Trecora Resources (TREC) Receives Average Rating of “Hold” from Analysts
Trecora Resources (NYSE:TREC) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.67.
Several research firms recently commented on TREC. B. Riley reiterated a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a research report on Monday, August 7th. BidaskClub lowered Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th.
Trecora Resources (NYSE:TREC) remained flat at $12.15 during trading on Wednesday. The stock had a trading volume of 90,958 shares. Trecora Resources has a 52-week low of $9.75 and a 52-week high of $14.80. The company has a market capitalization of $295.28 million, a price-to-earnings ratio of 71.47 and a beta of 1.56. The stock’s 50-day moving average price is $12.03 and its 200-day moving average price is $11.50.
Trecora Resources (NYSE:TREC) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The firm had revenue of $62.12 million during the quarter, compared to the consensus estimate of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. Equities research analysts predict that Trecora Resources will post $0.32 EPS for the current year.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $12.25, for a total transaction of $245,000.00. Following the completion of the transaction, the insider now owns 4,137,044 shares in the company, valued at $50,678,789. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela R. Butcher bought 2,750 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average price of $11.31 per share, with a total value of $31,102.50. Following the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at $28,275. The disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of Trecora Resources by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after buying an additional 54 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Trecora Resources by 1.2% during 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 during the period. American International Group Inc. boosted its position in shares of Trecora Resources by 7.1% during the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock valued at $136,000 after buying an additional 813 shares during the period. Bard Associates Inc. boosted its position in shares of Trecora Resources by 1.3% during the first quarter. Bard Associates Inc. now owns 112,100 shares of the basic materials company’s stock valued at $1,244,000 after buying an additional 1,475 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Trecora Resources by 7.7% during 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 during the period. Institutional investors and hedge funds own 41.55% of the company’s stock.
Trecora Resources Company Profile
Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).
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