Wall Street analysts expect Trecora Resources (NYSE:TREC) to report earnings per share (EPS) of $0.09 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Trecora Resources’ earnings, with estimates ranging from $0.06 to $0.11. Trecora Resources posted earnings per share of $0.07 in the same quarter last year, which indicates a positive year-over-year growth rate of 28.6%. The company is expected to issue its next earnings report on Wednesday, March 7th.
On average, analysts expect that Trecora Resources will report full year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.27. For the next fiscal year, analysts anticipate that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.75. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Trecora Resources.
Trecora Resources (NYSE:TREC) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.07). Trecora Resources had a net margin of 1.37% and a return on equity of 3.74%.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Trecora Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. TheStreet downgraded shares of Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Finally, B. Riley reissued a “buy” rating and set a $16.00 price objective (down from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Trecora Resources has an average rating of “Hold” and a consensus target price of $14.75.
Trecora Resources (NYSE TREC) opened at $13.80 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. The stock has a market cap of $335.42, a price-to-earnings ratio of 106.15 and a beta of 1.47. Trecora Resources has a 1 year low of $10.12 and a 1 year high of $14.30.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 10,925 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $12.39, for a total transaction of $135,360.75. Following the transaction, the insider now directly owns 3,467,908 shares of the company’s stock, valued at approximately $42,967,380.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 163,887 shares of company stock worth $2,027,983. Insiders own 6.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TREC. Kennedy Capital Management Inc. purchased a new stake in shares of Trecora Resources in the 2nd quarter worth about $1,256,000. Luzich Partners LLC grew its position in shares of Trecora Resources by 12.0% in the 2nd quarter. Luzich Partners LLC now owns 1,005,299 shares of the basic materials company’s stock worth $11,310,000 after buying an additional 107,495 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in shares of Trecora Resources in the 3rd quarter worth about $508,000. Bank of New York Mellon Corp grew its position in shares of Trecora Resources by 23.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock worth $2,352,000 after buying an additional 33,774 shares during the period. Finally, State Street Corp grew its position in shares of Trecora Resources by 8.8% in the 2nd quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock worth $3,933,000 after buying an additional 28,253 shares during the period. 42.73% of the stock is currently 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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