Energy Recovery, Inc. (NASDAQ:ERII) was the recipient of unusually large options trading on Monday. Investors purchased 1,310 put options on the stock. This is an increase of 803% compared to the typical volume of 145 put options.

Energy Recovery (NASDAQ ERII) opened at $10.57 on Thursday. Energy Recovery has a 52-week low of $6.13 and a 52-week high of $12.73. The firm has a market capitalization of $558.46, a PE ratio of 148.86, a price-to-earnings-growth ratio of 2.11 and a beta of 5.73.

Energy Recovery (NASDAQ:ERII) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.31). Energy Recovery had a return on equity of 5.75% and a net margin of 7.78%. The firm had revenue of $15.08 million during the quarter, compared to analyst estimates of $14.64 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. equities research analysts predict that Energy Recovery will post 0.33 EPS for the current year.

In related news, VP Andrew B. Stroud, Jr. sold 7,117 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $11.00, for a total value of $78,287.00. Following the completion of the sale, the vice president now directly owns 32,398 shares of the company’s stock, valued at approximately $356,378. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its position in Energy Recovery by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,212 shares of the industrial products company’s stock worth $989,000 after purchasing an additional 741 shares during the last quarter. Rhumbline Advisers increased its position in Energy Recovery by 7.3% in the 2nd quarter. Rhumbline Advisers now owns 40,107 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 2,712 shares during the last quarter. Teachers Advisors LLC increased its position in Energy Recovery by 4.4% in the 2nd quarter. Teachers Advisors LLC now owns 68,641 shares of the industrial products company’s stock worth $569,000 after purchasing an additional 2,887 shares during the last quarter. Voya Investment Management LLC increased its position in Energy Recovery by 21.0% in the 2nd quarter. Voya Investment Management LLC now owns 19,001 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 3,293 shares during the last quarter. Finally, National Planning Corp increased its holdings in shares of Energy Recovery by 21.3% during the 2nd quarter. National Planning Corp now owns 18,743 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 3,297 shares during the last quarter. 33.58% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. Capital One Financial assumed coverage on Energy Recovery in a research note on Thursday, September 7th. They issued an “overweight” rating and a $16.00 price objective for the company. Seaport Global Securities assumed coverage on Energy Recovery in a research note on Tuesday, October 17th. They issued a “buy” rating and a $17.00 price objective for the company. FBR & Co set a $16.00 price objective on Energy Recovery and gave the stock a “buy” rating in a research note on Monday, August 28th. B. Riley set a $20.00 price objective on Energy Recovery and gave the stock a “buy” rating in a research note on Thursday, November 30th. Finally, ValuEngine raised Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.00.

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About Energy Recovery

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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