Analysts Set Trecora Resources (TREC) Target Price at $15.67
Shares of Trecora Resources (NYSE:TREC) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.67.
Several equities analysts recently commented on TREC shares. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. B. Riley reissued a “buy” rating and set a $17.00 price target on shares of Trecora Resources in a research report on Monday, August 7th. Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, July 5th. Finally, BidaskClub lowered shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 12,713 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $12.32, for a total transaction of $156,624.16. Following the completion of the transaction, the insider now directly owns 3,536,764 shares of the company’s stock, valued at approximately $43,572,932.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 620,825 shares of company stock valued at $7,849,807 over the last three months. 6.60% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Trecora Resources by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 54 shares in the last quarter. Luzich Partners LLC increased its holdings in shares of Trecora Resources by 12.0% during the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 107,495 shares in the last quarter. State Street Corp increased its holdings in shares of Trecora Resources by 8.8% during the 2nd quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock valued at $3,933,000 after purchasing an additional 28,253 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Trecora Resources by 576.4% during the 2nd quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 7,827 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Trecora Resources by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 672 shares in the last quarter. 41.55% of the stock is owned by hedge funds and other institutional investors.
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Trecora Resources (TREC) remained flat at $12.30 during mid-day trading on Thursday. The stock had a trading volume of 29,846 shares. The company’s 50 day moving average is $12.71 and its 200-day moving average is $11.78. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80. The company has a market cap of $298.93 million, a P/E ratio of 72.35 and a beta of 1.58.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). The company had revenue of $62.12 million during the quarter, compared to analysts’ expectations of $56.68 million. Trecora Resources had a net margin of 0.97% and a return on equity of 3.94%. Equities analysts predict that Trecora Resources will post $0.31 earnings per share for the current year.
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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