Somewhat Positive Media Coverage Somewhat Unlikely to Impact Energy Recovery (ERII) Stock Price
News headlines about Energy Recovery (NASDAQ:ERII) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energy Recovery earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.223231774992 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Head to Head Survey: Energy Recovery (ERII) and Its Peers (americanbankingnews.com)
- Energy Recovery : to Host Third Quarter 2017 Financial Results Conference Call on November 2 (4-traders.com)
- Energy Recovery to Host Third Quarter 2017 Financial Results Conference Call on November 2 (finance.yahoo.com)
- Market Review: Checking the Technicals on Shares of Energy Recovery Inc (ERII) – Lockport Press (lockportpress.com)
- Energy Recovery (ERII) Secures $5.8M Contract for Desalination Projects in the Middle East – StreetInsider.com (streetinsider.com)
A number of equities analysts have commented on ERII shares. BidaskClub raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and set a $17.00 target price (down previously from $20.00) on shares of Energy Recovery in a report on Wednesday, August 9th. FBR & Co set a $16.00 target price on Energy Recovery and gave the company a “buy” rating in a report on Monday, August 28th. Finally, JMP Securities started coverage on Energy Recovery in a report on Tuesday, September 5th. They set an “outperform” rating and a $12.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $16.57.
Energy Recovery (NASDAQ:ERII) traded up 2.17% during midday trading on Wednesday, hitting $8.48. The company had a trading volume of 475,573 shares. Energy Recovery has a 52-week low of $6.13 and a 52-week high of $14.79. The stock has a market cap of $454.32 million, a PE ratio of 292.41 and a beta of 5.55. The stock’s 50-day moving average price is $7.29 and its 200-day moving average price is $7.61.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Energy Recovery had a return on equity of 2.43% and a net margin of 3.07%. The firm had revenue of $12.20 million during the quarter, compared to the consensus estimate of $14.99 million. During the same period in the previous year, the firm posted $0.01 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts expect that Energy Recovery will post $0.40 EPS for the current fiscal year.
In related news, Director Olav Fjell acquired 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $7.08 per share, for a total transaction of $127,440.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $127,440. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 23.60% of the company’s stock.
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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