News articles about Energy Recovery (NASDAQ:ERII) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Energy Recovery earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 47.6868376803471 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of brokerages recently issued reports on ERII. BidaskClub downgraded Energy Recovery from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet raised Energy Recovery from a “c” rating to a “b-” rating in a report on Tuesday, August 28th. B. Riley set a $20.00 target price on Energy Recovery and gave the company a “buy” rating in a report on Monday, August 6th. ValuEngine downgraded Energy Recovery from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Finally, JMP Securities reduced their target price on Energy Recovery from $15.00 to $13.00 and set a “market outperform” rating on the stock in a report on Friday, June 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.80.

Shares of ERII opened at $9.10 on Monday. Energy Recovery has a 52 week low of $6.17 and a 52 week high of $11.30. The firm has a market capitalization of $485.43 million, a PE ratio of 130.00 and a beta of 5.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.51 and a quick ratio of 4.26.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. Energy Recovery had a return on equity of 10.72% and a net margin of 46.91%. The company had revenue of $20.80 million during the quarter, compared to analysts’ expectations of $16.39 million. During the same period in the prior year, the company earned ($0.01) EPS. Energy Recovery’s revenue was up 90.8% compared to the same quarter last year. analysts expect that Energy Recovery will post 0.23 EPS for the current year.

In other news, Director Hans Peter Michelet sold 101,990 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $8.12, for a total value of $828,158.80. Following the completion of the transaction, the director now directly owns 36,152 shares in the company, valued at approximately $293,554.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.

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.

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