Is there a Bearish outlook for Energy Recovery, Inc. (NASDAQ:ERII) this week?

June 17, 2018 - By wolcottdaily

Energy Recovery, Inc. (NASDAQ:ERII) LogoInvestors sentiment decreased to 1.1 in Q1 2018. Its down 0.59, from 1.69 in 2017Q4. It turned negative, as 16 investors sold Energy Recovery, Inc. shares while 25 reduced holdings. 14 funds opened positions while 31 raised stakes. 18.16 million shares or 4.99% more from 17.30 million shares in 2017Q4 were reported.
Essex Investment Mngmt Ltd Liability, Massachusetts-based fund reported 321,543 shares. Blackrock invested in 0% or 2.20M shares. Avenir Corp reported 0.28% of its portfolio in Energy Recovery, Inc. (NASDAQ:ERII). Gabelli Funds Limited holds 0% or 80,000 shares. Monarch Partners Asset Ltd Llc invested in 0.05% or 68,110 shares. Susquehanna Group Inc Ltd Liability Partnership reported 34,392 shares. Goldman Sachs Grp reported 511,798 shares stake. The California-based Lpl Finance Ltd has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Encompass Capital Advsr Ltd Co accumulated 971,874 shares or 0.97% of the stock. Kansas-based Tortoise Advsr Ltd has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). California State Teachers Retirement System owns 56,053 shares for 0% of their portfolio. Voya Management Ltd Limited Liability Company has invested 0% in Energy Recovery, Inc. (NASDAQ:ERII). Neuberger Berman Lc invested in 0% or 60,000 shares. Us State Bank De reported 0% stake. Citadel Advsrs Limited Liability Company reported 163,047 shares.

Since March 12, 2018, it had 0 insider purchases, and 1 insider sale for $428,300 activity.

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

Among 2 analysts covering Energy Recovery (NASDAQ:ERII), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Recovery had 2 analyst reports since March 27, 2018 according to SRatingsIntel. JMP Securities maintained Energy Recovery, Inc. (NASDAQ:ERII) rating on Friday, June 15. JMP Securities has “Market Outperform” rating and $13 target. FBR Capital maintained Energy Recovery, Inc. (NASDAQ:ERII) rating on Tuesday, March 27. FBR Capital has “Buy” rating and $2000 target. Below is a list of Energy Recovery, Inc. (NASDAQ:ERII) latest ratings and price target changes.

15/06/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $15 New Target: $13 Maintain
27/03/2018 Broker: FBR Capital Rating: Buy New Target: $20.0000 Maintain

The stock decreased 4.89% or $0.41 during the last trading session, reaching $8.07. About 753,562 shares traded or 116.68% up from the average. Energy Recovery, Inc. (NASDAQ:ERII) has risen 5.14% since June 17, 2017 and is uptrending. It has underperformed by 7.43% the S&P500.

Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen names worldwide. The company has market cap of $431.77 million. The firm operates through Water and Oil & Gas divisions. It has a 39.95 P/E ratio. It offers pressure exchanger energy recovery devices and turbocharger technologies for water desalination and gas and oil; AT turbochargers for low-pressure brackish, and high-pressure seawater reverse osmosis systems; and high-performance, high-efficiency, high-pressure, and circulation booster pumps.

More news for Energy Recovery, Inc. (NASDAQ:ERII) were recently published by: Seekingalpha.com, which released: “Don’t Expect A Recovery From Energy Recovery” on May 22, 2018. Benzinga.com‘s article titled: “31 Stocks Moving In Thursday’s Mid-Day Session” and published on June 14, 2018 is yet another important article.

Energy Recovery, Inc. (NASDAQ:ERII) Institutional Positions Chart

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