Trecora Resources (NYSE:TREC) CEO Patrick D. Quarles purchased 5,257 shares of Trecora Resources stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $9.49 per share, with a total value of $49,888.93. Following the transaction, the chief executive officer now directly owns 55,257 shares of the company’s stock, valued at $524,388.93. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Trecora Resources stock traded up $0.04 during trading on Friday, reaching $9.86. The company’s stock had a trading volume of 806 shares, compared to its average volume of 46,103. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. Trecora Resources has a one year low of $6.69 and a one year high of $15.60.
Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The business had revenue of $65.16 million for the quarter, compared to analyst estimates of $71.10 million. Trecora Resources had a positive return on equity of 0.12% and a negative net margin of 0.81%. As a group, research analysts predict that Trecora Resources will post 0.13 earnings per share for the current year.
A number of research firms have recently commented on TREC. Zacks Investment Research upgraded Trecora Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday. B. Riley began coverage on Trecora Resources in a research note on Tuesday, March 5th. They issued 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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