Brokerages Anticipate Trecora Resources (NYSE:TREC) to Announce -$0.02 EPS

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Analysts expect Trecora Resources (NYSE:TREC) to post earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Trecora Resources’ earnings, with estimates ranging from ($0.03) to $0.00. Trecora Resources posted earnings per share of ($0.14) during the same quarter last year, which indicates a positive year over year growth rate of 85.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 4th.

According to Zacks, analysts expect that Trecora Resources will report full-year earnings of $0.16 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.42 per share, with EPS estimates ranging from $0.38 to $0.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Trecora Resources.

TREC has been the topic of several recent research reports. ValuEngine upgraded shares of Trecora Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Zacks Investment Research downgraded shares of Trecora Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

TREC traded up $0.03 during trading on Friday, hitting $6.48. The company’s stock had a trading volume of 31,554 shares, compared to its average volume of 32,460. The company has a quick ratio of 2.80, a current ratio of 3.31 and a debt-to-equity ratio of 0.50. Trecora Resources has a one year low of $6.37 and a one year high of $10.54. The firm has a market cap of $160.40 million, a PE ratio of -215.93 and a beta of 1.19. The business’s 50 day simple moving average is $6.96 and its 200-day simple moving average is $8.09.

In other Trecora Resources news, Director Nicholas Carter sold 5,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $7.10, for a total value of $35,500.00. Following the transaction, the director now directly owns 523,590 shares in the company, valued at $3,717,489. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 23,446 shares of company stock worth $163,151 over the last quarter. Insiders own 3.92% of the company’s stock.

Several hedge funds have recently made changes to their positions in TREC. BlackRock Inc. raised its position in shares of Trecora Resources by 7.5% during the 2nd quarter. BlackRock Inc. now owns 1,125,585 shares of the basic materials company’s stock valued at $10,771,000 after purchasing an additional 78,620 shares during the period. Vanguard Group Inc. raised its position in shares of Trecora Resources by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 988,036 shares of the basic materials company’s stock valued at $9,456,000 after purchasing an additional 24,241 shares during the period. Rhumbline Advisers raised its position in shares of Trecora Resources by 8.7% during the 3rd quarter. Rhumbline Advisers now owns 33,746 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 2,691 shares during the period. California Public Employees Retirement System raised its position in shares of Trecora Resources by 5.3% during the 3rd quarter. California Public Employees Retirement System now owns 51,291 shares of the basic materials company’s stock valued at $463,000 after purchasing an additional 2,600 shares during the period. Finally, Monarch Partners Asset Management LLC raised its position in shares of Trecora Resources by 13.5% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 72,175 shares of the basic materials company’s stock valued at $651,000 after purchasing an additional 8,560 shares during the period. Hedge funds and other institutional investors own 50.51% of the company’s stock.

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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