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

$8.48
+0.02 (+0.24 %)
(As of 11/22/2019 01:01 AM ET)
Today's Range
$8.40
Now: $8.48
$8.52
50-Day Range
$8.46
MA: $9.31
$10.06
52-Week Range
$6.17
Now: $8.48
$12.04
Volume229,600 shs
Average Volume216,595 shs
Market Capitalization$467.38 million
P/E Ratio42.40
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$0.27 per share
Book Value$2.11 per share

Profitability

Net Income$22.09 million

Miscellaneous

Employees143
Market Cap$467.38 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 repurchase plan on Friday, March 9th 2018, which permits the company to buyback $10,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) announced its quarterly earnings data on Thursday, October, 31st. The industrial products company reported $0.07 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.04. The industrial products company had revenue of $24.90 million for the quarter, compared to analyst estimates of $22.01 million. Energy Recovery had a net margin of 18.65% and a return on equity of 9.95%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. 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 Wall Street analysts have issued 12-month price targets for Energy Recovery's stock. Their forecasts range from $12.00 to $18.00. On average, they expect Energy Recovery's share price to reach $15.00 in the next year. This suggests a possible upside of 76.9% 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 headlines about ERII stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Energy Recovery earned a coverage optimism score of 2.6 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Energy Recovery.

Are investors shorting Energy Recovery?

Energy Recovery saw a decrease in short interest in 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 short-interest ratio is presently 18.7 days. Approximately 11.8% of the shares of the stock are sold short. 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), FireEye (FEYE), NVIDIA (NVDA), 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 variety of of institutional and retail investors. Top institutional shareholders 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 major 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 major investors are buying Energy Recovery stock?

ERII stock was bought 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 $8.48.

How big of a company is Energy Recovery?

Energy Recovery has a market capitalization of $467.38 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:  298 (Vote Outperform)
Underperform Votes:  379 (Vote Underperform)
Total Votes:  677
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 11/22/2019 by MarketBeat.com Staff

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