B.Riley FBR Maintains Their Buy Rating on Energy Recovery (ERII)

B.Riley FBR analyst Tom Curran maintained a Buy rating on Energy Recovery (ERIIResearch Report) yesterday and set a price target of $12.00. The company’s shares closed last Tuesday at $7.55.

According to TipRanks.com, Curran is ranked 0 out of 5 stars with an average return of -19.8% and a 30.3% success rate. Curran covers the Services sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Liberty Oilfield Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Energy Recovery with a $12.00 average price target.

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Energy Recovery’s market cap is currently $419.4M and has a P/E ratio of 50.70. The company has a Price to Book ratio of 3.37.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ERII in relation to earlier this year. Most recently, in March 2020, Arve Hanstveit, a Director at ERII sold 44,456 shares for a total of $363,204.

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. engineers, designs, manufactures and supplies solutions for industrial fluid flow processes. It operates through Water; and Oil & Gas segments. The Water segment represents the solutions sold for use in reverse osmosis desalination. The Oil & Gas segments refers t the solutions sold and licensed for use in hydraulic fracturing, gas processing, and chemical processing. The company was founded in April 1992 and is headquartered in San Leandro, CA.