Brokerages predict that Trecora Resources (NYSE:TREC) will post sales of $60.99 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Trecora Resources’ earnings, with the highest sales estimate coming in at $61.20 million and the lowest estimate coming in at $60.78 million. Trecora Resources reported sales of $74.67 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.3%. The company is expected to issue its next earnings results on Wednesday, March 4th.
On average, analysts expect that Trecora Resources will report full-year sales of $258.21 million for the current year, with estimates ranging from $258.02 million to $258.40 million. For the next financial year, analysts anticipate that the business will report sales of $274.75 million, with estimates ranging from $270.70 million to $278.80 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Trecora Resources.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Trecora Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. ValuEngine raised Trecora Resources from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.
A number of institutional investors have recently added to or reduced their stakes in TREC. Royce & Associates LP lifted its holdings in Trecora Resources by 12.8% in the fourth quarter. Royce & Associates LP now owns 1,146,023 shares of the basic materials company’s stock valued at $8,194,000 after acquiring an additional 129,972 shares during the period. Rutabaga Capital Management LLC MA lifted its holdings in Trecora Resources by 20.4% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 679,056 shares of the basic materials company’s stock valued at $4,855,000 after acquiring an additional 115,054 shares during the period. BlackRock Inc. lifted its holdings in Trecora Resources by 7.5% in the second quarter. BlackRock Inc. now owns 1,125,585 shares of the basic materials company’s stock valued at $10,771,000 after acquiring an additional 78,620 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Trecora Resources in the fourth quarter valued at $560,000. Finally, Tieton Capital Management LLC increased its position in shares of Trecora Resources by 7.3% in the fourth quarter. Tieton Capital Management LLC now owns 567,352 shares of the basic materials company’s stock valued at $4,057,000 after buying an additional 38,597 shares in the last quarter. 50.51% of the stock is owned by institutional investors.
Shares of TREC stock traded up $0.03 during trading hours on Friday, reaching $6.48. 31,554 shares of the stock were exchanged, compared to its average volume of 32,460. The business’s fifty day moving average is $6.96 and its two-hundred day moving average is $8.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.31 and a quick ratio of 2.80. Trecora Resources has a 12-month low of $6.37 and a 12-month high of $10.54. The firm has a market capitalization of $160.40 million, a P/E ratio of -215.93 and a beta of 1.19.
About Trecora Resources
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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