Energy Recovery Company Profile (NASDAQ:ERII)

About Energy Recovery (NASDAQ:ERII)

Energy Recovery logoEnergy 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. The Oil & Gas Segment consists of products sold for use in hydraulic fracturing, gas processing, and chemical processing. The Company offers energy recovery devices (ERDs) in the water desalination market with its pressure exchanger (PX) and turbocharger technologies. The Company offers VorTeq hydraulic fracturing system, IsoBoost, and IsoGen product lines to the oil and gas market. The Company's customers include engineering, procurement and construction companies, original equipment manufacturers, international oil companies, national oil companies, and exploration and production companies.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Industrial Machinery
  • Sub-Industry: Industrial Machinery
  • Symbol: NASDAQ:ERII
  • CUSIP: 29270J10
  • Web:
  • Market Cap: $441.47 million
  • Outstanding Shares: 53,576,000
Average Prices:
  • 50 Day Moving Avg: $7.53
  • 200 Day Moving Avg: $7.62
  • 52 Week Range: $6.13 - $14.48
  • Trailing P/E Ratio: 284.14
  • Foreward P/E Ratio: 29.43
  • P/E Growth: 1.09
Sales & Book Value:
  • Annual Revenue: $55.87 million
  • Price / Sales: 7.90
  • Book Value: $1.22 per share
  • Price / Book: 6.75
  • EBITDA: $3.95 million
  • Net Margins: 3.07%
  • Return on Equity: 2.43%
  • Return on Assets: 1.07%
  • Current Ratio: 7.37%
  • Quick Ratio: 6.97%
  • Average Volume: 424,915 shs.
  • Beta: 5.55
  • Short Ratio: 22.03

Frequently Asked Questions for Energy Recovery (NASDAQ:ERII)

What is Energy Recovery's stock symbol?

Energy Recovery trades on the NASDAQ under the ticker symbol "ERII."

How will Energy Recovery's stock buyback program work?

Energy Recovery declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 12th 2017, which authorizes the company to buyback $15,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

How were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.01) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.01). The firm had revenue of $12.20 million for the quarter, compared to analysts' expectations of $14.99 million. Energy Recovery had a return on equity of 2.43% and a net margin of 3.07%. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. View Energy Recovery's Earnings History.

When will Energy Recovery make its next earnings announcement?

Energy Recovery is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Energy Recovery.

Where is Energy Recovery's stock going? Where will Energy Recovery's stock price be in 2017?

7 brokers have issued 12-month price targets for Energy Recovery's shares. Their forecasts range from $12.00 to $20.00. On average, they expect Energy Recovery's stock price to reach $16.57 in the next year. View Analyst Ratings for Energy Recovery.

What are analysts saying about Energy Recovery stock?

Here are some recent quotes from research analysts about Energy Recovery stock:

  • 1. According to Zacks Investment Research, "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. " (7/10/2017)
  • 2. FBR & Co analysts commented, "Last week, we hosted President and CEO Joel Gay, CFO Chris Gannon, and Managing Director, IR and Corporate Development Brian Uhlmer in meetings with clients. We heard encouraging updates across all three of the oil & gas division's current initiatives: design finalization and construction of the Gen-II missile in time for the VorTeq system to attempt its delayed first milestone (M1) in 3Q17; introduction this year of the second PX-derivative product for the oil & gas sector; and monetization traction in the GCC Middle East for the IsoBoost/IsoGen lines. At its present level, the stock is valuing these oil & gas opportunities, in aggregate, at ~$1/share and thus proffering a very attractive risk/reward entry point, in our view. ERII's water division and net cash position are worth $4.50 and $1.83, by our estimates." (3/28/2017)
  • 3. Evercore ISI analysts commented, " A relatively new entrant to the OFS space, Energy Recovery is an energy solutions provider who leverages its expertise in fluid dynamics and advanced material sciences to arbitrage pressure energy. Through its IP-protected Pressure Exchanger (PX) technology, along with its various derivatives, Energy Recovery aims to create markets to preserve or eliminate pumps that are subject to, and destroyed by, hostile process fluids, and to convert wasted pressure energy into a reusable asset. In doing so, ERII seeks to reduce customer opex, capex, and downtime, allowing for quicker customer payback periods and significant margins and returns for ERII. While the company looks to diversify its story and investment case, investors will likely continue to focus on the VorTeq's path to commercialization, given the large potential NPV impact. According to our math, the current share price appraises a minimal likelihood of success, which we deem overly pessimistic, while acknowledging that many investors are likely willing to sacrifice initial upside and wait until M1 is achieved in 2H17 and more clarity is provided as to M2 and the commercialization timeline. We remain confident in commercialization and rate the shares Outperform with a $20 PT." (3/15/2017)

Who are some of Energy Recovery's key competitors?

Who are Energy Recovery's key executives?

Energy Recovery's management team includes the folowing people:

  • Hans Peter Michelet, Independent Chairman of the Board
  • Joel Gay, President, Chief Executive Officer, Director
  • Chris M. Gannon, Chief Financial Officer
  • Sharon Smith-Lenox CPA, Corporate Controller, Chief Accounting Officer
  • Nocair Bensalah, Vice President - Operations
  • Rodney Clemente, Vice President - Global Desalination Sales
  • Eric O. Siebert, Vice President - Corporate Strategy
  • Emily Smith, Vice President - Marketing
  • Andrew B. Stroud Jr., Vice President of Human Resources
  • William Yeung, General Counsel

How do I buy Energy Recovery stock?

Shares of Energy Recovery can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Energy Recovery's stock price today?

One share of Energy Recovery stock can currently be purchased for approximately $8.24.

MarketBeat Community Rating for Energy Recovery (NASDAQ ERII)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  136 (Vote Outperform)
Underperform Votes:  198 (Vote Underperform)
Total Votes:  334
MarketBeat's community ratings are surveys of what our community members think about Energy Recovery and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Energy Recovery (NASDAQ:ERII) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $16.57 (101.11% upside)
Consensus Price Target History for Energy Recovery (NASDAQ:ERII)
Price Target History for Energy Recovery (NASDAQ:ERII)
Analysts' Ratings History for Energy Recovery (NASDAQ:ERII)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Seaport Global SecuritiesInitiated CoverageBuy$17.00N/AView Rating Details
10/11/2017FBR & CoReiterated RatingBuyN/AView Rating Details
9/7/2017Capital One Financial Corp.Initiated CoverageOverweight$16.00LowView Rating Details
9/5/2017JMP SecuritiesInitiated CoverageMkt Outperform -> Outperform$12.00HighView Rating Details
8/9/2017Jefferies Group LLCReiterated RatingBuy$20.00 -> $17.00LowView Rating Details
3/15/2017Evercore ISIReiterated RatingOutperform$20.00MediumView Rating Details
1/11/2017StephensInitiated CoverageBuy$18.00N/AView Rating Details
9/26/2016Iberia CapitalInitiated CoverageOutperform$21.00N/AView Rating Details
1/5/2016GMP SecuritiesReiterated RatingBuy$12.00N/AView Rating Details
11/6/2015Credit Suisse GroupBoost Price Target$10.00 -> $11.00N/AView Rating Details
(Data available from 10/21/2015 forward)


Earnings History for Energy Recovery (NASDAQ:ERII)
Earnings by Quarter for Energy Recovery (NASDAQ:ERII)
Earnings History by Quarter for Energy Recovery (NASDAQ ERII)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.34N/AView Earnings Details
8/2/2017Q2 2017($0.01)($0.01)$14.99 million$12.20 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.01($0.01)$15.15 million$12.26 millionViewListenView Earnings Details
3/8/2017Q4 2016$0.03$0.06$13.15 million$17.90 millionViewListenView Earnings Details
11/2/2016Q316$0.11($0.01)$14.53 million$11.02 millionViewListenView Earnings Details
8/3/2016Q2($0.05)$0.01$10.34 million$13.20 millionViewListenView Earnings Details
11/5/2015Q3($0.01)($0.01)$9.01 million$12.10 millionViewListenView Earnings Details
8/6/2015Q2($0.09)($0.01)$9.16 million$10.50 millionViewListenView Earnings Details
5/7/2015Q115($0.04)($0.16)$9.30 million$5.90 millionViewListenView Earnings Details
3/5/2015Q414$0.04($0.09)$16.60 million$14.80 millionViewListenView Earnings Details
11/10/2014Q314($0.10)($0.11)$7.90 million$5.34 millionViewListenView Earnings Details
8/6/2014Q214($0.05)($0.09)$6.94 million$6.41 millionViewListenView Earnings Details
5/7/2014Q114($0.02)($0.07)$8.77 million$3.90 millionViewListenView Earnings Details
3/5/2014Q413$0.08$0.13$21.37 million$23.24 millionViewListenView Earnings Details
11/7/2013Q313($0.02)($0.08)$9.85 million$4.90 millionViewListenView Earnings Details
7/31/2013Q2 2013($0.06)($0.03)$7.97 million$8.57 millionViewListenView Earnings Details
5/8/2013Q1 2013($0.05)($0.09)$7.35 million$6.40 millionViewListenView Earnings Details
3/6/2013Q4 2012($0.02)($0.04)$13.69 million$15.10 millionViewListenView Earnings Details
11/7/2012Q312($0.02)($0.04)$12.21 million$10.50 millionViewN/AView Earnings Details
8/1/2012($0.06)$0.01ViewN/AView Earnings Details
5/2/2012($0.07)($0.09)ViewN/AView Earnings Details
3/8/2012($0.04)($0.19)ViewN/AView Earnings Details
11/3/2011($0.08)($0.22)ViewN/AView Earnings Details
8/4/2011($0.06)($0.06)ViewN/AView Earnings Details
5/5/2011($0.03)($0.03)ViewN/AView Earnings Details
3/3/2011$0.01ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Energy Recovery (NASDAQ:ERII)
2017 EPS Consensus Estimate: $0.47
2018 EPS Consensus Estimate: $0.36
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.01$0.01$0.01
Q2 20172$0.00$0.01$0.01
Q3 20173($0.02)$0.31$0.10
Q4 20173$0.34$0.37$0.35
Q1 20182$0.02$0.35$0.19
Q2 20182($0.03)$0.11$0.04
Q3 20182($0.03)$0.15$0.06
Q4 20182($0.04)$0.18$0.07
Q1 20191$0.01$0.01$0.01
Q2 20191$0.06$0.06$0.06
Q3 20191$0.12$0.12$0.12
(Data provided by Zacks Investment Research)


Dividend History for Energy Recovery (NASDAQ:ERII)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for Energy Recovery (NASDAQ:ERII)
Insider Ownership Percentage: 23.60%
Institutional Ownership Percentage: 33.70%
Insider Trades by Quarter for Energy Recovery (NASDAQ:ERII)
Institutional Ownership by Quarter for Energy Recovery (NASDAQ:ERII)
Insider Trades by Quarter for Energy Recovery (NASDAQ:ERII)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/14/2017Olav FjellDirectorBuy18,000$7.08$127,440.00View SEC Filing  
3/14/2017Robert Yu Lang MaoDirectorBuy20,000$7.53$150,600.00View SEC Filing  
3/14/2017William YeungGeneral CounselBuy3,298$7.58$24,998.84View SEC Filing  
11/8/2016William YeungGeneral CounselBuy4,770$10.10$48,177.00View SEC Filing  
8/15/2016Alexander J BuehlerDirectorSell500$13.01$6,505.00View SEC Filing  
8/11/2016Alexander J BuehlerDirectorSell24,500$13.05$319,725.00View SEC Filing  
8/9/2016Alexander J BuehlerDirectorSell5,000$13.00$65,000.00View SEC Filing  
6/15/2016Hans Peter MicheletDirectorSell150,000$9.14$1,371,000.00View SEC Filing  
6/6/2016Chris M GannonCFOBuy6,350$10.96$69,596.00View SEC Filing  
5/24/2016Eric SiebertVPBuy21,389$9.51$203,409.39View SEC Filing  
5/17/2016Andrew B Stroud JrVPSell2,700$11.11$29,997.00View SEC Filing  
4/20/2016Arve HanstveitDirectorSell50,000$12.59$629,500.00View SEC Filing  
3/21/2016Arve HanstveitDirectorSell27,900$10.11$282,069.00View SEC Filing  
3/11/2016Robert Yu Lang MaoDirectorBuy40,000$9.45$378,000.00View SEC Filing  
3/10/2016Alexander J BuehlerDirectorSell30,000$9.79$293,700.00View SEC Filing  
3/9/2016Arve HanstveitDirectorSell60,000$8.63$517,800.00View SEC Filing  
12/15/2015Juan OteroInsiderBuy6,715$7.04$47,273.60View SEC Filing  
11/20/2015Hans Peter MicheletDirectorSell69,700$7.00$487,900.00View SEC Filing  
11/17/2015Hans Peter MicheletDirectorSell26,400$7.32$193,248.00View SEC Filing  
11/13/2015Hans Peter MicheletDirectorSell13,600$7.74$105,264.00View SEC Filing  
3/12/2015Alexander J BuehlerDirectorBuy120,000$2.81$337,200.00View SEC Filing  
3/12/2015Ole Peter LorentzenMajor ShareholderBuy200,000$2.74$548,000.00View SEC Filing  
3/11/2015Andrew B Stroud JrVPBuy1,700$2.83$4,811.00View SEC Filing  
11/12/2014Ole Peter LorentzenMajor ShareholderBuy158,907$4.52$718,259.64View SEC Filing  
11/6/2014Ole Peter LorentzenMajor ShareholderBuy197,200$4.26$840,072.00View SEC Filing  
9/3/2014Ole Peter LorentzenMajor ShareholderBuy735,000$4.38$3,219,300.00View SEC Filing  
5/30/2014Dominique TrempontDirectorBuy21,571$5.15$111,090.65View SEC Filing  
5/27/2014Dominique TrempontDirectorBuy39,566$4.74$187,542.84View SEC Filing  
5/21/2014Robert Yu Lang MaoDirectorBuy50,000$4.57$228,500.00View SEC Filing  
5/7/2014Ole Peter Lorentzenmajor shareholderBuy1,000,000$5.21$5,210,000.00View SEC Filing  
3/26/2014Fred Olav JohannessenDirectorSell180,000$5.46$982,800.00View SEC Filing  
3/11/2014Arve HanstveitDirectorSell80,000$6.01$480,800.00View SEC Filing  
2/18/2014Ole Peter Lorentzenmajor shareholderBuy100,000$4.17$417,000.00View SEC Filing  
12/2/2013Hans Peter MicheletDirectorSell20,300$5.01$101,703.00View SEC Filing  
11/13/2013Dominique TrempontDirectorBuy64,622$4.64$299,846.08View SEC Filing  
8/30/2013Arve HanstveitDirectorBuy80,800$5.13$414,504.00View SEC Filing  
5/14/2013Dominique TrempontDirectorBuy57,143$3.50$200,000.50View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Energy Recovery (NASDAQ:ERII)
Latest Headlines for Energy Recovery (NASDAQ:ERII)
DateHeadline logoEnergy Recovery, Inc. to Post Q3 2017 Earnings of ($0.02) Per Share, Seaport Global Securities Forecasts (ERII) - October 19 at 7:54 AM logoComparing Energy Recovery (ERII) & Its Rivals - October 18 at 10:20 PM logoEnergy Recovery, Inc. (ERII) Given Consensus Rating of "Buy" by Analysts - October 18 at 9:04 PM logoHead to Head Survey: Energy Recovery (ERII) and Its Peers - October 17 at 10:26 PM logoEnergy Recovery to Host Third Quarter 2017 Financial Results Conference Call on November 2 - October 17 at 7:04 PM logoEnergy Recovery (ERII) Secures $5.8M Contract for Desalination Projects in the Middle East - - October 12 at 12:56 AM logoEnergy Recovery's (ERII) "Buy" Rating Reaffirmed at FBR & Co - October 11 at 4:38 PM logoComparing Energy Recovery (ERII) and The Competition - October 8 at 6:30 AM logoEnergy Recovery (ERII) & Its Competitors Head to Head Contrast - October 5 at 4:48 PM logoLydall (LDL) and Energy Recovery (ERII) Head to Head Review - October 3 at 4:28 AM logoExplaining The Breakout In Energy Recovery - Seeking Alpha - September 29 at 2:51 PM logoInteresting ERII Put And Call Options For May 2018 - September 27 at 6:30 PM logoEnergy Recovery, Inc. – Value Analysis (NASDAQ:ERII) : September 25, 2017 - September 25 at 11:17 AM logoEnergy Recovery, Inc. (ERII) Given Consensus Rating of "Buy" by Brokerages - September 23 at 6:54 PM logo[$$] Stocks to Play an Oil Breakout - September 22 at 5:27 PM logoEnergy Recovery, Inc. breached its 50 day moving average in a Bearish Manner : ERII-US : September 22, 2017 - September 22 at 8:26 AM logoEnergy Recovery, Inc. (ERII) Director Buys $127,440.00 in Stock - September 15 at 8:03 PM logoEnergy Recovery Awarded $1.4 million for Desalination Projects in Saudi Arabia - September 14 at 6:59 PM logoEnergy Recovery, Inc. breached its 50 day moving average in a Bearish Manner : ERII-US : September 11, 2017 - September 11 at 7:00 PM logoHead to Head Contrast: Lydall (LDL) & Energy Recovery (ERII) - September 7 at 8:28 PM logoEnergy Recovery, Inc. (ERII) Research Coverage Started at Capital One Financial Corporation - September 7 at 11:38 AM logoBloomberg Markets: Dave Wilson’s Chart of the Day for Sept. 5 - September 5 at 8:02 PM logoCritical Analysis: Standex International Corporation (SXI) and Energy Recovery (ERII) - September 4 at 4:28 AM logoEnergy Recovery, Inc. (ERII) Receives Consensus Recommendation of "Buy" from Analysts - August 29 at 6:36 PM logoEnergy Recovery, Inc. (ERII) PT Set at $16.00 by FBR & Co - August 29 at 10:16 AM logoEnergy Recovery (ERII) Says It Was Awarded $2.7M for Desalination Projects in China - August 16 at 4:17 PM logoEnergy Recovery Awarded $2.7 Million for Desalination Projects in China - August 16 at 4:17 PM logoEnergy Recovery (ERII) vs. Amtech Systems (ASYS) Critical Contrast - August 15 at 10:28 PM logoKadant (KAI) & Energy Recovery (ERII) Financial Comparison - August 14 at 4:31 PM logoEnergy Recovery (ERII) & Nordson Corporation (NDSN) Head-To-Head Analysis - August 13 at 8:10 PM logoEnergy Recovery Awarded $2.5 Million for Desalination Projects in Saudi Arabia - PR Newswire (press release) - August 12 at 5:39 PM logoEnergy Recovery Awarded $2.5 Million for Desalination Projects in Saudi Arabia - August 10 at 7:40 PM logoEnergy Recovery, Inc. (NASDAQ:ERII) Given Buy Rating at Jefferies Group LLC - August 9 at 12:18 PM logoTennant (TNC) versus Energy Recovery (ERII) Financial Contrast - August 8 at 2:28 PM logoQ3 2017 EPS Estimates for Energy Recovery, Inc. Decreased by Analyst (NASDAQ:ERII) - August 7 at 7:08 AM logoComparing Manitex International (MNTX) and Energy Recovery (NASDAQ:ERII) - August 6 at 10:30 AM logoFY2019 Earnings Estimate for Energy Recovery, Inc. Issued By Jefferies Group (NASDAQ:ERII) - August 4 at 7:40 PM logoEnergy Recovery, Inc. (NASDAQ:ERII) Given Consensus Recommendation of "Buy" by Analysts - August 4 at 6:46 PM logoEdited Transcript of ERII earnings conference call or presentation 3-Aug-17 3:00pm GMT - August 4 at 1:22 AM logoEnergy Recovery: It's Now Or Never - Seeking Alpha - August 3 at 8:22 PM logoEnergy Recovery Reports Second Quarter and Year-to-Date 2017 Results - PR Newswire (press release) - August 3 at 12:18 AM logoEnergy Recovery, Inc. (ERII) Announces Earnings Results, Meets Expectations - August 2 at 10:52 PM logoEnergy Recovery Reports Second Quarter and Year-to-Date 2017 Results - August 2 at 7:17 PM logoEnergy Recovery reports 2Q loss - August 2 at 7:17 PM logoEnergy Recovery, Inc. – Value Analysis (NASDAQ:ERII) : August 1, 2017 - August 1 at 6:58 PM logoAnalyzing Kadant (KAI) & Energy Recovery (NASDAQ:ERII) - July 24 at 9:28 AM logoReviewing Intevac (IVAC) & Energy Recovery (ERII) - July 23 at 10:20 AM logoEnergy Recovery to Host Second Quarter 2017 Financial Results Conference Call on August 3 - July 21 at 9:50 PM logoEnergy Recovery, Inc. breached its 50 day moving average in a Bearish Manner : ERII-US : July 19, 2017 - July 19 at 4:51 PM logoETFs with exposure to Energy Recovery, Inc. : July 12, 2017 - July 12 at 7:01 PM



Energy Recovery (ERII) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by Staff

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