Intrepid Potash, Inc. (NYSE:IPI) had its price target lowered by equities researchers at Susquehanna from $4.00 to $1.50 in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential downside of 16.20% from the company’s current price.

Other equities research analysts also recently issued reports about the company. RBC Capital reduced their target price on Intrepid Potash from $7.00 to $5.00 and set a “sector perform” rating for the company in a report on Wednesday, October 28th. CLSA downgraded Intrepid Potash from a “buy” rating to an “underperform” rating in a report on Wednesday, October 28th. Zacks Investment Research downgraded Intrepid Potash from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 29th. Scotiabank raised Intrepid Potash from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, January 19th. Finally, Piper Jaffray reaffirmed a “neutral” rating and set a $4.00 target price (down from $5.00) on shares of Intrepid Potash in a report on Wednesday, November 25th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $3.33.

A hedge fund recently bought a new stake in Intrepid Potash stock. Thomson Horstmann & Bryant bought a new stake in Intrepid Potash, Inc. (NYSE:IPI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 470,252 shares of the company’s stock, valued at approximately $1,387,000. Thomson Horstmann & Bryant owned approximately 0.62% of Intrepid Potash as of its most recent SEC filing.

Intrepid Potash (NYSE:IPI) opened at 1.79 on Tuesday. The firm’s market capitalization is $135.51 million. The stock has a 50 day moving average price of $2.70 and a 200 day moving average price of $5.61. Intrepid Potash has a 1-year low of $1.75 and a 1-year high of $15.09.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data on Tuesday, October 27th. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The firm earned $53.70 million during the quarter, compared to analyst estimates of $54.51 million. The company’s quarterly revenue was down 47.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. Analysts predict that Intrepid Potash will post ($0.15) EPS for the current year.

Intrepid Potash, Inc. is a producer of muriate of potash (NYSE:IPI) 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 Company’s conventional production comes from its underground West and East mines near Carlsbad, New Mexico, which services the West and HB mines.

12 Month Chart for NYSE:IPI

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