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Energy Recovery Stock Price, Forecast & Analysis (NASDAQ:ERII)

$8.85
-0.26 (-2.85 %)
(As of 11/13/2019 04:00 PM ET)
Today's Range
$8.83
Now: $8.85
$9.14
50-Day Range
$8.88
MA: $9.42
$10.06
52-Week Range
$6.17
Now: $8.85
$12.04
Volume249,600 shs
Average Volume215,701 shs
Market Capitalization$487.78 million
P/E Ratio44.25
Dividend YieldN/A
Beta4.25
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. 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 small- to medium-sized desalination plants. Read More…

Industry, Sector and Symbol

Industry Special industry machinery, not elsewhere classified
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Current SymbolNASDAQ:ERII
CUSIP29270J10
Phone510-483-7370

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$74.51 million
Cash Flow$0.26 per share
Book Value$2.11 per share

Profitability

Net Income$22.09 million

Miscellaneous

Employees143
Market Cap$487.78 million
Next Earnings Date3/5/2020 (Estimated)
OptionableOptionable

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Energy Recovery (NASDAQ:ERII) Frequently Asked Questions

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 has authorized a share buyback plan on Friday, March 9th 2018, which authorizes the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

How were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) announced its earnings results on Thursday, October, 31st. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. The industrial products company earned $24.90 million during the quarter, compared to analysts' expectations of $22.01 million. Energy Recovery had a net margin of 18.65% and a return on equity of 9.95%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. View Energy Recovery's Earnings History.

When is Energy Recovery's next earnings date?

Energy Recovery is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Energy Recovery.

What price target have analysts set for ERII?

5 brokerages have issued 12-month target prices for Energy Recovery's stock. Their forecasts range from $12.00 to $18.00. On average, they anticipate Energy Recovery's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 69.5% from the stock's current price. View Analyst Price Targets for Energy Recovery.

What is the consensus analysts' recommendation for Energy Recovery?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Energy Recovery.

What are Wall Street 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. " (11/8/2019)
  • 2. Evercore ISI analysts commented, "We are decreasing our 2019 and 2020 EBITDA estimates to $11.4 million and $39.8 million from $17.9 million and $45.5 million respectively to reflect higher opex expenses than we were previously modeling due to the manufacturing expansion. Recovery, Inc." (8/8/2019)

Has Energy Recovery been receiving favorable news coverage?

Media coverage about ERII stock has trended very negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Energy Recovery earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Energy Recovery.

Are investors shorting Energy Recovery?

Energy Recovery saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,450,000 shares, a decrease of 7.5% from the September 30th total of 4,810,000 shares. Based on an average daily trading volume, of 237,600 shares, the days-to-cover ratio is currently 18.7 days. Currently, 11.8% of the company's stock are short sold. View Energy Recovery's Current Options Chain.

Who are some of Energy Recovery's key competitors?

What other stocks do shareholders of Energy Recovery own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Recovery investors own include Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), NVIDIA (NVDA), FireEye (FEYE), Innovative Industrial Properties (IIPR), Novavax (NVAX), Inovio Pharmaceuticals (INO), Callon Petroleum (CPE) and Baidu (BIDU).

Who are Energy Recovery's key executives?

Energy Recovery's management team includes the folowing people:
  • Mr. Chris M. Gannon, Pres, CEO & Director (Age 47)
  • Mr. Nocair Bensalah, VP of Operations (Age 50)
  • Mr. Rodney Clemente, VP of Water (Age 39)
  • Mr. Eric O. Siebert, VP of Oil & Gas (Age 40)
  • Mr. Joshua Ballard CFA, Chief Financial Officer

Who are Energy Recovery's major shareholders?

Energy Recovery's stock is owned by a number of of institutional and retail investors. Top institutional investors include First Trust Advisors LP (1.07%), Essex Investment Management Co. LLC (0.59%), Cadence Capital Management LLC (0.33%), Monarch Partners Asset Management LLC (0.15%), Gabelli Funds LLC (0.14%) and D.A. Davidson & CO. (0.11%). Company insiders that own Energy Recovery stock include Andrew B Stroud Jr, Arve Hanstveit, Emily Smith, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah and Rodney Clemente. View Institutional Ownership Trends for Energy Recovery.

Which institutional investors are selling Energy Recovery stock?

ERII stock was sold by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, D.A. Davidson & CO. and Gabelli Funds LLC. Company insiders that have sold Energy Recovery company stock in the last year include Arve Hanstveit, Emily Smith, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah and Rodney Clemente. View Insider Buying and Selling for Energy Recovery.

Which institutional investors are buying Energy Recovery stock?

ERII stock was acquired by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, First Trust Advisors LP, Manchester Capital Management LLC, California Public Employees Retirement System, Monarch Partners Asset Management LLC and Cambridge Investment Research Advisors Inc.. View Insider Buying and Selling for Energy Recovery.

How do I buy shares of Energy Recovery?

Shares of ERII can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Energy Recovery's stock price today?

One share of ERII stock can currently be purchased for approximately $8.85.

How big of a company is Energy Recovery?

Energy Recovery has a market capitalization of $487.78 million and generates $74.51 million in revenue each year. The industrial products company earns $22.09 million in net income (profit) each year or $0.20 on an earnings per share basis. Energy Recovery employs 143 workers across the globe.View Additional Information About Energy Recovery.

What is Energy Recovery's official website?

The official website for Energy Recovery is http://www.energyrecovery.com/.

How can I contact Energy Recovery?

Energy Recovery's mailing address is 1717 Doolittle Drive, San Leandro CA, 94577. The industrial products company can be reached via phone at 510-483-7370 or via email at [email protected]


MarketBeat Community Rating for Energy Recovery (NASDAQ ERII)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  297 (Vote Outperform)
Underperform Votes:  376 (Vote Underperform)
Total Votes:  673
MarketBeat's community ratings are surveys of what our community members think about Energy Recovery and other stocks. Vote "Outperform" if you believe ERII will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ERII will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/13/2019 by MarketBeat.com Staff

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