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

TREC has been the topic of a number of other reports. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $16.00 price target (down from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.75.

Shares of Trecora Resources (NYSE TREC) traded up $0.05 during mid-day trading on Friday, hitting $11.60. The stock had a trading volume of 95,900 shares, compared to its average volume of 46,837. The firm has a market capitalization of $290.46, a P/E ratio of 46.20 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66. Trecora Resources has a 1-year low of $10.13 and a 1-year high of $14.80.

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In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 5,183 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $12.31, for a total transaction of $63,802.73. Following the sale, the insider now directly owns 3,370,718 shares of the company’s stock, valued at $41,493,538.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 715,932 shares of company stock worth $9,034,411 over the last three months. Corporate insiders own 6.60% of the company’s stock.

A number of large investors have recently bought and sold shares of TREC. Citigroup Inc. boosted its holdings in Trecora Resources by 576.4% in the second quarter. Citigroup Inc. now owns 9,185 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 7,827 shares during the last quarter. American International Group Inc. boosted its holdings 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 valued at $136,000 after purchasing an additional 813 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Trecora Resources in the second quarter valued at $147,000. The Manufacturers Life Insurance Company boosted its holdings in Trecora Resources by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 54 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in Trecora Resources in the third quarter valued at $207,000. 41.61% of the stock is currently owned by institutional investors.

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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