StockNews.com assumed coverage on shares of Trecora Resources (NYSE:TREC – Get Rating) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the basic materials company’s stock.
TREC opened at $9.68 on Friday. The firm has a market cap of $228.94 million, a P/E ratio of 26.89 and a beta of 0.33. Trecora Resources has a 1-year low of $7.46 and a 1-year high of $9.79. The company has a 50 day simple moving average of $8.83 and a two-hundred day simple moving average of $8.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.26 and a quick ratio of 2.51.
Trecora Resources (NYSE:TREC – Get Rating) last posted its quarterly earnings results on Tuesday, March 8th. The basic materials company reported $0.21 earnings per share for the quarter. The business had revenue of $74.62 million during the quarter. Trecora Resources had a net margin of 2.98% and a return on equity of 4.50%.
Several institutional investors and hedge funds have recently bought and sold shares of the business. First Wilshire Securities Management Inc. boosted its position in shares of Trecora Resources by 1.0% in the first quarter. First Wilshire Securities Management Inc. now owns 470,863 shares of the basic materials company’s stock worth $3,984,000 after purchasing an additional 4,685 shares during the period. State Street Corp boosted its position in shares of Trecora Resources by 3.0% in the first quarter. State Street Corp now owns 73,849 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 2,171 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Trecora Resources by 92.4% during the first quarter. First Eagle Investment Management LLC now owns 81,274 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 39,035 shares during the last quarter. Capital Management Corp VA boosted its position in shares of Trecora Resources by 4.3% during the first quarter. Capital Management Corp VA now owns 609,284 shares of the basic materials company’s stock worth $5,155,000 after acquiring an additional 24,915 shares during the last quarter. Finally, Yacktman Asset Management LP boosted its position in shares of Trecora Resources by 1.1% during the first quarter. Yacktman Asset Management LP now owns 1,628,000 shares of the basic materials company’s stock worth $13,773,000 after acquiring an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.
Trecora Resources Company Profile (Get Rating)
Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
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