Brokerages Set Energy Recovery, Inc. (ERII) Target Price at $14.25

Energy Recovery, Inc. (NASDAQ:ERII) has been assigned an average rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.25.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Energy Recovery from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. ValuEngine lowered shares of Energy Recovery from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, TheStreet upgraded shares of Energy Recovery from a “c” rating to a “b-” rating in a research report on Tuesday, August 28th.

In other Energy Recovery news, Director Arve Hanstveit sold 45,708 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $9.15, for a total value of $418,228.20. Following the completion of the sale, the director now owns 1,113,945 shares of the company’s stock, valued at $10,192,596.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Nocair Bensalah sold 31,404 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $8.77, for a total value of $275,413.08. Following the completion of the sale, the vice president now directly owns 95,000 shares of the company’s stock, valued at approximately $833,150. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,356 shares of company stock worth $1,380,624. 23.80% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new stake in Energy Recovery in the third quarter valued at $115,000. Aristotle Atlantic Partners LLC acquired a new stake in Energy Recovery in the second quarter valued at $121,000. Aperio Group LLC acquired a new stake in Energy Recovery in the second quarter valued at $132,000. Alambic Investment Management L.P. acquired a new stake in Energy Recovery in the third quarter valued at $166,000. Finally, Fox Run Management L.L.C. acquired a new stake in Energy Recovery in the third quarter valued at $167,000. 36.33% of the stock is owned by institutional investors.

NASDAQ:ERII opened at $7.89 on Thursday. Energy Recovery has a 1-year low of $6.17 and a 1-year high of $11.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.99 and a current ratio of 4.22. The firm has a market capitalization of $424.97 million, a P/E ratio of 35.86 and a beta of 5.54.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings data on Friday, November 2nd. The industrial products company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Energy Recovery had a net margin of 48.60% and a return on equity of 12.63%. The firm had revenue of $22.20 million for the quarter, compared to analyst estimates of $20.63 million. During the same period last year, the firm posted $0.03 EPS. Energy Recovery’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts forecast that Energy Recovery will post 0.19 earnings per share for the current fiscal year.

Energy Recovery Company Profile

Energy Recovery, Inc provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names worldwide. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for low and high-pressure reverse osmosis systems.

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