Press coverage about Energy Recovery (NASDAQ:ERII) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Energy Recovery earned a news 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, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $20.00 price objective (up previously from $16.00) on shares of Energy Recovery in a report on Wednesday, November 1st. Jefferies Group LLC reissued a “buy” rating and set a $17.00 price objective (down previously from $20.00) on shares of Energy Recovery in a report on Wednesday, August 9th. ValuEngine raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub cut Energy Recovery from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, FBR & Co reissued a “buy” rating on shares of Energy Recovery in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.
Shares of Energy Recovery (ERII) opened at $9.61 on Tuesday. The firm has a market capitalization of $515.05, a PE ratio of 136.14, a price-to-earnings-growth ratio of 1.93 and a beta of 5.59. Energy Recovery has a 1-year low of $6.13 and a 1-year high of $12.73.
Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.31). The firm had revenue of $15.08 million for the quarter, compared to the consensus estimate of $14.64 million. Energy Recovery had a net margin of 7.78% and a return on equity of 5.75%. Energy Recovery’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) earnings per share. analysts predict that Energy Recovery will post 0.33 earnings per share for the current year.
In other news, Director Olav Fjell acquired 18,000 shares of Energy Recovery stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $7.08 per share, for a total transaction of $127,440.00. Following the transaction, the director now owns 18,000 shares of the company’s stock, valued at $127,440. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.60% of the stock is currently owned by corporate insiders.
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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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