Trecora Resources (NYSE:TREC) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.33.
Several brokerages recently weighed in on TREC. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet cut Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Finally, B. Riley reiterated a “buy” rating and set a $16.00 price target (down from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th.
Shares of Trecora Resources (NYSE:TREC) remained flat at $$13.60 during mid-day trading on Friday. 29,469 shares of the company were exchanged, compared to its average volume of 34,913. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $332.99, a PE ratio of 54.80 and a beta of 1.47. Trecora Resources has a 52 week low of $10.13 and a 52 week high of $14.30.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.07). Trecora Resources had a net margin of 1.37% and a return on equity of 3.74%. equities analysts predict that Trecora Resources will post 0.25 EPS for the current fiscal year.
In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 10,518 shares of Trecora Resources stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $12.34, for a total transaction of $129,792.12. Following the completion of the transaction, the insider now directly owns 3,394,744 shares in the company, valued at $41,891,140.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 92,249 shares of company stock valued at $1,132,831. 6.60% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of TREC. Rhumbline Advisers increased its position in shares of Trecora Resources by 7.7% in the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after buying an additional 1,735 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Trecora Resources by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 143,060 shares of the basic materials company’s stock valued at $1,610,000 after buying an additional 21,407 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Trecora Resources in the second quarter valued at approximately $147,000. TIAA CREF Investment Management LLC increased its position in shares of Trecora Resources by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after buying an additional 672 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Trecora Resources by 576.4% in the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 7,827 shares during the last quarter. Institutional investors and hedge funds own 42.76% of the company’s stock.
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Trecora Resources Company Profile
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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