Energy Recovery, Inc. (NASDAQ:ERII) Receives Consensus Rating of “Moderate Buy” from Analysts

Energy Recovery, Inc. (NASDAQ:ERII) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.00.

ERII has been the subject of a number of research analyst reports. B. Riley Financial reissued a “neutral” rating on shares of Energy Recovery in a research report on Thursday, November 6th. Loop Capital set a $13.00 price objective on shares of Energy Recovery in a research report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Finally, Northcoast Research began coverage on shares of Energy Recovery in a research report on Friday. They set a “buy” rating and a $14.00 target price on the stock.

Energy Recovery Stock Up 0.1%

Energy Recovery stock opened at $10.73 on Friday. Energy Recovery has a 52-week low of $9.59 and a 52-week high of $18.32. The firm has a market cap of $566.87 million, a PE ratio of 24.95 and a beta of 1.10. The company’s 50 day moving average is $14.26 and its two-hundred day moving average is $14.76.

Energy Recovery (NASDAQ:ERII) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The firm had revenue of $66.59 million during the quarter, compared to analyst estimates of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. On average, equities research analysts anticipate that Energy Recovery will post 0.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider William Yeung sold 7,271 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total value of $105,793.05. Following the sale, the insider owned 90,098 shares of the company’s stock, valued at approximately $1,310,925.90. This represents a 7.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 10,260 shares of company stock worth $149,663. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wexford Capital LP purchased a new position in shares of Energy Recovery during the 3rd quarter worth about $27,000. Hantz Financial Services Inc. increased its position in Energy Recovery by 2,581.9% during the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,859 shares during the last quarter. Parallel Advisors LLC acquired a new position in Energy Recovery during the fourth quarter worth approximately $38,000. State of Alaska Department of Revenue purchased a new position in Energy Recovery during the third quarter worth approximately $46,000. Finally, Comerica Bank boosted its holdings in shares of Energy Recovery by 150.5% in the 4th quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 2,324 shares during the last quarter. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.