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

Shares of Energy Recovery, Inc. (NASDAQ:ERII) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $15.00.

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Recovery in a research report on Monday, December 29th. Northcoast Research initiated coverage on Energy Recovery in a research report on Friday, March 6th. They set a “buy” rating and a $14.00 target price for the company. Finally, Loop Capital set a $13.00 target price on shares of Energy Recovery in a research note on Monday, March 2nd.

Energy Recovery Price Performance

Shares of NASDAQ:ERII opened at $10.20 on Tuesday. Energy Recovery has a 1 year low of $9.35 and a 1 year high of $18.32. The business has a 50 day simple moving average of $12.69 and a two-hundred day simple moving average of $14.17. The firm has a market capitalization of $538.87 million, a PE ratio of 23.72 and a beta of 1.08.

Energy Recovery (NASDAQ:ERII) last released its earnings results on Wednesday, February 25th. The industrial products company reported $0.53 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 for the quarter, compared to the consensus estimate of $82.59 million. Energy Recovery has set its FY 2026 guidance at 0.500-0.700 EPS. Equities research analysts expect that Energy Recovery will post 0.36 EPS for the current fiscal year.

Insider Activity at Energy Recovery

In other Energy Recovery news, insider William Yeung sold 7,271 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $14.55, for a total value of $105,793.05. Following the transaction, the insider directly owned 90,098 shares in the company, valued at $1,310,925.90. This represents a 7.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arve Hanstveit sold 11,582 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $10.62, for a total transaction of $123,000.84. Following the transaction, the director directly owned 575,220 shares in the company, valued at approximately $6,108,836.40. This trade represents a 1.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 81,100 shares of company stock worth $905,222 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Energy Recovery

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in 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 worth $218,000 after purchasing an additional 613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Energy Recovery by 2.6% during 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 in the last quarter. S&CO Inc. lifted its holdings in shares of Energy Recovery by 9.1% in the 3rd quarter. S&CO Inc. now owns 12,000 shares of the industrial products company’s stock worth $185,000 after buying an additional 1,000 shares during the period. Aviva PLC lifted its holdings in shares of Energy Recovery by 4.9% in the 4th quarter. Aviva PLC now owns 33,974 shares of the industrial products company’s stock worth $458,000 after buying an additional 1,599 shares during the period. Finally, Wexford Capital LP bought a new position in shares of Energy Recovery during the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 83.58% of the company’s stock.

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.