Shares of Trecora Resources (NYSE:TREC) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $16.50 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also assigned Trecora Resources an industry rank of 68 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on TREC shares. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd. Roth Capital set a $16.00 price target on Trecora Resources and gave the stock a “buy” rating in a report on Friday, October 28th. Finally, B. Riley reissued a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a report on Thursday, November 10th.
Trecora Resources (NYSE:TREC) traded up 0.196% during mid-day trading on Tuesday, hitting $12.775. 1,730 shares of the stock traded hands. Trecora Resources has a 52-week low of $8.17 and a 52-week high of $14.80. The firm’s 50-day moving average is $13.22 and its 200 day moving average is $11.86. The firm has a market cap of $309.44 million, a P/E ratio of 15.029 and a beta of 1.25.
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In related news, insider Connie Cook sold 7,512 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $12.11, for a total value of $90,970.32. Following the transaction, the insider now directly owns 32,458 shares of the company’s stock, valued at approximately $393,066.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.90% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of TREC. First Trust Advisors LP bought a new stake in Trecora Resources during the third quarter valued at $122,000. Oxford Asset Management bought a new stake in Trecora Resources during the fourth quarter valued at $160,000. Stanley Laman Group Ltd. raised its stake in Trecora Resources by 5.5% in the third quarter. Stanley Laman Group Ltd. now owns 15,460 shares of the company’s stock valued at $177,000 after buying an additional 800 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its stake in Trecora Resources by 7.2% in the third quarter. Grandeur Peak Global Advisors LLC now owns 208,100 shares of the company’s stock valued at $2,377,000 after buying an additional 14,050 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Trecora Resources by 0.6% in the fourth quarter. Renaissance Technologies LLC now owns 221,400 shares of the company’s stock valued at $3,066,000 after buying an additional 1,400 shares during the last quarter. 33.06% of the stock is currently owned by institutional investors and hedge funds.
Trecora Resources Company Profile
Trecora Resources, formerly Arabian American Development Company, 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.
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