Trecora Resources’s “Buy” Rating Reaffirmed at B. Riley (TREC)
Trecora Resources (NASDAQ:TREC)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a research note issued to investors on Friday. They currently have a $17.50 price target on the stock, up from their previous price target of $17.00. B. Riley’s target price points to a potential upside of 45.59% from the stock’s previous close.
Shares of Trecora Resources (NASDAQ:TREC) traded up 1.10% during mid-day trading on Friday, hitting $12.1517. The stock had a trading volume of 30,993 shares. Trecora Resources has a 52 week low of $7.57 and a 52 week high of $13.17. The stock has a 50-day moving average of $11.75 and a 200-day moving average of $11.4. The company has a market cap of $293.6 million and a price-to-earnings ratio of 17.17.
Trecora Resources (NASDAQ:TREC) last announced its earnings results on Thursday, July 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. On average, analysts predict that Trecora Resources will post $0.70 earnings per share for the current fiscal year.
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