Energy Recovery, Inc. (NASDAQ:ERII) Given Average Rating of “Moderate Buy” by Analysts

Energy Recovery, Inc. (NASDAQ:ERII) has earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.00.

Several brokerages have recently weighed in on ERII. Northcoast Research initiated coverage on shares of Energy Recovery in a research report on Friday, March 6th. They issued a “buy” rating and a $14.00 price target for the company. Loop Capital set a $13.00 price objective on shares of Energy Recovery in a research note on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Energy Recovery in a report on Monday, December 29th.

Energy Recovery Stock Performance

Shares of Energy Recovery stock opened at $10.20 on Tuesday. The stock’s fifty day moving average price is $12.61 and its 200-day moving average price is $14.14. The firm has a market cap of $538.86 million, a P/E ratio of 23.72 and a beta of 1.08. Energy Recovery has a 12 month low of $9.35 and a 12 month high of $18.32.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). The business had revenue of $66.59 million during the quarter, compared to analysts’ expectations of $82.59 million. Energy Recovery had a return on equity of 11.92% and a net margin of 17.01%.Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. Analysts forecast that Energy Recovery will post 0.36 earnings per share for the current year.

Insider Transactions at Energy Recovery

In other Energy Recovery news, Director Arve Hanstveit sold 38,418 shares of Energy Recovery stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $10.71, for a total value of $411,456.78. Following the transaction, the director owned 586,802 shares in the company, valued at $6,284,649.42. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rodney Clemente sold 20,568 shares of Energy Recovery stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $10.61, for a total value of $218,226.48. Following the completion of the transaction, the senior vice president owned 116,008 shares in the company, valued at $1,230,844.88. This trade represents a 15.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 81,100 shares of company stock valued at $905,222. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

Institutional investors have recently modified their holdings of the company. Wexford Capital LP purchased a new position in shares of Energy Recovery in the 3rd quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its position in Energy Recovery by 2,581.9% during the third quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,859 shares during the last quarter. Parallel Advisors LLC acquired a new stake in Energy Recovery in the fourth quarter valued at approximately $38,000. State of Alaska Department of Revenue purchased a new position in Energy Recovery in the third quarter worth $46,000. Finally, Comerica Bank grew its holdings in Energy Recovery by 150.5% in the fourth quarter. Comerica Bank now owns 3,868 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,324 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.