Brokerages Set Trecora Resources (TREC) Price Target at $15.33

Trecora Resources (NYSE:TREC) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.33.

TREC has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and issued a $16.00 price target (down previously from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. TheStreet lowered Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th.

In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 6,734 shares of Trecora Resources stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $12.75, for a total value of $85,858.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 271,062 shares of company stock valued at $3,389,998. 6.60% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Luzich Partners LLC increased its stake in Trecora Resources by 10.0% during the 3rd quarter. Luzich Partners LLC now owns 1,105,494 shares of the basic materials company’s stock worth $14,703,000 after buying an additional 100,195 shares in the last quarter. Algert Global LLC purchased a new stake in Trecora Resources during the 3rd quarter worth approximately $353,000. Wells Fargo & Company MN increased its stake in Trecora Resources by 17.4% during the 3rd quarter. Wells Fargo & Company MN now owns 39,319 shares of the basic materials company’s stock worth $523,000 after buying an additional 5,839 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Trecora Resources by 23.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock worth $2,352,000 after buying an additional 33,774 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in Trecora Resources during the 3rd quarter worth approximately $508,000. Institutional investors own 42.73% of the company’s stock.

Shares of Trecora Resources (TREC) traded up $0.25 during trading on Tuesday, hitting $14.15. The company had a trading volume of 42,410 shares, compared to its average volume of 56,525. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. Trecora Resources has a 1 year low of $10.13 and a 1 year high of $14.80. The stock has a market cap of $337.85, a price-to-earnings ratio of 108.85 and a beta of 1.47.

WARNING: This article was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/05/brokerages-set-trecora-resources-trec-price-target-at-15-33.html.

About Trecora Resources

Trecora Resources (TREC) is a provider of high-purity specialty hydrocarbons and waxes. TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. The Company operates through two segments: specialty petrochemical products and specialty synthetic waxes.

Receive News & Ratings for Trecora Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trecora Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply