Shares of Intrepid Potash Inc (NYSE:IPI) traded today at $85.75, eclipsing its 52-week high. Approximately 175,000 shares have changed hands today, as compared to an average 30-day volume of 341,000 shares.
Over the past year, Intrepid Potash Inc has traded in a range of $22.82 to $85.75 and is now at $85.75, 276% above that low.
Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm’s production facilities.
Based on a current price of $85.75, Intrepid Potash Inc is currently 4.3% above its average consensus analyst price target of $82.06.
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