Brokerages Set Energy Recovery, Inc. (NASDAQ:ERII) Price Target at $15.00

Energy Recovery, Inc. (NASDAQ:ERII) has earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $15.00.

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. Loop Capital set a $13.00 price objective on Energy Recovery in a report on Monday, March 2nd. Finally, Northcoast Research began coverage on Energy Recovery in a research report on Friday. They issued a “buy” rating and a $14.00 target price on the stock.

Energy Recovery Stock Down 1.1%

NASDAQ:ERII opened at $10.61 on Friday. The company has a market cap of $560.53 million, a P/E ratio of 24.67 and a beta of 1.10. Energy Recovery has a twelve month low of $9.59 and a twelve month high of $18.32. The business has a 50 day moving average price of $14.19 and a two-hundred day moving average price of $14.74.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). Energy Recovery had a net margin of 17.01% and a return on equity of 11.92%. The business had revenue of $66.59 million during the quarter, compared to analyst estimates of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. As a group, analysts anticipate that Energy Recovery will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Energy Recovery news, insider William Yeung sold 7,271 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total transaction of $105,793.05. Following the transaction, the insider owned 90,098 shares of the company’s stock, valued at $1,310,925.90. The trade was a 7.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Rodney Clemente sold 20,568 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $10.61, for a total transaction of $218,226.48. Following the transaction, the senior vice president owned 116,008 shares in the company, valued at $1,230,844.88. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 31,100 shares of company stock valued at $370,765. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

Several hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Energy Recovery by 4.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,984 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Energy Recovery by 2.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 36,649 shares of the industrial products company’s stock valued at $559,000 after purchasing an additional 914 shares during the period. S&CO Inc. grew its position in shares of Energy Recovery by 9.1% during the 3rd quarter. S&CO Inc. now owns 12,000 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 1,000 shares in the last quarter. Aviva PLC grew its position in shares of Energy Recovery by 4.9% during the 4th quarter. Aviva PLC now owns 33,974 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Wexford Capital LP bought a new position in shares of Energy Recovery during the third quarter worth approximately $27,000. 83.58% of the stock is owned by institutional investors and hedge funds.

Energy Recovery Company Profile

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.