B. Riley set a $20.00 price target on Energy Recovery (NASDAQ:ERII) in a research report report published on Monday. The firm currently has a buy rating on the industrial products company’s stock.

A number of other research firms have also weighed in on ERII. BidaskClub lowered Energy Recovery from a buy rating to a hold rating in a research note on Tuesday. Seaport Global Securities started coverage on Energy Recovery in a research note on Tuesday, October 17th. They set a buy rating and a $17.00 price objective for the company. FBR & Co reiterated a buy rating on shares of Energy Recovery in a research note on Wednesday, October 11th. Capital One Financial started coverage on Energy Recovery in a research note on Thursday, September 7th. They set an overweight rating and a $16.00 price objective for the company. Finally, JMP Securities started coverage on Energy Recovery in a research note on Tuesday, September 5th. They set an outperform rating and a $12.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $16.63.

Energy Recovery (NASDAQ ERII) opened at $9.00 on Monday. The stock has a market capitalization of $487.18, a price-to-earnings ratio of 129.86, a P/E/G ratio of 1.84 and a beta of 5.73. Energy Recovery has a 52 week low of $6.13 and a 52 week high of $11.67.

Energy Recovery (NASDAQ:ERII) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.31). The firm had revenue of $15.08 million during the quarter, compared to analysts’ expectations of $14.64 million. Energy Recovery had a return on equity of 5.75% and a net margin of 7.78%. The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. analysts forecast that Energy Recovery will post 0.33 earnings per share for the current year.

In other news, VP Andrew B. Stroud, Jr. sold 7,117 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.00, for a total transaction of $78,287.00. Following the sale, the vice president now directly owns 32,398 shares in the company, valued at approximately $356,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in shares of Energy Recovery by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,212 shares of the industrial products company’s stock valued at $989,000 after acquiring an additional 741 shares during the period. Rhumbline Advisers grew its position in shares of Energy Recovery by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 40,107 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 2,712 shares during the period. Teachers Advisors LLC grew its position in shares of Energy Recovery by 4.4% during the 2nd quarter. Teachers Advisors LLC now owns 68,641 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 2,887 shares during the period. Voya Investment Management LLC grew its position in shares of Energy Recovery by 21.0% during the 2nd quarter. Voya Investment Management LLC now owns 19,001 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 3,293 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Energy Recovery by 17.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,143 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 4,805 shares during the period. Hedge funds and other institutional investors own 33.58% of the company’s stock.

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Energy Recovery Company Profile

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.

Analyst Recommendations for Energy Recovery (NASDAQ:ERII)

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