Trecora Resources (NYSE:TREC) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Thursday.

Separately, Zacks Investment Research downgraded shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th.

Shares of NYSE:TREC traded down $0.05 during mid-day trading on Thursday, reaching $11.79. The stock had a trading volume of 36,927 shares, compared to its average volume of 29,788. The company has a market capitalization of $289.92 million, a price-to-earnings ratio of 26.80 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.03 and a quick ratio of 1.39. Trecora Resources has a twelve month low of $10.25 and a twelve month high of $15.60.

Trecora Resources (NYSE:TREC) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). The company had revenue of $68.11 million for the quarter, compared to analyst estimates of $70.30 million. Trecora Resources had a return on equity of 4.84% and a net margin of 7.58%. Equities research analysts expect that Trecora Resources will post 0.51 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Trecora Resources during the 2nd quarter worth approximately $378,000. Schwab Charles Investment Management Inc. grew its stake in shares of Trecora Resources by 15.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,945 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 5,445 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Trecora Resources by 9.4% during the 2nd quarter. California Public Employees Retirement System now owns 48,691 shares of the basic materials company’s stock worth $723,000 after acquiring an additional 4,191 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Trecora Resources by 11.4% during the 1st quarter. Wells Fargo & Company MN now owns 49,320 shares of the basic materials company’s stock worth $671,000 after acquiring an additional 5,050 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in shares of Trecora Resources by 241.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 80,130 shares of the basic materials company’s stock worth $1,190,000 after acquiring an additional 56,671 shares in the last quarter. 48.52% of the stock is owned by institutional investors.

About Trecora Resources

Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.

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