Worth Watching: Is Energy Recovery, Inc. a Buy? The Stock Rises Again

Worth Watching: Is Energy Recovery, Inc. a Buy? The Stock Rises Again

The stock of Energy Recovery, Inc. (NASDAQ:ERII) is a huge mover today! About 425,747 shares traded hands. Energy Recovery, Inc. (NASDAQ:ERII) has declined 10.77% since April 5, 2016 and is downtrending. It has underperformed by 12.73% the S&P500.
The move comes after 8 months positive chart setup for the $522.11 million company. It was reported on Nov, 7 by Barchart.com. We have $14.44 PT which if reached, will make NASDAQ:ERII worth $229.73 million more.

Energy Recovery, Inc. (NASDAQ:ERII) Ratings Coverage

Out of 5 analysts covering Energy Recovery (NASDAQ:ERII), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Energy Recovery has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Tuesday, September 13. As per Wednesday, October 21, the company rating was upgraded by Credit Suisse. The stock has “Outperform” rating given by FBR Capital on Friday, July 15. The firm has “Outperform” rating given on Monday, September 26 by Iberia Capital Partners. iBERIA Capital Partners initiated Energy Recovery, Inc. (NASDAQ:ERII) on Monday, September 26 with “Outperform” rating. The firm has “Hold” rating given on Monday, August 10 by Ardour Capital.

According to Zacks Investment Research, “Based in San Leandro, California, ENERGY RECOVERY, INC. is a leading global developer and manufacturer of highly efficient energy recovery devices utilized in the water desalination industry. Energy Recovery, Inc. operates primarily in the sea water reverse osmosis segment of the desalination industry.ERI manufactures ultra-high efficiency recovery products and technology, specifically the ERI PX Pressure Exchanger, that are among the enabling technologies driving the rapid growth in seawater reverse osmosis desalination, and are helping to make desalination affordable worldwide.”

Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.34, from 1.6 in 2016Q1. The ratio dropped, as 23 funds sold all Energy Recovery, Inc. shares owned while 23 reduced positions. 34 funds bought stakes while 24 increased positions. They now own 13.01 million shares or 26.70% more from 10.27 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 20,000 shares. One Trading Lp has invested 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII). Royal Fincl Bank Of Canada reported 1,916 shares or 0% of all its holdings. Wells Fargo And Mn, a California-based fund reported 16,294 shares. Kbc Grp Nv last reported 0.03% of its portfolio in the stock. Teton holds 0.05% or 68,000 shares in its portfolio. Goldman Sachs Gru Inc accumulated 17,242 shares or 0% of the stock. Dimensional Fund Advisors L P holds 0% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII) for 843,607 shares. New York State Common Retirement Fund accumulated 35,300 shares or 0% of the stock. Vanguard Group Inc Incorporated last reported 0% of its portfolio in the stock. Aqr Mgmt Limited Liability Co has 84,628 shares for 0% of their US portfolio. Prescott Gp Capital Management Llc holds 0.06% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII) for 30,300 shares. Avenir Corp holds 209,550 shares or 0.15% of its portfolio. Voya Invest Ltd Liability Com accumulated 0% or 15,708 shares. Ladenburg Thalmann Financial Svcs owns 1,285 shares or 0% of their US portfolio.

Insider Transactions: Since May 17, 2016, the stock had 1 insider purchase, and 5 insider sales for $1.59 million net activity. BUEHLER ALEXANDER J sold $319,762 worth of Energy Recovery, Inc. (NASDAQ:ERII) on Thursday, August 11. The insider Michelet Hans Peter sold $1.37M. On Tuesday, May 24 the insider Siebert Eric bought $203,427. On Tuesday, May 17 STROUD ANDREW B JR sold $29,997 worth of the stock or 2,700 shares.

Another recent and important Energy Recovery, Inc. (NASDAQ:ERII) news was published by Prnewswire.com which published an article titled: “Energy Recovery Reports Third Quarter and Year-to-Date 2016 Results” on November 03, 2016.

ERII Company Profile

Energy Recovery, Inc., incorporated on March 8, 2001, is an energy solutions well-known 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. The Firm operates through two divisions: Water, and Oil & Gas. The Company’s Water Segment focuses on products sold for use in reverse osmosis water desalination. The Company’s Oil & Gas Segment consists of products sold for use in gas processing, chemical processing, and hydraulic fracturing. The Firm offers energy recovery devices (ERDs) in the water desalination market with its pressure exchanger technology and turbochargers. The Firm offers VorTeq hydraulic fracturing system (VorTeq), IsoBoost, and IsoGen product lines to the gas and oil market. The Company’s clients include engineering, procurement and construction companies, original equipment manufacturers, international oil companies, national oil companies, and exploration and production companies. The Firm offers preventive maintenance and support services, as well as reinstallation services. The Company’s solutions are marketed and sold in fluid flow markets, such as water, gas and oil, and chemical processing, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen.

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