In a report released yesterday, Joel Jackson from BMO Capital reiterated a Hold rating on Intrepid Potash (IPI – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $21.36.
Jackson covers the Basic Materials sector, focusing on stocks such as CF Holdings, Albemarle, and FMC. According to TipRanks, Jackson has an average return of 12.1% and a 57.79% success rate on recommended stocks.
Intrepid Potash has an analyst consensus of Hold, with a price target consensus of $25.00.
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Based on Intrepid Potash’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $3.98 million. In comparison, last year the company had a net profit of $31.42 million
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Intrepid Potash, Inc. engages in the production and marketing of potash and langbeinite products. It operates through Potash, oilfield solutions and Trio segments. The Potash segment sells into the following markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. The oilfield solutions segment sell water primarily for industrial use, such as in the oil and gas services industry. The Trio segment delivers potassium, sulfate, and magnesium in a single particle through its specialty fertilizer. The company was founded in January 2000 and is headquartered in Denver, CO.
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