Recent Insider Trading: Intrepid Potash, Inc $IPI

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Intrepid Potash, Inc (NYSE:IPI) insider have most recently took part in a trading activity. On Dec 7, 2017 Jornayvaz Robert P Iii, Exec. Chair, President & CEO, 10% Owner bought 5,100 shares having total worth of $18,003 at the price of $3.53 per share, following the transaction a total of 19,342,172 shares owned by Jornayvaz Robert P Iii. Before this latest buy, Jornayvaz Robert P Iii purchased IPI at 6 other times during the past twelve months, for a total investment of $78.12M at an average of $2.61 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 1 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 18 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 16 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 1 20.27%
12 Month 16 2 143.84%

Shares of Intrepid Potash, Inc (NYSE:IPI) traded down 3% on Dec 6, 2017, hitting $3.56. 858,424 shares of the company’s stock traded hands. Intrepid Potash, Inc has a 52 week low of $0.97 and a 52 week high of $4.43. The company’s market cap is $82 million.

Intrepid Potash, Inc (NYSE:IPI) last announced its earnings results on Oct 30, 2017. The company reported -0.02 earnings per share (EPS) for the quarter, higher than the consensus estimate of -0.04 by $0.02. The company had revenue of $32 million for the quarter, compared to the consensus estimate of $34 million. During the same quarter in the previous year, the company posted -0.23 earnings per share. The company’s revenue for the quarter was down 27% on a year-over-year basis.

2017-10-30 2017-08-02 2017-05-02 2017-02-28 2016-11-02 2016-08-02 2016-05-09 2016-02-29 2015-10-27 2015-07-28
earnings per share -0.02 -0.03 -0.15 -0.19 -0.23 -0.17 -0.22 -0.26 -0.06 -0.08
Revenue(M) 32.06 43.91 48.33 42.19 43.64 51.84 73.28 42.82 53.69 73.65

Intrepid Potash, Inc. was incorporated in the state of Delaware on November 19, 2007, for the purpose of continuing the business of Intrepid Mining LLC. The company and its subsidiaries produce muriate of potash includes MOP, potassium chloride, or potash; langbeinite; and by-products including salt, magnesium chloride and metal recovery salts. The Company markets its langbeinite under the registered name of Trio(r). Potassium is one of the three main nutrients essential to plant formation and growth. Since 2005, the Company has supplied, on average, approximately 1.5 percent of world potassium consumption and 9.3 percent of U.S. consumption annually. It owns five active potash production facilities-three in New Mexico and two in Utah and has the nameplate capacity to produce 870,000 short tons of potash and 270,000 short tons of langbeinite annually. Production comes from two underground mines in the Carlsbad region of New Mexico; a solar evaporation solution mine near Moab, Utah; and a solar evaporation shallow brine mine in Wendover, Utah. The Company owns two development assets in New Mexico- the HB mine, which is an idled potash mine that the Company is in the process of reopening as a solution mine that would utilize solar evaporation techniques in the production of potash, and the North Mine, which was operated as a traditional underground mine until the early 1980s. The Company’s potash is marketed for sale into three main markets which are the agricultural market as a fertilizer, the industrial market as a component in drilling and fracturing fluids for oil and gas drilling, and the animal feed market as a nutrient. Its regional markets include agricultural areas, feed manufacturers and pet food producers west of the Mississippi River and oil and gas exploration areas in the Rocky Mountains and the Permian Basin. The company sells into commodity markets and compete based on delivered price, timely service and quality product. Products must maintain particle size and K2O content benchmarks to compete effectively. It competes mainly with potash producers, mainly Canadian producers and, to a lesser extent, producers located in the former Soviet Union. The Company mines and processes potash and potash-related products which subjects it to an evolving set of federal, state and local environmental, health and safety laws that regulate, or propose to regulate: product content and labeling; conduct of mining and production operations, including safety procedures followed by employees; management and handling of raw materials; air and water quality impacts from its facilities; disposal, storage and management of hazardous and solid wastes; remediation of contamination at its facilities; and post-mining land reclamation.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.