Intrepid Potash, Inc found using ticker (IPI) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The target price ranges between 34 and 25 and has a mean target at 29.5. Given that the stocks previous close was at 42.33 this indicates there is a potential downside of -30.3%. There is a 50 day moving average of 42.67 and the 200 moving average now moves to 34.96. The market cap for the company is $549m. You can visit the company’s website by visiting: https://www.intrepidpotash.com
The potential market cap would be $383m based on the market concensus.
Intrepid Potash produces and sells potash and langbeinite products in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market. The Trio segment provides Trio, a specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. The Oilfield Solutions segment sells water for use in the oil and gas services industry; and offers potassium chloride real-time mixing services on location for hydraulic fracturing operations and trucking services. The company offers salt for use in animal feeds, industrial applications, pool salts, and treatment of roads and walkways; magnesium chloride for use in the deicing and dedusting of roads; brines for well development and completion activities in the oil and gas industry; and metal recovery salt, a combination of potash and salt to enhance the recovery of aluminum in the aluminum recycling processing facilities. Intrepid Potash was founded in 2000 and is based in Denver, Colorado.
