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: www.energyrecovery.com
Capitalization:
  • Market Cap: $441.47 million
  • Outstanding Shares: 53,576,000
Average Prices:
  • 50 Day Moving Avg: $7.57
  • 200 Day Moving Avg: $7.62
  • 52 Week Range: $6.13 - $14.48
P/E:
  • Trailing P/E Ratio: 278.97
  • Foreward P/E Ratio: 23.79
  • P/E Growth: 1.07
Sales & Book Value:
  • Annual Revenue: $55.87 million
  • Price / Sales: 7.76
  • Book Value: $1.22 per share
  • Price / Book: 6.63
Profitability:
  • EBITDA: $3.95 million
  • Net Margins: 3.07%
  • Return on Equity: 2.43%
  • Return on Assets: 1.07%
Debt:
  • Current Ratio: 7.37%
  • Quick Ratio: 6.97%
Misc:
  • Average Volume: 425,380 shs.
  • Beta: 5.54
  • 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 announced that its board has approved a share repurchase program on Wednesday, April 12th 2017, which authorizes the company to buyback $15,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

How were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company earned $12.20 million during the quarter, compared to analysts' expectations of $14.99 million. Energy Recovery had a net margin of 3.07% and a return on equity of 2.43%. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the business earned $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 brokerages have issued 12-month price objectives for Energy Recovery's shares. Their predictions range from $12.00 to $20.00. On average, they expect Energy Recovery's share 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

Who owns Energy Recovery stock?

Energy Recovery's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Nationwide Fund Advisors (0.04%). 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, Olav Fjell, 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 Nationwide Fund Advisors. 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.

What is Energy Recovery's stock price today?

One share of Energy Recovery stock can currently be purchased for approximately $8.09.


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 (104.84% 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)
Show:
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 CorporationInitiated 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 10/24/2015 forward)

Earnings

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)

Estimates

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)

Dividends

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

Insider Trades

Insider Trading and Institutional Ownership History for Energy Recovery (NASDAQ:ERII)
Insider Ownership Percentage: 23.60%
Institutional Ownership Percentage: 33.75%
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)

Headlines

Headline Trends for Energy Recovery (NASDAQ:ERII)
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Energy Recovery (ERII) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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