Energy Recovery (ERII) Given News Impact Score of 0.18
Headlines about Energy Recovery (NASDAQ:ERII) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energy Recovery earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.6676023561024 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Energy Recovery (NASDAQ ERII) traded down $0.07 during mid-day trading on Friday, reaching $8.84. The company’s stock had a trading volume of 341,128 shares, compared to its average volume of 464,097. The company has a market capitalization of $473.78, a PE ratio of 126.29 and a beta of 5.74. Energy Recovery has a 12 month low of $6.13 and a 12 month high of $11.30.
Energy Recovery (NASDAQ:ERII) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The company had revenue of $15.08 million during the quarter, compared to the consensus estimate of $14.64 million. Energy Recovery had a net margin of 7.78% and a return on equity of 5.75%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share. equities analysts forecast that Energy Recovery will post 0.05 EPS for the current fiscal year.
Several equities analysts have recently commented on ERII shares. Seaport Global Securities initiated coverage on Energy Recovery in a research note on Tuesday, October 17th. They set a “buy” rating and a $17.00 target price for the company. B. Riley set a $20.00 price objective on Energy Recovery and gave the stock a “buy” rating in a research note on Thursday, November 30th. ValuEngine upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. FBR & Co restated a “buy” rating on shares of Energy Recovery in a research note on Wednesday, October 11th. Finally, BidaskClub cut Energy Recovery from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.89.
In other news, VP Andrew B. Stroud, Jr. sold 7,117 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $11.00, for a total transaction of $78,287.00. Following the transaction, the vice president now directly owns 32,398 shares of the company’s stock, valued at $356,378. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hans Peter Michelet sold 50,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $8.91, for a total value of $445,500.00. The disclosure for this sale can be found here. Insiders sold 59,117 shares of company stock worth $545,787 over the last quarter. 23.60% of the stock is currently owned by company insiders.
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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.
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