Energy Recovery Inc. (NASDAQ:ERII) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $19.00.

A number of brokerages recently commented on ERII. Evercore ISI began coverage on Energy Recovery in a research note on Tuesday, September 27th. They issued a “buy” rating and a $23.00 price target for the company. Zacks Investment Research lowered Energy Recovery from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. FBR & Co raised their price target on Energy Recovery from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Iberia Capital began coverage on Energy Recovery in a research note on Monday, September 26th. They issued an “outperform” rating and a $21.00 price target for the company. Finally, Jefferies Group raised Energy Recovery from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $20.00 in a research note on Tuesday, September 13th.

Shares of Energy Recovery (NASDAQ:ERII) opened at 11.72 on Monday. Energy Recovery has a 1-year low of $5.28 and a 1-year high of $16.67. The stock has a 50 day moving average of $12.49 and a 200 day moving average of $11.73. The company’s market cap is $613.55 million.

In other news, General Counsel William Yeung acquired 4,770 shares of the stock in a transaction on Tuesday, November 8th. The stock was acquired at an average price of $10.10 per share, with a total value of $48,177.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 26.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP raised its position in Energy Recovery by 1,201.5% in the third quarter. Quantbot Technologies LP now owns 10,256 shares of the company’s stock valued at $163,000 after buying an additional 9,468 shares in the last quarter. SG Americas Securities LLC bought a new position in Energy Recovery during the third quarter valued at about $164,000. Fox Run Management L.L.C. bought a new position in Energy Recovery during the third quarter valued at about $185,000. Acrospire Investment Management LLC raised its position in Energy Recovery by 109.3% in the second quarter. Acrospire Investment Management LLC now owns 12,449 shares of the company’s stock valued at $111,000 after buying an additional 6,500 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Energy Recovery by 8.4% in the third quarter. BlackRock Group LTD now owns 12,480 shares of the company’s stock valued at $199,000 after buying an additional 970 shares in the last quarter. 29.50% of the stock is owned by hedge funds and other institutional investors.

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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. It operates through two segments: Water, and Oil & Gas. Its Water Segment focuses on products sold for use in reverse osmosis water desalination.

5 Day Chart for NASDAQ:ERII

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