Trecora Resources (NYSE:TREC)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research report issued on Monday. They currently have a $17.00 price objective on the basic materials company’s stock. B. Riley’s price target indicates a potential upside of 38.21% from the stock’s previous close.

TREC has been the subject of several other research reports. Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, July 5th. TheStreet raised shares of Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. BidaskClub cut shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Singular Research dropped their price target on shares of Trecora Resources from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.00.

Shares of Trecora Resources (NYSE:TREC) traded up 1.65% during mid-day trading on Monday, reaching $12.30. 60,228 shares of the company’s stock were exchanged. The firm has a market cap of $298.30 million, a P/E ratio of 22.40 and a beta of 1.56. Trecora Resources has a 52-week low of $9.75 and a 52-week high of $14.80. The company has a 50 day moving average price of $11.49 and a 200 day moving average price of $11.56.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. Trecora Resources had a net margin of 0.97% and a return on equity of 3.95%. The business had revenue of $62.12 million during the quarter, compared to analysts’ expectations of $56.68 million. Analysts forecast that Trecora Resources will post $0.42 earnings per share for the current fiscal year.

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In related news, CEO Simon H. Upfill-Brown bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average cost of $11.31 per share, with a total value of $56,550.00. Following the transaction, the chief executive officer now owns 68,322 shares in the company, valued at approximately $772,721.82. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Richard Townsend sold 14,145 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $11.33, for a total transaction of $160,262.85. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Balter Liquid Alternatives LLC boosted its stake in Trecora Resources by 10.5% in the second quarter. Balter Liquid Alternatives LLC now owns 104,361 shares of the basic materials company’s stock valued at $1,174,000 after buying an additional 9,907 shares in the last quarter. Royce & Associates LP boosted its stake in Trecora Resources by 0.8% in the second quarter. Royce & Associates LP now owns 503,700 shares of the basic materials company’s stock valued at $5,667,000 after buying an additional 3,900 shares in the last quarter. Stanley Laman Group Ltd. boosted its stake in Trecora Resources by 6.8% in the second quarter. Stanley Laman Group Ltd. now owns 30,770 shares of the basic materials company’s stock valued at $346,000 after buying an additional 1,957 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Trecora Resources by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 143,060 shares of the basic materials company’s stock valued at $1,610,000 after buying an additional 21,407 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Trecora Resources by 7.7% in the second quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock valued at $271,000 after buying an additional 1,735 shares in the last quarter. 35.79% of the stock is owned by hedge funds and other institutional investors.

Trecora Resources Company Profile

Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).

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