Trecora Resources (TREC) Receives Consensus Rating of “Hold” from Analysts

Shares of Trecora Resources (NYSE:TREC) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.33.

A number of brokerages have recently weighed in on TREC. Zacks Investment Research lowered Trecora Resources from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. TheStreet lowered Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating and set a $16.00 target price (down from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th.

Trecora Resources (NYSE TREC) opened at $12.15 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. Trecora Resources has a 12-month low of $10.13 and a 12-month high of $14.30. The firm has a market capitalization of $296.54, a P/E ratio of 93.47 and a beta of 1.48.

In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.29, for a total transaction of $368,700.00. Following the transaction, the insider now directly owns 3,255,028 shares of the company’s stock, valued at $40,004,294.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 161,050 shares of company stock worth $2,036,605 over the last ninety days. 6.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC purchased a new stake in Trecora Resources in the 4th quarter valued at $146,000. Crestline Management LP purchased a new stake in Trecora Resources in the 4th quarter valued at $1,398,000. Goldman Sachs Group Inc. purchased a new stake in Trecora Resources in the 4th quarter valued at $180,000. Brigade Capital Management LP raised its position in Trecora Resources by 50.9% in the 4th quarter. Brigade Capital Management LP now owns 233,950 shares of the basic materials company’s stock valued at $3,158,000 after buying an additional 78,950 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in Trecora Resources by 33.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 191,759 shares of the basic materials company’s stock valued at $2,589,000 after buying an additional 48,129 shares during the last quarter. 43.68% of the stock is owned by institutional investors and hedge funds.

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Trecora Resources Company Profile

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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