Shares of Energy Recovery, Inc. (NASDAQ:ERII) have been given an average rating of “Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.00.

ERII has been the topic of several research analyst reports. Zacks Investment Research upgraded Energy Recovery from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Tuesday, March 14th. FBR & Co reiterated a “buy” rating and set a $16.00 price target on shares of Energy Recovery in a research note on Monday, March 20th. Evercore ISI reiterated an “outperform” rating and set a $20.00 price target on shares of Energy Recovery in a research note on Wednesday, March 15th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $20.00 price target on shares of Energy Recovery in a research note on Saturday, March 11th.

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Shares of Energy Recovery (ERII) traded down 0.24% on Tuesday, hitting $8.21. The stock had a trading volume of 296,430 shares. The company’s 50 day moving average price is $7.96 and its 200-day moving average price is $9.14. Energy Recovery has a 12 month low of $7.11 and a 12 month high of $16.67. The company has a market cap of $443.22 million, a P/E ratio of 174.68 and a beta of 5.46.

Energy Recovery (NASDAQ:ERII) last announced its earnings results on Wednesday, May 3rd. The industrial products company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Energy Recovery had a return on equity of 4.10% and a net margin of 4.94%. The business had revenue of $12.26 million for the quarter, compared to analysts’ expectations of $15.15 million. On average, analysts expect that Energy Recovery will post $0.68 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. acquired a new position in Energy Recovery during the first quarter worth $104,000. Tudor Investment Corp ET AL acquired a new position in Energy Recovery during the first quarter worth $113,000. Russell Investments Group Ltd. acquired a new position in Energy Recovery during the fourth quarter worth $127,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Energy Recovery by 36.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,385 shares of the industrial products company’s stock worth $159,000 after buying an additional 4,100 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in Energy Recovery during the first quarter worth $166,000. 31.82% of the stock is owned by institutional investors.

Energy Recovery Company Profile

Energy 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.

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