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: Pollution & Treatment Controls
  • Sub-Industry: Industrial Machinery
  • Symbol: NASDAQ:ERII
  • CUSIP: 29270J10
  • Web:
  • Market Cap: $431.88 million
  • Outstanding Shares: 53,985,000
Average Prices:
  • 50 Day Moving Avg: $8.07
  • 200 Day Moving Avg: $9.42
  • 52 Week Range: $7.11 - $16.67
  • Trailing P/E Ratio: 170.21
  • Foreward P/E Ratio: 34.78
  • P/E Growth: 0.59
Sales & Book Value:
  • Annual Revenue: $56.93 million
  • Price / Sales: 7.59
  • Book Value: $1.27 per share
  • Price / Book: 6.30
  • EBIDTA: $5.11 million
  • Net Margins: -3.60%
  • Return on Equity: 3.64%
  • Return on Assets: 1.51%
  • Current Ratio: 7.51%
  • Quick Ratio: 7.13%
  • Average Volume: 539,167 shs.
  • Beta: 4.86
  • Short Ratio: 7.34

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 announced that its Board of Directors has approved a stock buyback program on Wednesday, April 12th 2017, which permits the company to buyback $15,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign 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) released its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.02. The firm earned $12.26 million during the quarter, compared to the consensus estimate of $15.15 million. Energy Recovery had a negative net margin of 3.60% and a positive return on equity of 3.64%. 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 Tuesday, August, 1st 2017. View Earnings Estimates for Energy Recovery.

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

5 equities research analysts have issued 12 month price targets for Energy Recovery's shares. Their forecasts range from $16.00 to $21.00. On average, they anticipate Energy Recovery's stock price to reach $19.00 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. " (5/8/2017)
  • 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 owns Energy Recovery stock?

Energy Recovery's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.68%), Wells Fargo & Company MN (2.73%), Sandia Holdings LLC (1.27%), Ameriprise Financial Inc. (0.90%), Principal Financial Group Inc. (0.86%) and Renaissance Technologies LLC (0.82%). Company insiders that own Energy Recovery stock include Alexander J Buehler, Andrew B Stroud Jr, Arve Hanstveit, Chris M Gannon, Eric Siebert, Hans Peter Michelet, Juan Otero, Robert Yu Lang Mao and William Yeung. View Institutional Ownership Trends for Energy Recovery.

Who sold Energy Recovery stock? Who is selling Energy Recovery stock?

Energy Recovery's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Wells Fargo & Company MN, Principal Financial Group Inc., Old Mutual Global Investors UK Ltd., Ameriprise Financial Inc., Vanguard Group Inc., AQR Capital Management LLC and Wellington Management Group LLP. Company insiders that have sold Energy Recovery stock in the last year include Alexander J Buehler and Hans Peter Michelet. View Insider Buying and Selling for Energy Recovery.

Who bought Energy Recovery stock? Who is buying Energy Recovery stock?

Energy Recovery's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Goldman Sachs Group Inc., Arosa Capital Management LP, Sandia Holdings LLC, JPMorgan Chase & Co., Virginia Retirement Systems ET AL, Menta Capital LLC and SG Americas Securities LLC. Company insiders that have bought Energy Recovery stock in the last two years include Chris M Gannon, Eric Siebert, Juan Otero, Robert Yu Lang Mao and William Yeung. View Insider Buying and Selling for Energy Recovery.

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.

How much does a share of Energy Recovery stock cost?

One share of Energy Recovery stock can currently be purchased for approximately $8.00.

Analyst Ratings

Consensus Ratings for Energy Recovery (NASDAQ:ERII) (?)
Ratings Breakdown: 5 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $19.00 (137.50% upside)

Analysts' Ratings History for Energy Recovery (NASDAQ:ERII)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/28/2017FBR & CoReiterated RatingOutperform$16.00LowView Rating Details
3/15/2017Evercore ISIReiterated RatingOutperform$20.00MediumView Rating Details
3/11/2017Jefferies Group LLCReiterated RatingBuy$20.00N/AView 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 Group AGBoost Price Target$10.00 -> $11.00N/AView Rating Details
8/10/2015Ardour CapitalUpgradeHold -> Accumulate$3.50N/AView Rating Details
8/7/2015WedbushReiterated RatingSell$2.00N/AView Rating Details
(Data available from 5/27/2015 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
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: $0.72
2018 EPS Consensus Estimate: $0.46
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.01$0.01$0.01
Q2 20172$0.00$0.01$0.01
Q3 20172$0.31$0.37$0.34
Q4 20172$0.34$0.38$0.36
Q1 20181$0.02$0.02$0.02
Q2 20181$0.11$0.11$0.11
Q3 20181$0.15$0.15$0.15
Q4 20181$0.18$0.18$0.18
(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: 26.70%
Institutional Ownership Percentage: 31.88%
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
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. breached its 50 day moving average in a Bullish Manner : ERII-US : May 24, 2017 - May 24 at 12:17 PM logoEnergy Recovery, Inc. (ERII) Given Consensus Recommendation of "Buy" by Brokerages - May 19 at 8:02 PM logoQ2 2017 Earnings Estimate for Energy Recovery, Inc. (ERII) Issued By Jefferies Group - May 11 at 8:48 AM logoFBR & Co Comments on Energy Recovery, Inc.'s Q2 2017 Earnings (ERII) - May 10 at 8:30 AM logoEnergy Recovery, Inc. (ERII) Expected to Post Q4 2017 Earnings of $0.34 Per Share - May 9 at 9:54 AM logoZacks Investment Research Downgrades Energy Recovery, Inc. (ERII) to Hold - May 8 at 10:52 PM logoEdited Transcript of ERII earnings conference call or presentation 4-May-17 3:00pm GMT - May 6 at 5:09 PM logoEnergy Recovery Reports First Quarter 2017 Financial Results - PR Newswire (press release) - May 5 at 5:15 PM logoInvestor Network: Energy Recovery, Inc. to Host Earnings Call - May 4 at 11:55 AM logoEnergy Recovery reports 1Q loss - May 3 at 5:26 PM logoEnergy Recovery Reports First Quarter 2017 Financial Results - Yahoo Finance - May 3 at 4:53 PM logoEnergy Recovery Reports First Quarter 2017 Financial Results - May 3 at 4:53 PM logoEnergy Recovery Announces Launch of MTeq™ for Mud Pumping and Agreement with Sidewinder Drilling LLC as ... - PR Newswire (press release) - May 3 at 8:08 AM logoEnergy Recovery (ERII) Earning Somewhat Positive Press Coverage, Analysis Shows - May 3 at 1:05 AM logoEnergy Recovery Announces Launch of MTeq™ for Mud Pumping and Agreement with Sidewinder Drilling LLC as Maiden Early-Stage Partner - May 2 at 8:02 PM logoEnergy Recovery, Inc. (ERII) Upgraded to Buy by Zacks Investment Research - May 1 at 9:30 PM logoEnergy Recovery (ERII) Earning Somewhat Negative News Coverage, Report Finds - April 29 at 10:56 AM logoEnergy Recovery, Inc. (ERII) Downgraded by Zacks Investment Research to "Hold" - April 29 at 1:03 AM logoETFs with exposure to Energy Recovery, Inc. : April 27, 2017 - April 27 at 5:35 PM logoEnergy Recovery, Inc. – Value Analysis (NASDAQ:ERII) : April 27, 2017 - April 27 at 5:35 PM logoEnergy Recovery, Inc. breached its 50 day moving average in a Bullish Manner : ERII-US : April 26, 2017 - April 26 at 10:40 PM logoEnergy Recovery (ERII) Receives News Impact Score of 0.05 - April 25 at 8:28 PM logoEnergy Recovery, Inc. (ERII) Receives Average Rating of "Buy" from Analysts - April 24 at 8:02 PM logoEnergy Recovery Awarded $3 Million for Desalination Retrofit Projects in Europe - Yahoo Finance - April 24 at 8:30 AM logoEnergy Recovery (ERII) Announce $3M Contract for Desalination Retrofit Projects in Europe - - April 24 at 8:30 AM logoEnergy Recovery Awarded $3 Million for Desalination Retrofit Projects in Europe - April 24 at 8:30 AM logoEnergy Recovery to Host First Quarter 2017 Financial Results Conference Call on May 4 - April 24 at 8:30 AM logoSomewhat Positive News Coverage Likely to Affect Energy Recovery (ERII) Stock Price - April 20 at 9:47 PM logoEnergy Recovery (ERII) Earns Daily Media Sentiment Rating of -0.01 - April 17 at 9:51 PM logoEnergy Recovery (ERII) Receives Daily Coverage Optimism Rating of 0.10 - April 14 at 1:25 PM logoEnergy Recovery (ERII) Board of Directors Declares Stock Repurchase Program - April 12 at 8:52 AM logoEnergy Recovery Signs Licensing Agreement with Alderley for Centrifugal Products in the GCC - April 7 at 9:40 AM logoEnergy Recovery Announces Share Repurchase Program - March 30 at 5:29 PM logoEnergy Recovery Selects Kemper as Design Partner for Second Generation VorTeq™ Missile - March 28 at 11:56 AM logoEnergy Recovery, Inc. (ERII) Earns "Buy" Rating from FBR & Co - March 24 at 11:50 AM logoQ1 2017 EPS Estimates for Energy Recovery, Inc. Lowered by FBR & Co (ERII) - March 23 at 9:47 AM logoENERGY RECOVERY, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits - March 22 at 5:12 PM logoEnergy Recovery, Inc. (ERII) to Post Q1 2018 Earnings of $0.08 Per Share, FBR & Co Forecasts - March 22 at 10:47 AM logoClearsign Combustion: Ripe For A Revaluation - March 21 at 5:15 PM logoEnergy Recovery's (ERII) "Outperform" Rating Reaffirmed at Evercore ISI - March 21 at 11:10 AM logoEnergy Recovery's (ERII) "Buy" Rating Reiterated at FBR & Co - March 20 at 4:57 PM logoENERGY RECOVERY, INC. Financials - March 16 at 6:23 PM logoFBR & Co Reiterates Buy Rating for Energy Recovery, Inc. (ERII) - March 12 at 9:27 PM logoENERGY RECOVERY, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh - March 10 at 11:26 AM logoEnergy Recovery Inc Earnings Call scheduled for 11:00 am ET today - March 9 at 5:33 PM logo4:54 pm Energy Recovery beats by $0.02, beats on revs - March 8 at 10:53 PM logoQ4 2016 Energy Recovery Inc Earnings Release - After Market Close - March 8 at 5:51 PM logoEnergy Recovery Reports Record Fiscal Year End 2016 Financial Results - March 8 at 5:51 PM logoEnergy Recovery to Host Fourth Quarter and Fiscal Year 2016 Financial Results Conference Call on March 9, 2017 - February 23 at 10:03 PM logoEnergy Recovery Awarded $2.36 Million for Desalination Projects in India - PR Newswire (press release) - February 22 at 8:33 AM



Energy Recovery (ERII) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff