Trecora Resources (NYSE:TREC) insider Patrick D. Quarles purchased 7,389 shares of Trecora Resources stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $9.64 per share, with a total value of $71,229.96. Following the acquisition, the insider now directly owns 94,205 shares of the company’s stock, valued at approximately $908,136.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE:TREC traded down $0.02 during trading on Monday, reaching $9.55. 75,000 shares of the stock were exchanged, compared to its average volume of 46,888. The company has a quick ratio of 1.48, a current ratio of 2.15 and a debt-to-equity ratio of 0.60. Trecora Resources has a 12 month low of $6.69 and a 12 month high of $15.60. The company’s 50-day moving average is $9.60.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.12. The business had revenue of $65.16 million during the quarter, compared to the consensus estimate of $71.10 million. Trecora Resources had a negative net margin of 1.04% and a negative return on equity of 0.07%. Equities research analysts expect that Trecora Resources will post 0.14 earnings per share for the current year.
TREC has been the subject of a number of research analyst reports. B. Riley initiated coverage on Trecora Resources in a report on Tuesday, March 5th. They set a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded Trecora Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th.
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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