Trecora Resources (NYSE:TREC) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.33.
A number of brokerages recently commented on TREC. TheStreet lowered Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded Trecora Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, B. Riley reiterated a “buy” rating and issued a $16.00 target price (down previously from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $12.82, for a total value of $384,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 634,712 shares of company stock worth $8,047,590. Insiders own 6.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Trecora Resources by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,248 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 54 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Trecora Resources by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,392 shares of the basic materials company’s stock worth $623,000 after purchasing an additional 672 shares in the last quarter. Rhumbline Advisers boosted its position in Trecora Resources by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 24,132 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 1,735 shares in the last quarter. Stanley Laman Group Ltd. boosted its position in Trecora Resources by 6.8% in the 2nd quarter. Stanley Laman Group Ltd. now owns 30,770 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Trecora Resources by 2.8% during the 1st quarter. Geode Capital Management LLC now owns 142,410 shares of the basic materials company’s stock valued at $1,580,000 after buying an additional 3,889 shares in the last quarter. Institutional investors and hedge funds own 42.73% of the company’s stock.
Trecora Resources (NYSE:TREC) opened at $12.60 on Friday. Trecora Resources has a fifty-two week low of $10.13 and a fifty-two week high of $14.80. 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 $306.26, a PE ratio of 51.40 and a beta of 1.47.
Trecora Resources Company Profile
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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