Trecora Resources (TREC) to Release Quarterly Earnings on Tuesday
Trecora Resources (NYSE:TREC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $62.12 million during the quarter, compared to the consensus estimate of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. On average, analysts expect Trecora Resources to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Trecora Resources (TREC) opened at $12.25 on Friday. The stock has a market cap of $297.72, a price-to-earnings ratio of 47.12 and a beta of 1.48. Trecora Resources has a twelve month low of $9.75 and a twelve month high of $14.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.30.
TREC has been the topic of a number of recent analyst reports. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. B. Riley reissued a “buy” rating and issued a $17.50 price target on shares of Trecora Resources in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, BidaskClub lowered shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.00.
In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 10,000 shares of Trecora Resources stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $12.20, for a total transaction of $122,000.00. Following the sale, the insider now owns 4,157,044 shares of the company’s stock, valued at approximately $50,715,936.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 702,981 shares of company stock worth $8,874,751 in the last ninety days. Insiders own 6.60% of the company’s stock.
A hedge fund recently raised its stake in Trecora Resources stock. The Manufacturers Life Insurance Company increased its holdings in shares of Trecora Resources (NYSE:TREC) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,248 shares of the basic materials company’s stock after acquiring an additional 54 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Trecora Resources worth $183,000 at the end of the most recent reporting period. 41.22% of the stock is owned by institutional investors and hedge funds.
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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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