Trecora Resources (NYSE:TREC) – Stock analysts at B. Riley cut their Q3 2018 earnings per share (EPS) estimates for shares of Trecora Resources in a report released on Monday, October 29th. B. Riley analyst S. Sherbetchyan now expects that the basic materials company will post earnings per share of $0.10 for the quarter, down from their prior forecast of $0.18. B. Riley also issued estimates for Trecora Resources’ Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.43 EPS, Q2 2019 earnings at $0.25 EPS and Q3 2019 earnings at $0.27 EPS.
A number of other equities research analysts have also issued reports on TREC. Zacks Investment Research lowered shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. TheStreet lowered shares of Trecora Resources from a “b” rating to a “c+” rating in a report on Thursday, October 18th.
Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.07). Trecora Resources had a net margin of 7.58% and a return on equity of 4.84%. The firm had revenue of $68.11 million for the quarter, compared to analyst estimates of $70.30 million.
Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in Trecora Resources by 11.4% in the 1st 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 during the period. Royce & Associates LP increased its stake in Trecora Resources by 9.2% in the 2nd quarter. Royce & Associates LP now owns 518,100 shares of the basic materials company’s stock valued at $7,694,000 after buying an additional 43,500 shares during the period. Wedge Capital Management L L P NC increased its stake in Trecora Resources by 241.6% in the 2nd 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 during the period. Dimensional Fund Advisors LP increased its stake in Trecora Resources by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 899,562 shares of the basic materials company’s stock valued at $13,359,000 after buying an additional 75,940 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Trecora Resources in the 2nd quarter valued at approximately $378,000. Hedge funds and other institutional investors own 48.52% 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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