co maintained it with “Market Perform” rating and $4 target in Tuesday, November 24 report. Cowen & Co downgraded the shares of IPI in report on Thursday, April 14 to “Underperform” rating. Societe Generale upgraded Intrepid Potash, Inc. (NYSE:IPI) on Tuesday, January 19 to “Sector Perform” rating. As per Wednesday, October 28, the company rating was downgraded by CLSA. CLSA upgraded the shares of IPI in report on Tuesday, May 10 to “Outperform” rating. The stock has “Hold” rating by Vertical Research on Tuesday, November 24.

Another recent and important Intrepid Potash, Inc. (NYSE:IPI) news was published by Zacks.com which published an article titled: “Why Intrepid Potash (IPI) Could Be Positioned for a Surge August 25, 2017” on August 25, 2017.

Intrepid Potash, Inc. is a producer of muriate of potash and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The company has market cap of $504.01 million. The Firm operates in the extraction, production and sale of potassium-related products. It currently has negative earnings. The Company’s products are potash and Trio.

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