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.
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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