Trecora Resources (NYSE:TREC) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Monday.
A number of other equities research analysts have also issued reports on the stock. B. Riley reissued a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a research report on Wednesday, May 3rd. Singular Research lowered their price target on shares of Trecora Resources from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, April 27th. Finally, Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, July 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.13.
Shares of Trecora Resources (NYSE TREC) remained flat at $12.00 during mid-day trading on Monday. The company’s stock had a trading volume of 19,418 shares. The company has a market cap of $291.02 million, a P/E ratio of 21.86 and a beta of 1.56. The stock has a 50-day moving average price of $11.37 and a 200-day moving average price of $11.72. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80.
Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $55.54 million during the quarter, compared to analyst estimates of $55.73 million. Trecora Resources had a net margin of 6.24% and a return on equity of 5.62%. Equities research analysts expect that Trecora Resources will post $0.44 EPS for the current year.
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In related news, Director John Richard Townsend sold 14,145 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $11.33, for a total transaction of $160,262.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela R. Butcher bought 2,750 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average price of $11.31 per share, for a total transaction of $31,102.50. Following the completion of the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $28,275. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in TREC. TFS Capital LLC bought a new position in Trecora Resources during the first quarter valued at $113,000. American International Group Inc. boosted its stake in shares of Trecora Resources by 7.1% in the first quarter. American International Group Inc. now owns 12,221 shares of the basic materials company’s stock worth $136,000 after buying an additional 813 shares in the last quarter. Legion Partners Asset Management LLC acquired a new stake in shares of Trecora Resources during the first quarter worth approximately $157,000. Oxford Asset Management boosted its stake in shares of Trecora Resources by 120.2% in the first quarter. Oxford Asset Management now owns 25,459 shares of the basic materials company’s stock worth $283,000 after buying an additional 13,897 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Trecora Resources by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 31,797 shares of the basic materials company’s stock worth $440,000 after buying an additional 1,846 shares in the last quarter. Hedge funds and other institutional investors own 35.65% 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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