Energy Recovery Receives a Buy from FBR Capital

By Ryan Adsit

FBR Capital analyst Tom Curran assigned a Buy rating to Energy Recovery (NASDAQ: ERII) today. The company’s shares opened today at $7.95.

According to TipRanks.com, Curran is ranked 0 out of 5 stars with an average return of -4.5% and a 43.9% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Baker Hughes a GE company.

Energy Recovery has an analyst consensus of Moderate Buy, with a price target consensus of $12.

Energy Recovery’s market cap is currently $415.7M and has a P/E ratio of 258.67. The company has a book value ratio of 6.3442.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ERII in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Energy Recovery, Inc. engages in the provision of energy solutions to industrial fluid flow markets worldwide. It operates through Water; and Oil & Gas business segments. The Water segment represents the solutions sold for use in reverse osmosis desalination.