Seaport Res Ptn Lifts Earnings Estimates for Energy Recovery

Key Points

• Seaport Res Ptn has raised its Q4 2026 EPS estimate for Energy Recovery to $0.61, indicating increased confidence in the company's financial performance.
• As of recent trading, Energy Recovery's stock has decreased by 3.0% to $14.05, and analysts have varied ratings, with an average rating of "Buy" and a target price of $18.67.
• Insider selling activity was noted, with senior vice president Rodney Clemente selling over 5,000 shares, reflecting a 5.07% decrease in ownership of the stock.

Energy Recovery, Inc. (NASDAQ:ERII - Free Report) - Equities research analysts at Seaport Res Ptn raised their Q4 2026 EPS estimates for Energy Recovery in a report issued on Wednesday, August 13th. Seaport Res Ptn analyst J. Campbell now expects that the industrial products company will earn $0.61 per share for the quarter, up from their prior forecast of $0.60. The consensus estimate for Energy Recovery's current full-year earnings is $0.36 per share.

ERII has been the topic of several other research reports. B. Riley raised their price target on shares of Energy Recovery from $12.50 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Energy Recovery from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Fearnley Fonds raised shares of Energy Recovery from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $18.67.

Energy Recovery Stock Down 3.0%

Shares of NASDAQ:ERII traded down $0.44 during midday trading on Friday, reaching $14.05. The company's stock had a trading volume of 85,839 shares, compared to its average volume of 423,844. The firm has a market capitalization of $747.51 million, a PE ratio of 33.48 and a beta of 1.03. Energy Recovery has a twelve month low of $10.86 and a twelve month high of $20.27. The stock has a fifty day moving average of $13.17 and a 200 day moving average of $14.14.

Insider Buying and Selling

In other Energy Recovery news, SVP Rodney Clemente sold 5,387 shares of Energy Recovery stock in a transaction on Monday, July 28th. The shares were sold at an average price of $13.97, for a total value of $75,256.39. Following the completion of the transaction, the senior vice president owned 100,765 shares of the company's stock, valued at $1,407,687.05. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arve Hanstveit sold 30,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $12.68, for a total transaction of $380,400.00. Following the transaction, the director directly owned 655,220 shares of the company's stock, valued at approximately $8,308,189.60. This trade represents a 4.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,387 shares of company stock valued at $710,656 in the last three months. Corporate insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On Energy Recovery

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Toledo NA OH acquired a new stake in Energy Recovery in the 2nd quarter worth approximately $37,000. FNY Investment Advisers LLC acquired a new position in shares of Energy Recovery during the second quarter worth approximately $80,000. Russell Investments Group Ltd. lifted its holdings in shares of Energy Recovery by 5,662.3% during the first quarter. Russell Investments Group Ltd. now owns 8,701 shares of the industrial products company's stock worth $138,000 after buying an additional 8,550 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Energy Recovery during the first quarter worth approximately $162,000. Finally, Juncture Wealth Strategies LLC acquired a new position in shares of Energy Recovery during the first quarter worth approximately $178,000. 83.58% of the stock is currently owned by institutional investors.

About Energy Recovery

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.

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