Analysts’ Weekly Ratings Updates for Energy Recovery (ERII)

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Several analysts have recently updated their ratings and price targets for Energy Recovery (NASDAQ: ERII):

  • 1/7/2019 – Energy Recovery was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/2/2019 – Energy Recovery was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/28/2018 – Energy Recovery was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 12/28/2018 – Energy Recovery had its “buy” rating reaffirmed by analysts at B. Riley.
  • 12/12/2018 – Energy Recovery was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Based in San Leandro, California, ENERGY RECOVERY, INC. is a leading global developer and manufacturer of highly efficient energy recovery devices utilized in the water desalination industry. Energy Recovery, Inc. operates primarily in the sea water reverse osmosis segment of the desalination industry.ERI manufactures ultra-high efficiency recovery products and technology, specifically the ERI PX Pressure Exchanger, that are among the enabling technologies driving the rapid growth in seawater reverse osmosis desalination, and are helping to make desalination affordable worldwide. “
  • 12/7/2018 – Energy Recovery was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating.
  • 12/1/2018 – Energy Recovery was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of ERII stock traded down $0.16 during mid-day trading on Thursday, reaching $7.40. The company’s stock had a trading volume of 3,840 shares, compared to its average volume of 179,033. Energy Recovery, Inc. has a 1-year low of $6.17 and a 1-year high of $10.25. The stock has a market cap of $389.96 million, a price-to-earnings ratio of 105.71 and a beta of 5.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.99 and a current ratio of 4.22.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Friday, November 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Energy Recovery had a net margin of 48.60% and a return on equity of 12.63%. The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $20.63 million. During the same quarter in the prior year, the company posted $0.03 EPS. The business’s revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts predict that Energy Recovery, Inc. will post 0.18 earnings per share for the current year.

In other news, Director Arve Hanstveit sold 45,708 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $9.15, for a total value of $418,228.20. Following the completion of the transaction, the director now owns 1,113,945 shares in the company, valued at approximately $10,192,596.75. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Trexquant Investment LP acquired a new stake in shares of Energy Recovery during the 3rd quarter worth about $115,000. Aristotle Atlantic Partners LLC acquired a new stake in shares of Energy Recovery during the 2nd quarter worth about $121,000. Alambic Investment Management L.P. acquired a new stake in shares of Energy Recovery during the 3rd quarter worth about $166,000. Fox Run Management L.L.C. acquired a new stake in shares of Energy Recovery during the 3rd quarter worth about $167,000. Finally, MetLife Investment Advisors LLC increased its position in shares of Energy Recovery by 39.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 25,079 shares of the industrial products company’s stock worth $224,000 after purchasing an additional 7,083 shares in the last quarter. Institutional investors own 33.82% of the company’s stock.

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.

Further Reading: How Investors Use a Balance Sheet

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