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.
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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.
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