Media headlines about Energy Recovery (NASDAQ:ERII) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energy Recovery earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 48.8876964885462 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Energy Recovery (NASDAQ ERII) opened at $9.48 on Friday. The company has a market capitalization of $508.08, a price-to-earnings ratio of 135.43, a P/E/G ratio of 1.92 and a beta of 5.60. Energy Recovery has a 12 month low of $6.13 and a 12 month high of $12.73.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.31). The business had revenue of $15.08 million for the quarter, compared to analyst estimates of $14.64 million. Energy Recovery had a return on equity of 5.75% and a net margin of 7.78%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. equities research analysts predict that Energy Recovery will post 0.33 earnings per share for the current year.
Several research analysts have issued reports on ERII shares. Seaport Global Securities started coverage on Energy Recovery in a report on Tuesday, October 17th. They set a “buy” rating and a $17.00 price objective on the stock. JMP Securities assumed coverage on Energy Recovery in a report on Tuesday, September 5th. They set an “outperform” rating and a $12.00 price objective on the stock. Capital One Financial Corporation assumed coverage on Energy Recovery in a research note on Thursday, September 7th. They issued an “overweight” rating and a $16.00 price target on the stock. FBR & Co set a $16.00 price target on Energy Recovery and gave the company a “buy” rating in a research note on Monday, August 28th. Finally, BidaskClub downgraded Energy Recovery from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.
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In other news, Director Olav Fjell bought 18,000 shares of the stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $7.08 per share, for a total transaction of $127,440.00. Following the acquisition, the director now owns 18,000 shares in the company, valued at $127,440. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.60% of the stock is currently owned by corporate insiders.
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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