BidaskClub downgraded shares of Energy Recovery (NASDAQ:ERII) from a sell rating to a strong sell rating in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on ERII. Zacks Investment Research upgraded Energy Recovery from a hold rating to a buy rating and set a $9.50 target price for the company in a report on Tuesday. JMP Securities lowered their target price on Energy Recovery from $15.00 to $13.00 and set a market outperform rating for the company in a report on Friday, June 15th. ValuEngine downgraded Energy Recovery from a buy rating to a hold rating in a report on Monday, June 11th. TheStreet upgraded Energy Recovery from a c rating to a b- rating in a report on Tuesday, August 28th. Finally, B. Riley set a $20.00 target price on Energy Recovery and gave the stock a buy rating in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Energy Recovery presently has a consensus rating of Buy and a consensus price target of $14.70.

Shares of ERII traded up $0.02 during mid-day trading on Tuesday, reaching $7.81. 198,451 shares of the company were exchanged, compared to its average volume of 349,998. Energy Recovery has a 52 week low of $6.17 and a 52 week high of $11.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.51 and a quick ratio of 4.26. The company has a market capitalization of $479.54 million, a price-to-earnings ratio of 111.57 and a beta of 5.62.

Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. The company had revenue of $20.80 million during the quarter, compared to the consensus estimate of $16.39 million. Energy Recovery had a return on equity of 10.72% and a net margin of 46.91%. The firm’s revenue was up 90.8% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that Energy Recovery will post 0.18 EPS for the current year.

In other Energy Recovery news, VP Nocair Bensalah sold 78,244 shares of Energy Recovery stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $8.78, for a total value of $686,982.32. Following the completion of the sale, the vice president now directly owns 95,000 shares in the company, valued at $834,100. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 23.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of ERII. Aristotle Atlantic Partners LLC acquired a new stake in Energy Recovery in the second quarter valued at approximately $121,000. Aperio Group LLC acquired a new stake in Energy Recovery in the second quarter valued at approximately $132,000. SG Americas Securities LLC acquired a new stake in Energy Recovery in the first quarter valued at approximately $161,000. Fox Run Management L.L.C. acquired a new stake in Energy Recovery in the third quarter valued at approximately $167,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Energy Recovery in the second quarter valued at approximately $250,000. Institutional investors and hedge funds own 37.09% of the company’s stock.

About Energy Recovery

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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