Analyst Rating Update on Energy Recovery (ERII)

Energy Recovery (NASDAQ:ERII) : Zacks Investment Research ranks Energy Recovery (NASDAQ:ERII) as 5, which is a Strong Sell recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 2.5, which indicates as a Buy.

Energy Recovery (NASDAQ:ERII) : The highest level Energy Recovery (NASDAQ:ERII) is projected to reach is $16 for the short term and the lowest estimate is at $8. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $12 and the possibility the share price can swing is $5.66.

For the current week, the company shares have a recommendation consensus of Buy.

Energy Recovery (NASDAQ:ERII): stock turned positive on Tuesday. Though the stock opened at $7.97, the bulls momentum made the stock top out at $8.44 level for the day. The stock recorded a low of $7.93 and closed the trading day at $8.35, in the green by 5.56%. The total traded volume for the day was 906,636. The stock had closed at $7.91 in the previous days trading.

In an insider trading activity, Michelet Hans Peter, director of Energy Recovery, Inc., unloaded 150,000 shares at an average price of $9.14 on June 14, 2016. The total amount of the transaction was worth $1,371,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Energy Recovery, Inc. (Energy Recovery) is engaged in providing pressure energy technology for industrial fluid flow applications. The Company designs, develops and manufactures energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles. The Companys energy recovery devices are primarily used in seawater reverse osmosis desalination. The Company also provides pumps to facilitate a packaged solution to its customers. Its products are marketed and sold in fluid flow markets, such as desalination and oil and gas, under the trademarks ERI, PX, Pressure Exchanger and PX Pressure Exchanger. The Company also provides engineering, technical support and training to customers during product installation and plant commissioning. Additionally, it offers preventive maintenance and support services, as well as reinstallation services.

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