Intrepid Potash, Inc $IPI Stock Position Raised by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC increased its stake in Intrepid Potash, Inc (NYSE:IPI) by 21.8% during the first quarter, HoldingsChannel.com reports. The fund owned 267,097 shares of the basic materials company’s stock after buying an additional 47,781 shares during the period. Goehring & Rozencwajg Associates LLC’s holdings in Intrepid Potash were worth $11,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IPI. Gate City Capital Management LLC boosted its position in shares of Intrepid Potash by 338.6% in the 4th quarter. Gate City Capital Management LLC now owns 914,026 shares of the basic materials company’s stock valued at $25,346,000 after purchasing an additional 705,638 shares during the period. Vanguard Group Inc. increased its stake in Intrepid Potash by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 726,027 shares of the basic materials company’s stock worth $22,202,000 after purchasing an additional 81,121 shares in the last quarter. Azarias Capital Management L.P. raised its holdings in Intrepid Potash by 13.5% during the 4th quarter. Azarias Capital Management L.P. now owns 294,870 shares of the basic materials company’s stock worth $8,177,000 after buying an additional 35,082 shares during the period. Renaissance Technologies LLC raised its holdings in Intrepid Potash by 68.0% during the 4th quarter. Renaissance Technologies LLC now owns 167,092 shares of the basic materials company’s stock worth $4,633,000 after buying an additional 67,621 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in Intrepid Potash by 7.5% during the third quarter. Bridgeway Capital Management LLC now owns 120,517 shares of the basic materials company’s stock valued at $3,685,000 after buying an additional 8,432 shares in the last quarter. 56.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group raised their target price on shares of Intrepid Potash from $25.00 to $26.00 and gave the stock a “sell” rating in a report on Thursday, May 14th. Zacks Research lowered shares of Intrepid Potash from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Intrepid Potash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average target price of $26.00.

Intrepid Potash Trading Down 2.2%

Shares of IPI stock opened at $34.94 on Thursday. The company has a market capitalization of $469.30 million, a price-to-earnings ratio of 32.96 and a beta of 1.24. Intrepid Potash, Inc has a 1-year low of $22.55 and a 1-year high of $50.34. The stock’s fifty day simple moving average is $36.87 and its 200-day simple moving average is $36.45.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.14. Intrepid Potash had a return on equity of 4.53% and a net margin of 4.68%.The firm had revenue of $98.69 million during the quarter, compared to the consensus estimate of $88.30 million. On average, sell-side analysts predict that Intrepid Potash, Inc will post 1.62 EPS for the current year.

Insider Buying and Selling at Intrepid Potash

In other news, Director Lori A. Lancaster sold 4,800 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $45.24, for a total value of $217,152.00. Following the completion of the sale, the director directly owned 10,540 shares of the company’s stock, valued at $476,829.60. This represents a 31.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

About Intrepid Potash

Intrepid Potash, Inc is a leading U.S.-based producer and marketer of potash and related specialty fertilizer products. The company’s primary business centers on potassium chloride, a key nutrient used in agricultural applications to enhance crop yield and quality. In addition to potash, Intrepid Potash produces magnesium chloride and sodium chloride, which serve a variety of markets including de-icing, dust control and industrial chemical production.

Intrepid Potash operates through a combination of solution mining, solar evaporation and conventional underground mining techniques.