TheStreet upgraded shares of Trecora Resources (NYSE:TREC) from a c rating to a b- rating in a research note published on Monday, July 17th.
A number of other research firms also recently weighed in on TREC. Singular Research decreased their price objective on Trecora Resources from $18.00 to $16.00 and set a buy rating on the stock in a report on Thursday, April 27th. Zacks Investment Research raised Trecora Resources from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Wednesday, July 5th. Finally, B. Riley reaffirmed a buy rating and set a $17.50 price objective on shares of Trecora Resources in a report on Monday, May 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $15.13.
Shares of Trecora Resources (NYSE:TREC) traded down 0.85% during midday trading on Monday, reaching $11.60. The company’s stock had a trading volume of 25,088 shares. The company’s 50-day moving average price is $11.50 and its 200 day moving average price is $11.64. The firm has a market capitalization of $281.32 million, a PE ratio of 21.13 and a beta of 1.56. Trecora Resources has a 1-year low of $9.75 and a 1-year high of $14.80.
Trecora Resources (NYSE:TREC) last released its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $55.54 million for the quarter, compared to the consensus estimate of $55.73 million. Trecora Resources had a return on equity of 5.62% and a net margin of 6.24%. On average, equities research analysts forecast that Trecora Resources will post $0.44 earnings per share for the current year.
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In other Trecora Resources news, Director John Richard Townsend sold 14,145 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $11.33, for a total transaction of $160,262.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark D. Williamson sold 10,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $10.90, for a total transaction of $109,000.00. Following the completion of the sale, the vice president now owns 24,277 shares of the company’s stock, valued at approximately $264,619.30. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. TFS Capital LLC purchased a new position in Trecora Resources during the first quarter worth about $113,000. American International Group Inc. boosted its position in 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 during the period. Legion Partners Asset Management LLC acquired a new position in Trecora Resources during the first quarter worth approximately $157,000. Oxford Asset Management increased its position in 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 increased its position in 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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