Energy Recovery (ERII) Getting Somewhat Favorable Press Coverage, Analysis Finds

News articles about Energy Recovery (NASDAQ:ERII) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.0863605841209 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

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ERII has been the topic of several research analyst reports. ValuEngine raised Energy Recovery from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. TheStreet raised Energy Recovery from a “c” rating to a “b-” rating in a research note on Thursday, March 8th. BidaskClub downgraded Energy Recovery from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised Energy Recovery from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, January 3rd. Finally, B. Riley set a $20.00 price objective on Energy Recovery and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.00.

Shares of ERII traded down $0.17 during midday trading on Friday, hitting $8.27. The stock had a trading volume of 214,355 shares, compared to its average volume of 467,506. Energy Recovery has a twelve month low of $6.13 and a twelve month high of $11.30. The company has a market capitalization of $455.64, a price-to-earnings ratio of 118.14 and a beta of 5.31.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results on Wednesday, March 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.17). Energy Recovery had a net margin of 22.39% and a return on equity of 5.62%. The firm had revenue of $22.39 million during the quarter, compared to analyst estimates of $30.59 million. During the same period in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. research analysts expect that Energy Recovery will post 0.25 EPS for the current year.

Energy Recovery announced that its board has initiated a stock buyback plan on Thursday, March 8th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About Energy Recovery

Energy Recovery, Inc provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names worldwide. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for low and high-pressure reverse osmosis systems.

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