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IPI $22.44

IPI target price
22.44
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Intrepid Potash, Inc. (NYSE: IPI), based in Denver, Colorado, is a fertilizer manufacturer. The company is the largest producer of potassium chloride, also known as muriate of potash, in the United States. It owns three mines, all in the Western U.S., near the cities of Carlsbad, New Mexico, Moab, Utah, and Wendover, Utah.

There are 3 sites approximately 30 miles (48 km) East of Carlsbad, NM. The East facility, produces sylvite and langbeinite potash, and is capable of fully processing its ore to the storage or shipment stage. The West facility (currently shut down) produces mainly traditional potash, which is shipped by truck to be processed at the North facility for final storage or shipping.

The Moab or Kane Creek potash mine (38°31′25″N 109°39′15″W / 38.52361°N 109.65417°W / 38.52361; -109.65417) is located along the right (northwest) bank of the Colorado River, about 20 miles (30 km) west of Moab, Utah, at the south end of State Route 279 and the Union Pacific Railroad. The location is known as Potash on U.S. Geological Survey (USGS) topographic maps, and is east of Dead Horse Point State Park and Canyonlands National Park. According to USGS reports, the Paradox Basin contains up to 2.0 billion tons (1.8 billion metric tonnes) of potash, with the primary mine being the one at Cane Creek.

The plant was built by the Texas Gulf Sulphur Company in the early 1960s, opening in 1963 as a conventional underground mine. Later that year, an explosion trapped 25 miners, of whom only seven were able to survive, by building a barricade to trap fresh air. In 1970, operations were changed to a system that combines solution mining and solar evaporation. River water is pumped into the mine and dissolves the potash, after which the brine solution is pumped to evaporation ponds. Intrepid bought the mine in 2000 from the Potash Corporation of Saskatchewan, which had bought Texas Gulf in 1995.

The Wendover potash mine is located about 120 miles west of Salt Lake City, Utah and has been actively used for potash production for over 65 years. Potash production from natural occurring brines at the Wendover facility dates back to World War I. During the period from 1920 to 1936, a number of unsuccessful attempts were made to commercially produce potash. By 1939, a successful commercial potash operation was achieved and continues today.

This plant siphons off brine from the nearby Bonneville Salt Flats during the winter when the bed is covered in brine. This has led to the disappearance of the flats, that is the thick salt layer that normally covers the area. This is destroying its utility as a popular race bed and surface for setting ground speed records, where long, uniform flat surfaces are required. This has led to an outcry from the fans who use it. In an effort to reverse this loss, Intrepid has voluntarily been pumping processed brine back to the flats. Activists are confident this will reverse the damage, but are wary because the replenishment is voluntary and are worried what may happen if ownership of the mine changes hands, so are working on legislation to make the brine replenishment mandatory.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-08-04 1.82 1.82
Q1 2022 2022-05-02 2.32 2.32
Q4 2021 2022-03-07 0.60 0.60
Q3 2021 2021-11-01 0.57 0.57
Q2 2021 2021-08-02 0.55 0.55
Q1 2021 2021-05-03 0.18 0.18
Q4 2020 2021-03-01 -0.05 -0.05
Q3 2020 2020-11-02 -0.78 -0.78
Q2 2020 2020-08-03 -0.70 -0.70

Ratings

2016-06-16 Reiterated Rating Morgan Stanley Sell $1.00
2016-05-10 Upgrade Credit Agricole Underperform to Outperform
2016-05-10 Upgrade Credit Agricole SA Underperform to Outperform
2016-04-14 Downgrade Cowen and Company Market Perform to Underperform
2016-03-01 Reiterated Rating Piper Jaffray Neutral $2.50 to $1.00
2016-03-01 Reiterated Rating Piper Jaffray Cos. Neutral $2.50 to $1.00
2016-01-28 Reiterated Rating Susquehanna Hold
2016-01-26 Lower Price Target Susquehanna Neutral $4.00 to $1.50
2016-01-19 Upgrade Howard Weil Underperform to Sector Perform
2016-01-19 Upgrade Societe Generale Sector Perform
2016-01-19 Upgrade Scotiabank Sector Underperform to Sector Perform
2016-01-15 Lower Price Target Goldman Sachs $4.00 to $2.00
2016-01-15 Lower Price Target Goldman Sachs Group Inc. $4.00 to $2.00
2016-01-05 Reiterated Rating Scotiabank Underperform $3.50
2015-11-25 Reiterated Rating Piper Jaffray Neutral $5.00 to $4.00
2015-11-24 Downgrade Vertical Research Buy to Hold
2015-11-24 Lower Price Target Cowen and Company Market Perform $7.00 to $4.00
2015-11-02 Lower Price Target Susquehanna Neutral $6.00 to $4.00
2015-10-28 Lower Price Target Scotiabank $5.00 to $3.50
2015-10-28 Lower Price Target RBC Capital Sector Perform $7.00 to $5.00
2015-10-28 Downgrade Credit Agricole Buy to Underperform
2015-10-28 Downgrade CLSA Buy to Underperform
2015-10-28 Lower Price Target Royal Bank Of Canada Sector Perform $7.00 to $5.00
2015-10-21 Lower Price Target Susquehanna $9.00 to $6.00
2015-10-21 Lower Price Target RBC Capital Sector Perform $10.00 to $7.00
2015-10-19 Downgrade Scotiabank Sector Perform to Underperform $10.50 to $5.00
2015-10-14 Upgrade Cowen and Company Underperform to Market Perform $10.00 to $7.00
2015-10-02 Reiterated Rating Piper Jaffray Hold $9.00 to $5.00
2015-07-29 Lower Price Target Susquehanna Neutral $12.00 to $9.00
2015-07-29 Lower Price Target Scotiabank $13.00 to $10.50
2015-07-22 Lower Price Target Susquehanna Neutral $14.00 to $12.00
2015-04-29 Lower Price Target RBC Capital Sector Perform $16.00 to $14.00
2015-04-07 Downgrade Piper Jaffray Overweight to Neutral $17.00 to $13.00
2014-10-31 Upgrade BMO Capital Markets Underperform to Market Perform $14.00 to $13.00
2014-10-07 Upgrade Susquehanna Negative to Neutral
2014-08-13 Downgrade BGC Financial Hold to Sell $13.00
2014-08-01 Boost Price Target RBC Capital $15.00 to $16.00
2014-08-01 Upgrade Credit Agricole Underperform to Outperform
2014-07-31 Upgrade Scotiabank Underperform to Sector Perform $12.00 to $13.50
2014-06-17 Initiated Coverage Piper Jaffray Overweight $21.00
2014-05-02 Boost Price Target Susquehanna $13.00 to $14.00
2014-02-17 Upgrade Susquehanna Negative to Neutral $10.00 to $13.00
2013-12-31 Reiterated Rating Wunderlich Buy $22.00
2013-12-17 Initiated Coverage Macquarie Neutral
2013-12-04 Initiated Coverage RBC Capital Underperform to Sector Perform $16.00
2013-11-04 Lower Price Target Barclays Underweight $12.00 to $9.00
2013-11-01 Downgrade BGC Financial Buy to Hold
2013-10-04 Downgrade Morgan Stanley Equal Weight to Underweight
2013-09-26 Downgrade BMO Capital Markets Market Perform to Underperform $11.00
2013-04-18 Reiterated BMO Capital Markets Market Perform $20 to $19
2013-02-19 Downgrade Dahlman Rose Hold to Sell $16
2012-09-11 Initiated Wunderlich Buy $26.50
2010-08-13 Downgrade Dahlman Rose Hold to Sell $18
2016-06-16 Reiterated Rating Morgan Stanley Sell $1.00
2016-05-10 Upgrade Credit Agricole Underperform to Outperform
2016-05-10 Upgrade Credit Agricole SA Underperform to Outperform
2016-04-14 Downgrade Cowen and Company Market Perform to Underperform
2016-03-01 Reiterated Rating Piper Jaffray Neutral $2.50 to $1.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Jornayvaz Robert P III Exec. Chairman of Board 23.88%  (18170735) IPI /
Clearway Capital Management Ltd. 21.03%  (15999885) IPI /
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 19.15%  (14573662) IPI / KW / OSTK / USG / XCO /
WHYTE JAMES N Executive VP - HR & Risk Mngmt 0.43%  (329956) AMZG / IPI /
HARVEY HUGH E JR 0.27%  (205909) IPI /
WHITHAM BARTH E 0.27%  (202140) IPI /
Frantz Brian D VP, Controller and CAO 0.26%  (198665) IPI /
MARTIN J LANDIS 0.24%  (184496) AIV / CCI / HAL / IPI /
Elliott Chris A. 0.24%  (184305) IPI /
McCandless Margaret VP and General Counsel 0.24%  (182044) IPI /
CONSIDINE TERRY 0.21%  (163254) AIV / IPI /
Blair Jeffrey VP of Sales & Marketing 0.21%  (160454) ANDE / IPI /
HONEYFIELD DAVID W President & CFO 0.17%  (127723) IPI / PDCE /
McDonald Mark A VP of Sales and Marketing 0.11%  (86573) IPI /
Montoya Joseph G VP & Chief Accounting Officer 0.09%  (71813) IPI /
LITT MARTIN D Executive VP & General Counsel 0.07%  (54117) IPI /
Mansanti John G Vice President of Operations 0.06%  (48483) IPI /
Feist Kelvin G Senior V.P. Marketing & Sales 0.05%  (41606) IPI /
MOORE R L Senior VP-Mrktg and Sales 0.02%  (17244) IPI /