Energy Recovery (ERII) Earns Daily Coverage Optimism Score of 0.22
Press coverage about Energy Recovery (NASDAQ:ERII) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energy Recovery earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.3085932123962 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Energy Recovery, Inc. (NASDAQ:ERII) Signals Intraday Volatility – Up $0.32 – First News 24 (firstnewspaper24.com)
- Energy Recovery, Inc. (ERII) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- [$$] Stocks to Play an Oil Breakout (finance.yahoo.com)
- Energy Recovery, Inc. breached its 50 day moving average in a Bearish Manner : ERII-US : September 22, 2017 (finance.yahoo.com)
- Energy Recovery Awarded USD 1.4 million for Desalination Projects in Saudi Arabia (newkerala.com)
ERII has been the topic of a number of recent analyst reports. FBR & Co set a $16.00 price objective on shares of Energy Recovery and gave the company a “buy” rating in a research note on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price target (down from $20.00) on shares of Energy Recovery in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, JMP Securities began coverage on shares of Energy Recovery in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $16.19.
Shares of Energy Recovery (NASDAQ:ERII) traded up 4.64% during midday trading on Friday, reaching $7.22. 387,039 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $6.68 and its 200 day moving average price is $7.65. The firm has a market capitalization of $386.82 million, a P/E ratio of 248.97 and a beta of 5.54. Energy Recovery has a 52-week low of $6.13 and a 52-week high of $16.67.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Energy Recovery had a return on equity of 2.43% and a net margin of 3.07%. The business had revenue of $12.20 million for the quarter, compared to analyst estimates of $14.99 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Energy Recovery will post $0.40 EPS for the current fiscal year.
In other news, Director Olav Fjell purchased 18,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $7.08 per share, with a total value of $127,440.00. Following the completion of the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $127,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.60% of the company’s stock.
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About Energy Recovery
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. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.
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