Wall Street analysts predict that Trecora Resources (NYSE:TREC) will post $78.85 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trecora Resources’ earnings. The lowest sales estimate is $75.00 million and the highest is $82.70 million. Trecora Resources posted sales of $65.98 million during the same quarter last year, which suggests a positive year over year growth rate of 19.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 6th.
According to Zacks, analysts expect that Trecora Resources will report full-year sales of $292.13 million for the current financial year, with estimates ranging from $288.26 million to $296.00 million. For the next financial year, analysts forecast that the business will report sales of $323.65 million, with estimates ranging from $316.00 million to $331.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Trecora Resources.
Several brokerages have recently commented on TREC. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. TheStreet cut Trecora Resources from a “b” rating to a “c+” rating in a research report on Thursday, October 18th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in Trecora Resources by 11.4% during the first quarter. Wells Fargo & Company MN now owns 49,320 shares of the basic materials company’s stock valued at $671,000 after buying an additional 5,050 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Trecora Resources by 14.0% during the first quarter. Dimensional Fund Advisors LP now owns 823,622 shares of the basic materials company’s stock valued at $11,201,000 after buying an additional 101,063 shares in the last quarter. Acadian Asset Management LLC bought a new position in Trecora Resources during the second quarter valued at about $378,000. Wedge Capital Management L L P NC raised its holdings in Trecora Resources by 241.6% during the second quarter. Wedge Capital Management L L P NC now owns 80,130 shares of the basic materials company’s stock valued at $1,190,000 after buying an additional 56,671 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA raised its holdings in Trecora Resources by 7.7% during the second quarter. Rutabaga Capital Management LLC MA now owns 456,641 shares of the basic materials company’s stock valued at $6,781,000 after buying an additional 32,501 shares in the last quarter. 48.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Trecora Resources stock opened at $8.21 on Friday. The firm has a market capitalization of $222.61 million, a PE ratio of 18.66 and a beta of 1.58. The company has a quick ratio of 1.58, a current ratio of 2.31 and a debt-to-equity ratio of 0.54. Trecora Resources has a 12 month low of $8.20 and a 12 month high of $15.60.
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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