Energy Recovery Inc. (NASDAQ:ERII) shares traded up 2% on Friday . The company traded as high as $13.01 and last traded at $12.78, with a volume of 204,558 shares trading hands. The stock had previously closed at $12.53.

A number of research analysts have recently weighed in on the company. FBR & Co lifted their price objective on Energy Recovery from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Zacks Investment Research raised Energy Recovery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $11.40.

The firm’s market cap is $665.25 million. The stock’s 50 day moving average is $10.82 and its 200 day moving average is $9.86.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The firm earned $13.20 million during the quarter, compared to analyst estimates of $10.34 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts forecast that Energy Recovery Inc. will post $0.74 earnings per share for the current fiscal year.

In other news, Director Hans Peter Michelet sold 150,000 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $9.14, for a total value of $1,371,000.00. Following the transaction, the director now directly owns 225,000 shares of the company’s stock, valued at $2,056,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Chris M. Gannon acquired 6,350 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was purchased at an average cost of $10.96 per share, for a total transaction of $69,596.00. Following the completion of the acquisition, the chief financial officer now directly owns 32,435 shares of the company’s stock, valued at approximately $355,487.60. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Energy Recovery stock. KBC Group NV boosted its position in shares of Energy Recovery Inc. (NASDAQ:ERII) by 83.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,665 shares of the company’s stock after buying an additional 120,795 shares during the period. KBC Group NV owned approximately 0.48% of Energy Recovery worth $1,878,000 at the end of the most recent reporting period.

Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. It operates through two segments: Water, and Oil & Gas. Its Water Segment focuses on products sold for use in reverse osmosis water desalination.

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