Media stories about Energy Recovery (NASDAQ:ERII) have trended somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing 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 coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.0116432413458 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Energy Recovery (ERII) Upgraded by ValuEngine to “Hold” (americanbankingnews.com)
- Energy Recovery (ERII) Given Buy Rating at B. Riley (americanbankingnews.com)
- Energy Recovery (ERII) Lifted to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
- Energy Recovery (ERII) vs. Fuel Tech (FTEK) Financial Review (americanbankingnews.com)
- Energy Recovery bags $10.1mn water projects deal in Saudi Arabia (utilities-me.com)
Shares of NASDAQ ERII traded down $0.07 during mid-day trading on Monday, reaching $8.15. 129,699 shares of the company traded hands, compared to its average volume of 423,466. The firm has a market cap of $443.76, a price-to-earnings ratio of 116.00 and a beta of 5.30. Energy Recovery has a fifty-two week low of $6.13 and a fifty-two week high of $11.30.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Wednesday, March 7th. The industrial products company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.17). The company had revenue of $22.39 million for the quarter, compared to analyst estimates of $30.59 million. Energy Recovery had a net margin of 22.39% and a return on equity of 5.62%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. analysts predict that Energy Recovery will post 0.25 earnings per share for the current year.
Energy Recovery announced that its board has initiated a share buyback plan on Thursday, March 8th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows 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 leadership believes its stock is undervalued.
A number of research analysts have recently commented on the company. TheStreet raised Energy Recovery from a “c” rating to a “b-” rating in a report on Thursday, March 8th. B. Riley set a $20.00 price objective on Energy Recovery and gave the company a “buy” rating in a report on Friday, March 9th. Jefferies Group reissued a “buy” rating and set a $14.00 price objective on shares of Energy Recovery in a report on Wednesday, December 20th. BidaskClub lowered Energy Recovery from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, ValuEngine raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Energy Recovery presently has an average rating of “Hold” and an average price target of $15.00.
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Energy Recovery Company Profile
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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