TheStreet Lowers Trecora Resources (TREC) to C+
A number of other research analysts also recently commented on TREC. B. Riley reaffirmed a buy rating and issued a $17.50 price target on shares of Trecora Resources in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Trecora Resources from a sell rating to a strong sell rating in a report on Saturday, August 5th. Finally, Zacks Investment Research downgraded shares of Trecora Resources from a hold rating to a sell rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $14.75.
Shares of Trecora Resources (TREC) traded up $0.05 during trading hours on Friday, hitting $11.60. 95,900 shares of the company were exchanged, compared to its average volume of 46,837. 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 1 year low of $10.13 and a 1 year high of $14.80. The company has a market cap of $290.46, a P/E ratio of 46.20 and a beta of 1.48.
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In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 5,183 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $12.31, for a total value of $63,802.73. Following the completion of the sale, the insider now owns 3,370,718 shares of the company’s stock, valued at $41,493,538.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 715,932 shares of company stock valued at $9,034,411. 6.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Luzich Partners LLC raised its stake in shares of Trecora Resources by 12.0% during the second quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock valued at $11,310,000 after acquiring an additional 107,495 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Trecora Resources by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 671,410 shares of the basic materials company’s stock valued at $7,453,000 after acquiring an additional 16,452 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Trecora Resources by 2.5% during the first quarter. Vanguard Group Inc. now owns 558,376 shares of the basic materials company’s stock valued at $6,198,000 after acquiring an additional 13,585 shares in the last quarter. Royce & Associates LP raised its stake in shares of Trecora Resources by 0.8% during the second quarter. Royce & Associates LP now owns 503,700 shares of the basic materials company’s stock valued at $5,667,000 after acquiring an additional 3,900 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Trecora Resources by 8.8% during the second quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock valued at $3,933,000 after acquiring an additional 28,253 shares in the last quarter. 41.61% of the stock is owned by institutional investors and hedge funds.
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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