Energy Recovery (ERII) Receiving Somewhat Positive Press Coverage, Accern Reports
Headlines about Energy Recovery (NASDAQ:ERII) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energy Recovery earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.1092224649501 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Energy Recovery Inc (ERII) Balance Step Levels in Focus – Stock Press Daily (stockpressdaily.com)
- Energy Recovery, Inc. (ERII) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Energy Recovery, Inc. (ERII) PT Set at $16.00 by FBR & Co (americanbankingnews.com)
- Energy Recovery, Inc. (ERII) Stock | Announces 15 Year Agreement with Schlumberger – Warrior Trading News (press release) (warriortradingnews.com)
- Nuveen Preferred Securities Income Fund (JPS) and Energy Recovery Inc (ERII) Shares Needle Moving On Volume – Evergreen Caller (evergreencaller.com)
Shares of Energy Recovery (NASDAQ:ERII) traded up 0.46% during midday trading on Thursday, hitting $6.50. The stock had a trading volume of 242,164 shares. The stock has a 50-day moving average of $7.16 and a 200 day moving average of $7.94. Energy Recovery has a 52 week low of $6.13 and a 52 week high of $16.67. The stock has a market cap of $348.24 million, a PE ratio of 224.14 and a beta of 5.51.
Energy Recovery (NASDAQ:ERII) last released its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Energy Recovery had a net margin of 3.07% and a return on equity of 2.43%. The firm had revenue of $12.20 million during the quarter, compared to analyst estimates of $14.99 million. During the same quarter in the previous year, the business earned $0.01 EPS. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. Analysts anticipate that Energy Recovery will post $0.35 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of Energy Recovery in a research report on Wednesday, August 9th. Finally, FBR & Co set a $16.00 price objective on Energy Recovery and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.92.
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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