Equities analysts predict that Trecora Resources (NYSE:TREC) will post sales of $56.68 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trecora Resources’ earnings. The highest sales estimate is $56.86 million and the lowest is $56.50 million. Trecora Resources posted sales of $48.85 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16%. The firm is expected to issue its next earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Trecora Resources will report full-year sales of $56.68 million for the current financial year, with estimates ranging from $236.27 million to $239.50 million. For the next year, analysts forecast that the firm will report sales of $257.18 million per share, with estimates ranging from $250.86 million to $263.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Trecora Resources.
Trecora Resources (NYSE:TREC) last released its earnings results on Thursday, May 4th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $55.54 million for the quarter, compared to analyst estimates of $55.73 million. Trecora Resources had a return on equity of 5.62% and a net margin of 6.24%.
A number of brokerages have recently weighed in on TREC. B. Riley reiterated a “buy” rating and set a $17.50 price target on shares of Trecora Resources in a research report on Wednesday, May 3rd. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday. Zacks Investment Research cut Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Singular Research lowered their target price on Trecora Resources from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, April 27th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.13.
Trecora Resources (TREC) traded up 0.42% on Thursday, hitting $12.05. The stock had a trading volume of 7,727 shares. Trecora Resources has a 12-month low of $9.75 and a 12-month high of $14.80. The company has a market cap of $292.24 million, a price-to-earnings ratio of 21.95 and a beta of 1.56. The company’s 50 day moving average price is $11.37 and its 200-day moving average price is $11.72.
In related news, VP Mark D. Williamson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $10.90, for a total value of $109,000.00. Following the sale, the vice president now directly owns 24,277 shares in the company, valued at approximately $264,619.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela R. Butcher bought 2,750 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average price of $11.31 per share, for a total transaction of $31,102.50. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at $28,275. The disclosure for this purchase can be found here. 6.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Trecora Resources by 2.8% in the first quarter. Geode Capital Management LLC now owns 142,410 shares of the basic materials company’s stock valued at $1,580,000 after buying an additional 3,889 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Trecora Resources by 2.5% in the first quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock valued at $6,198,000 after buying an additional 13,585 shares during the period. Wellington Management Group LLP boosted its position in shares of Trecora Resources by 8.5% in the first quarter. Wellington Management Group LLP now owns 2,873,014 shares of the basic materials company’s stock valued at $31,890,000 after buying an additional 225,893 shares during the period. Argent Capital Management LLC boosted its position in shares of Trecora Resources by 2.4% in the first quarter. Argent Capital Management LLC now owns 194,525 shares of the basic materials company’s stock valued at $2,159,000 after buying an additional 4,500 shares during the period. Finally, American International Group Inc. boosted its position 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 valued at $136,000 after buying an additional 813 shares during the period. Hedge funds and other institutional investors own 35.65% of the company’s stock.
About Trecora Resources
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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