Trecora Resources (TREC) to Release Quarterly Earnings on Tuesday
Trecora Resources (NYSE:TREC) is scheduled to announce its earnings results 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 released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). Trecora Resources had a net margin of 0.97% and a return on equity of 3.94%. The company had revenue of $62.12 million for the quarter, compared to the consensus estimate of $56.68 million. On average, analysts expect Trecora Resources to post $0.35 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Trecora Resources (TREC) traded up 0.41% on Tuesday, hitting $12.30. 2,734 shares of the company’s stock traded hands. Trecora Resources has a one year low of $9.75 and a one year high of $14.80. The stock has a 50-day moving average of $12.73 and a 200-day moving average of $11.84. The stock has a market cap of $298.93 million, a PE ratio of 72.35 and a beta of 1.57.
TREC has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. TheStreet upgraded shares of Trecora Resources from a “c” rating to a “b-” rating in a research report on Monday, July 17th. BidaskClub lowered shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, B. Riley restated a “buy” rating and set a $17.00 price target on shares of Trecora Resources in a research report on Monday, August 7th. 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 stock presently has an average rating of “Hold” and an average target price of $15.00.
In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $12.62, for a total transaction of $378,600.00. Following the transaction, the insider now directly owns 3,407,908 shares in the company, valued at $43,007,798.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 692,463 shares of company stock worth $8,744,959 over the last 90 days. 6.60% of the stock is currently owned by company insiders.
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 second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,248 shares of the basic materials company’s stock after acquiring an additional 54 shares during the quarter. The Manufacturers Life Insurance Company owned about 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 hedge funds and other institutional investors.
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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