Trecora Resources (NYSE:TREC) Insider Buys $92,800.00 in Stock

Trecora Resources (NYSE:TREC) insider Patrick D. Quarles purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were purchased at an average price of $9.28 per share, with a total value of $92,800.00. Following the purchase, the insider now directly owns 9,370 shares in the company, valued at approximately $86,953.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TREC traded up $0.06 during trading on Friday, reaching $9.08. 6,162 shares of the company were exchanged, compared to its average volume of 44,042. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.31. Trecora Resources has a 12-month low of $6.69 and a 12-month high of $15.60.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.20). The company had revenue of $74.67 million for the quarter, compared to analysts’ expectations of $78.85 million. Trecora Resources had a positive return on equity of 0.12% and a negative net margin of 0.81%. Sell-side analysts anticipate that Trecora Resources will post 0.13 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of TREC. BNP Paribas Arbitrage SA lifted its holdings in Trecora Resources by 503.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 3,622 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Trecora Resources in the 4th quarter valued at about $90,000. Bank of America Corp DE raised its holdings in shares of Trecora Resources by 56.0% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 5,076 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Trecora Resources in the 1st quarter valued at about $164,000. Finally, Rhumbline Advisers raised its holdings in shares of Trecora Resources by 43.5% in the 4th quarter. Rhumbline Advisers now owns 29,777 shares of the basic materials company’s stock valued at $232,000 after acquiring an additional 9,030 shares in the last quarter. 48.35% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. B. Riley began coverage on Trecora Resources in a report on Tuesday, March 5th. They set a “buy” rating and a $14.00 price objective on the stock.

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Trecora Resources Company Profile

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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Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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