Wall Street analysts expect that Trecora Resources (NYSE:TREC) will post earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Trecora Resources’ earnings, with estimates ranging from $0.02 to $0.05. Trecora Resources reported earnings per share of ($0.02) during the same quarter last year, which suggests a positive year over year growth rate of 300%. The firm is expected to report its next quarterly earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that Trecora Resources will report full-year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.22 to $0.26. For the next financial year, analysts forecast that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.28 to $0.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Trecora Resources.
Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.10 earnings per share for the quarter. The firm had revenue of $69.37 million for the quarter, compared to analysts’ expectations of $68.05 million. Trecora Resources had a positive return on equity of 0.16% and a negative net margin of 0.97%.
TREC stock traded up $0.03 during trading hours on Friday, hitting $8.79. 12,558 shares of the stock were exchanged, compared to its average volume of 40,835. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $223.18 million, a P/E ratio of 903.00 and a beta of 1.27. The company has a 50-day simple moving average of $9.41 and a two-hundred day simple moving average of $9.38. Trecora Resources has a 12 month low of $6.69 and a 12 month high of $14.45.
In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 13,176 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $9.61, for a total transaction of $126,621.36. Following the sale, the insider now directly owns 2,577,587 shares of the company’s stock, valued at approximately $24,770,611.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick D. Quarles bought 6,000 shares of Trecora Resources stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $9.91 per share, for a total transaction of $59,460.00. Following the completion of the acquisition, the chief executive officer now owns 76,000 shares in the company, valued at approximately $753,160. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 39,198 shares of company stock worth $383,262 and have sold 172,907 shares worth $1,669,419. Corporate insiders own 3.92% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Trecora Resources by 2.3% in the second quarter. Renaissance Technologies LLC now owns 52,985 shares of the basic materials company’s stock valued at $507,000 after buying an additional 1,200 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Trecora Resources by 503.8% in the first quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock valued at $39,000 after buying an additional 3,622 shares in the last quarter. Bank of America Corp DE boosted its stake in Trecora Resources by 56.0% in the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock valued at $111,000 after buying an additional 5,076 shares in the last quarter. Ridgewood Investments LLC boosted its stake in Trecora Resources by 35.8% in the second quarter. Ridgewood Investments LLC now owns 24,500 shares of the basic materials company’s stock valued at $234,000 after buying an additional 6,464 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Trecora Resources by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 91,584 shares of the basic materials company’s stock valued at $715,000 after buying an additional 6,760 shares in the last quarter. 44.30% of the stock is currently owned by institutional investors.
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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