View Past PerformanceThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsTrecora Resources 대차대조표 건전성재무 건전성 기준 점검 6/6핵심 정보20.45%부채/자본 비율US$40.85m부채이자보상배율5.8x현금US$31.94m자본US$199.75m총부채US$93.44m총자산US$293.20m최근 재무 건전성 업데이트분석 기사 • Sep 13Is Trecora Resources (NYSE:TREC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Feb 03Trecora Resources (NYSE:TREC) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...모든 업데이트 보기Recent updates공시 • Jun 26Trecora Resources(NYSE:TREC) dropped from Russell Microcap IndexTrecora Resources(NYSE:TREC) dropped from Russell Microcap Index공시 • Jun 25Balmoral Funds LLC completed the acquisition of Trecora Resources (NYSE:TREC).Balmoral Funds LLC entered into a definitive merger agreement to acquire Trecora Resources (NYSE:TREC) for approximately $240 million on May 11, 2022. Balmoral agreed to acquire Trecora for $9.81 per share in cash in a transaction that values Trecora at an enterprise value of $247 million, which represents approximately 11.4x Trecora 2021 adjusted EBITDA. Balmoral will commence a tender offer to acquire all outstanding shares of Trecora's common stock. Following the successful completion of the tender offer, Balmoral will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price. Balmoral Funds LLC has obtained equity committments of $123 million and debt financing commitments of $130 million senior secured term loan facility and $35.75 million revolving credit facility for the transactions contemplated by the Merger Agreement, the aggregate proceeds of which will be sufficient for Balmoral to pay the aggregate Offer Price and Merger Consideration. Upon termination of the Merger Agreement under specified circumstances, Trecora will be required to pay Balmoral a termination fee of $9.4 million. The Merger Agreement also provides that Balmoral will be required to pay Trecora a reverse termination fee of $10.7 million upon termination of the Merger Agreement under specified circumstances. Upon completion of the transaction, Trecora will become a privately held company and shares of Trecora Common Stock will no longer be listed on any market. Balmoral commenced the Offer on May 25, 2022. Subject to the terms and conditions of the Merger Agreement and the Offer, the Offer is initially scheduled to expire at 12:00 a.m., New York City time, on June 24, 2022 (one minute after 11:59 p.m. on the 20th business day following (and including the day of) the commencement of the Offer), unless the offer is extended or earlier terminated pursuant to the applicable provisions of the merger agreement. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of certain regulatory periods and the tender of shares representing at least a majority of Trecora's outstanding common stock to Balmoral. As of May 25, 2022, the parties have determined that a filing under the HSR Act is not required and desire to amend the Merger Agreement. The transaction was unanimously approved by the Trecora Board of Directors and have determined that the transaction is fair to and in the best interests of Trecora and its stockholders, and recommended that the stockholders of Trecora accept the Offer and tender their Shares in the Offer. The board of directors of Balmoral has approved the transaction. The transaction is expected to close in the third quarter of 2022. Guggenheim Securities acted as exclusive financial advisor and fairness opinion provider, and Benjamin Wills of Morgan, Lewis & Bockius LLP and Vinson & Elkins L.L.P. acted as the legal advisors to Trecora. Piper Sandler & Co. acted as financial advisor and Kipp B Cohen, James Barnes and Alan Lieblich of Blank Rome LLP acted as legal advisors to Balmoral. Balmoral Funds LLC completed the acquisition of Trecora Resources (NYSE:TREC) on June 24, 2022. The tender offer expired at 12:00 A.M., New York City time on June 24, 2022. As of the expiration of the tender offer, a total of 16,781,352 Shares were validly tendered and not withdrawn from the tender offer, representing approximately 70.73% of the aggregate voting power of the Shares. The number of Shares validly tendered and not withdrawn pursuant to the Offer satisfies the Minimum Condition. All conditions to the Offer having been satisfied or waived. As a result of its acceptance of the Shares tendered in the tender offer, Balmoral Funds LLC acquired a sufficient number of Shares to close the merger without the affirmative vote of stockholders of Trecora. In connection with the merger, the remaining outstanding shares will be converted into the right to receive $9.81 per Share in cash. As a result of the tender offer and the merger, Trecora will become a privately-held, indirect wholly-owned subsidiary of Balmoral and Trecora's common stock will cease trading on the New York Stock Exchange.Recent Insider Transactions • Jun 02Insider recently sold US$3.9m worth of stockOn the 27th of May, Bradley Radoff sold around 404k shares on-market at roughly US$9.72 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.4m more than they sold in the last 12 months.Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Janet Roemer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions Derivative • May 18Independent Chairman of the Board exercised options to buy US$125k worth of stock.On the 14th of May, Karen Twitchell exercised options to buy 13k shares at a strike price of around US$9.57, costing a total of US$125k. This transaction amounted to 33% of their direct individual holding at the time of the trade. Since June 2021, Karen has owned 38.93k shares directly. Company insiders have collectively bought US$6.3m more than they sold, via options and on-market transactions, in the last 12 months.공시 • May 13Balmoral Funds LLC entered into a definitive merger agreement to acquire Trecora Resources (NYSE:TREC) for approximately $240 million.Balmoral Funds LLC entered into a definitive merger agreement to acquire Trecora Resources (NYSE:TREC) for approximately $240 million on May 11, 2022. Balmoral agreed to acquire Trecora for $9.81 per share in cash in a transaction that values Trecora at an enterprise value of $247 million, which represents approximately 11.4x Trecora 2021 adjusted EBITDA. Balmoral will commence a tender offer to acquire all outstanding shares of Trecora's common stock. Following the successful completion of the tender offer, Balmoral will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price. Balmoral Funds LLC has obtained equity committments of $123 million and debt financing commitments of $130 million senior secured term loan facility and $35.75 million revolving credit facility for the transactions contemplated by the Merger Agreement, the aggregate proceeds of which will be sufficient for Balmoral to pay the aggregate Offer Price and Merger Consideration. Upon termination of the Merger Agreement under specified circumstances, Trecora will be required to pay Balmoral a termination fee of $9.4 million. The Merger Agreement also provides that Balmoral will be required to pay Trecora a reverse termination fee of $10.7 million upon termination of the Merger Agreement under specified circumstances. Upon completion of the transaction, Trecora will become a privately held company and shares of Trecora Common Stock will no longer be listed on any market. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of certain regulatory periods and the tender of shares representing at least a majority of Trecora's outstanding common stock to Balmoral. The transaction was unanimously approved by the Trecora Board of Directors and have determined that the transaction is fair to and in the best interests of Trecora and its stockholders, and recommended that the stockholders of Trecora accept the Offer and tender their Shares in the Offer. The board of directors of Balmoral has approved the transaction. The transaction is expected to close in the third quarter of 2022. Guggenheim Securities acted as exclusive financial advisor and fairness opinion provider, and Benjamin Wills of Morgan, Lewis & Bockius LLP and Vinson & Elkins L.L.P. acted as the legal advisors to Trecora. Piper Sandler & Co. acted as financial advisor and Kipp B Cohen and Alan Lieblich of Blank Rome LLP acted as legal advisor to Balmoral.Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: US$15.93 loss per share. Revenue: US$83.2m (up 52% from 1Q 2021). Net loss: US$376.0k (loss narrowed 92% from 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations.Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Janet Roemer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.분석 기사 • May 02Capital Allocation Trends At Trecora Resources (NYSE:TREC) Aren't IdealIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...공시 • Apr 26Trecora Resources to Report Q1, 2022 Results on May 04, 2022Trecora Resources announced that they will report Q1, 2022 results After-Market on May 04, 2022Recent Insider Transactions Derivative • Mar 24President exercised options and sold US$51k worth of stockOn the 18th of March, Patrick Quarles exercised options to acquire 6k shares at no cost and sold these for an average price of US$8.67 per share. This trade did not impact their existing holding. For the year to December 2018, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick's direct individual holding has increased from 253.31k shares to 307.41k. Company insiders have collectively bought US$6.3m more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Mar 10Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.20 (up from US$0.20 in FY 2020). Revenue: US$272.7m (up 31% from FY 2020). Net income: US$4.96m (flat on FY 2020). Profit margin: 1.8% (down from 2.4% in FY 2020). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Recent Insider Transactions Derivative • Mar 03President exercised options and sold US$67k worth of stockOn the 25th of February, Patrick Quarles exercised options to acquire 8k shares at no cost and sold these for an average price of US$8.90 per share. This trade did not impact their existing holding. For the year to December 2020, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick's direct individual holding has increased from 253.31k shares to 293.47k. Company insiders have collectively bought US$6.4m more than they sold, via options and on-market transactions, in the last 12 months.공시 • Feb 18Trecora Resources to Report Q4, 2021 Results on Mar 08, 2022Trecora Resources announced that they will report Q4, 2021 results After-Market on Mar 08, 2022Recent Insider Transactions Derivative • Feb 17President exercised options and sold US$107k worth of stockOn the 15th of February, Patrick Quarles exercised options to acquire 12k shares at no cost and sold these for an average price of US$8.77 per share. This trade did not impact their existing holding. For the year to December 2020, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick's direct individual holding has increased from 253.31k shares to 270.81k. Company insiders have collectively bought US$6.5m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions Derivative • Dec 08President exercised options and sold US$63k worth of stockOn the 3rd of December, Patrick Quarles exercised options to acquire 8k shares at no cost and sold these for an average price of US$8.41 per share. This trade did not impact their existing holding. For the year to December 2020, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick has owned 253.31k shares directly. Company insiders have collectively bought US$6.4m more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions • Nov 20Insider recently bought US$709k worth of stockOn the 16th of November, Bradley Radoff bought around 87k shares on-market at roughly US$8.15 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$4.2m. Insiders have collectively bought US$6.2m more in shares than they have sold in the last 12 months.분석 기사 • Nov 11Trecora Resources (NYSE:TREC) Could Be At Risk Of Shrinking As A CompanyWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS US$0.077 (vs US$0.045 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$74.6m (up 56% from 3Q 2020). Net income: US$1.88m (up 70% from 3Q 2020). Profit margin: 2.5% (up from 2.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Sep 25Insider recently bought US$1.1m worth of stockOn the 22nd of September, Bradley Radoff bought around 140k shares on-market at roughly US$8.18 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$4.2m. Insiders have collectively bought US$5.2m more in shares than they have sold in the last 12 months.분석 기사 • Sep 13Is Trecora Resources (NYSE:TREC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent Insider Transactions • Sep 11Insider recently bought US$4.2m worth of stockOn the 8th of September, Michael Torok bought around 516k shares on-market at roughly US$8.13 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.1m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Aug 11Insider recently sold US$3.9m worth of stockOn the 2nd of August, Fahad Bin Mohammad Bin Al-Athel sold around 472k shares on-market at roughly US$8.21 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS US$0.092 (vs US$0.075 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$68.8m (up 69% from 2Q 2020). Net income: US$2.26m (up US$4.11m from 2Q 2020). Profit margin: 3.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.공시 • Jun 28+ 5 more updatesTrecora Resources(NYSE:TREC) dropped from Russell 3000E Value IndexTrecora Resources(NYSE:TREC) dropped from Russell 3000E Value IndexRecent Insider Transactions Derivative • May 21Independent Chairman of the Board exercised options to buy US$106k worth of stock.On the 18th of May, Karen Twitchell exercised options to buy 13k shares at a strike price of around US$8.01, costing a total of US$106k. This transaction amounted to 52% of their direct individual holding at the time of the trade. Since March 2021, Karen has owned 25.68k shares directly. Company insiders have collectively bought US$267k more than they sold, via options and on-market transactions, in the last 12 months.Executive Departure • May 16Executive VP & Chief Manufacturing Officer has left the companyOn the 14th of May, John Townsend's tenure as Executive VP & Chief Manufacturing Officer ended after 3.0 years in the role. As of December 2020, John personally held 16.76k shares (US$117k worth at the time). A total of 2 executives have left over the last 12 months.분석 기사 • May 08Should Shareholders Reconsider Trecora Resources' (NYSE:TREC) CEO Compensation Package?The results at Trecora Resources ( NYSE:TREC ) have been quite disappointing recently and CEO Pat Quarles bears some...Reported Earnings • May 05First quarter 2021 earnings released: US$0.18 loss per share (vs US$0.24 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$54.6m (down 12% from 1Q 2020). Net loss: US$4.40m (down 175% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.분석 기사 • Mar 16We Think You Should Be Aware Of Some Concerning Factors In Trecora Resources' (NYSE:TREC) EarningsThe recent earnings posted by Trecora Resources ( NYSE:TREC ) were solid, but the stock didn't move as much as we...Reported Earnings • Mar 10Full year 2020 earnings released: EPS US$0.20 (vs US$0.52 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$208.6m (down 19% from FY 2019). Net income: US$4.97m (up US$17.9m from FY 2019). Profit margin: 2.4% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Mar 04New 90-day high: US$7.55The company is up 8.0% from its price of US$7.01 on 03 December 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 7.0% over the same period.공시 • Feb 26Trecora Resources to Report Q4, 2020 Results on Mar 08, 2021Trecora Resources announced that they will report Q4, 2020 results After-Market on Mar 08, 2021분석 기사 • Feb 24Should We Be Excited About The Trends Of Returns At Trecora Resources (NYSE:TREC)?What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Recent Insider Transactions Derivative • Feb 18President exercised options and sold US$88k worth of stockOn the 15th of February, Patrick Quarles exercised options to acquire 12k shares at no cost and sold these for an average price of US$7.18 per share. This trade did not impact their existing holding. For the year to December 2019, Patrick's total compensation was 26% salary and 74% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Patrick's direct individual holding has increased from 139.09k shares to 230.66k. Company insiders have collectively sold US$283k more than they bought, via options and on-market transactions in the last 12 months.Is New 90 Day High Low • Feb 06New 90-day high: US$7.31The company is up 13% from its price of US$6.47 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 11% over the same period.Recent Insider Transactions Derivative • Feb 04Insider exercised options and sold US$95k worth of stockOn the 1st of February, John Townsend exercised options to acquire 15k shares at no cost and sold these for an average price of US$6.33 per share. This trade did not impact their existing holding. Since March 2020, John's direct individual holding has decreased from 16.86k shares to 16.76k. Company insiders have collectively sold US$152k more than they bought, via options and on-market transactions in the last 12 months.분석 기사 • Feb 03Trecora Resources (NYSE:TREC) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Jan 13Reflecting on Trecora Resources' (NYSE:TREC) Share Price Returns Over The Last Three YearsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But its...Is New 90 Day High Low • Jan 06New 90-day high: US$7.27The company is up 5.0% from its price of US$6.93 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period.분석 기사 • Dec 23Do Insiders Own Lots Of Shares In Trecora Resources (NYSE:TREC)?A look at the shareholders of Trecora Resources ( NYSE:TREC ) can tell us which group is most powerful. Institutions...Recent Insider Transactions Derivative • Dec 06President exercised options and sold US$53k worth of stockOn the 3rd of December, Patrick Quarles exercised options to acquire 7.50k shares at no cost and sold these for an average price of US$7.01 per share. This trade did not impact their existing holding. For the year to December 2019, Patrick's total compensation was 26% salary and 74% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Patrick's direct individual holding has increased from 139.09k shares to 213.16k. Company insiders have collectively sold US$92k more than they bought, via options and on-market transactions in the last 12 months.분석 기사 • Dec 02Estimating The Intrinsic Value Of Trecora Resources (NYSE:TREC)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Trecora Resources...Is New 90 Day High Low • Dec 01New 90-day high: US$6.96The company is up 13% from its price of US$6.16 on 02 September 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period.Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS US$0.045The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$47.7m (down 24% from 3Q 2019). Net income: US$1.11m (down 30% from 3Q 2019). Profit margin: 2.3% (down from 2.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 108% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 06Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 1,660%. Over the next year, revenue is forecast to grow 3.4%, compared to a 2.8% growth forecast for the Chemicals industry in the US.공시 • Oct 15Trecora Resources to Report Q3, 2020 Results on Nov 03, 2020Trecora Resources announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 03, 2020Is New 90 Day High Low • Oct 07New 90-day high: US$6.65The company is up 17% from its price of US$5.67 on 08 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period.공시 • Oct 05Arabian American Development Company to Report Q4, 2009 Results on 03/11/2010Arabian American Development Company announced that they will report Q4, 2009 results on 03/11/2010공시 • Oct 02+ 1 more updateExisting shareholders of Al Masane Al Kobra Mining Co completed the acquisition of Al Masane Al Kobra Mining Co from Trecora Resources (NYSE:TREC).Existing shareholders of Al Masane Al Kobra Mining Co entered into a definitive agreement to acquire an unknown stake in Al Masane Al Kobra Mining Co from Trecora Resources (NYSE:TREC) on September 22, 2019. In a related transaction, Trecora has also agreed to sell substantially all of its stake in Al Masane to Al Masane. The aggregate gross purchase price is approximately $70 million. On March 23, 2020, the parties entered into an amendment agreement and completed the first closing by sale of 4,000,000 shares for aggregate gross proceeds of $10.7 million. The transaction will be completed in multiple closings. The purchasers have advanced 5% of the purchase price (or approximately $3.5 million) in the form of a non-refundable deposit, which deposit was a condition to the effectiveness of the agreement. For year ended December 31, 2018, Al Masane Al Kobra Mining Co recorded total shareholder’s equity of SAR 607 million ($161.8 million). On August 17, 2020, Trecora completed the sale of an additional aggregate 5,779,556 shares of Al Masane Al Kobra Mining Co for $15.4 million. After this sale Trecora further reduced its equity ownership interest in Al Masane Al Kobra Mining Co from 27.0% to 21.3%. After the transaction Trecora's ownership will be reduced from 21.3% to 0.7%. As of September 15, 2020, Trecora received proceeds of approximately $39.7 million. On September 28, 2020 Trecora Resources completed the Final Closing, which was with respect to an aggregate of 15,712,866 ordinary shares in AMAK to several Purchasers, for an aggregate purchase price of SAR 157 million (approximately US$41.8 million). The purchase price reflected SAR 149 million (approximately US$39.7 million) which was received previously, additional payments from the remaining Purchasers in the amount of SAR 4 million (approximately US$1.1 million) and 50% deposit previously paid to Trecora Resources related to the purchase of certain of the ordinary shares. As of September 28, 2020 Trecora Resource nominees to the board of directors of AMAK resigned effective upon completion of the Final Closing as required by the Purchase Agreement. The transaction is subject to certain governmental approvals, Ministry of Industry and Mineral Resources in Saudi Arabia and other customary closing conditions. The Ministry of Industry and Mineral Resources in Saudi Arabia approved the transaction recently. The transaction is expected to close in the fourth quarter of 2019. As of January 21, 2020, date for the closing of the transaction has been extended to March 31, 2020. As of March 27, 2020, the closing of the transaction has been extended to September 28, 2020. Trecora expects to receive net proceeds of approximately $60 million in cash, net of both US and Saudi taxes, as well as transaction expenses. Additionally, Trecora will explore options to use remaining proceeds to fund share repurchases, targeted growth opportunities as well as general corporate purposes. Citi acted as financial advisor and Baker & McKenzie LLP acted as the legal advisor to Trecora. Mamdouh Al Majed & Faisal Al-Enzi audited the balance sheets of Al Masane Al Kobra Mining Co. Existing shareholders of Al Masane Al Kobra Mining Co completed the acquisition of Al Masane Al Kobra Mining Co from Trecora Resources (NYSE:TREC) approximately $41.8 million September 28, 2020.공시 • Jul 17Trecora Resources to Report Q2, 2020 Results on Aug 04, 2020Trecora Resources announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 04, 2020재무 상태 분석단기부채: TREC 의 단기 자산 ( $89.3M )이 단기 부채( $27.4M ).장기 부채: TREC의 단기 자산($89.3M)이 장기 부채($66.0M)를 초과합니다.부채/자본 비율 추이 및 분석부채 수준: TREC 의 순부채 대 자기자본 비율( 4.5% )은 satisfactory로 간주됩니다.부채 감소: TREC의 부채 대비 자본 비율은 지난 5년 동안 50.6%에서 20.5%로 감소했습니다.부채 범위: TREC 의 부채는 영업 현금 흐름 ( 20.2% )에 의해 잘 충당되었습니다.이자 보장: TREC 의 부채에 대한 이자 지급은 EBIT(5.8x 적용 범위)로 잘 충당됩니다.대차대조표건전한 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/06/26 09:00종가2022/06/24 00:00수익2022/03/31연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Trecora Resources는 4명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sarkis SherbetchyanB. Riley Securities, Inc.Robert LabickCJS Securities, Inc.Joseph ReagorRoth Capital Partners1명의 분석가 더 보기
분석 기사 • Sep 13Is Trecora Resources (NYSE:TREC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Feb 03Trecora Resources (NYSE:TREC) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Jun 26Trecora Resources(NYSE:TREC) dropped from Russell Microcap IndexTrecora Resources(NYSE:TREC) dropped from Russell Microcap Index
공시 • Jun 25Balmoral Funds LLC completed the acquisition of Trecora Resources (NYSE:TREC).Balmoral Funds LLC entered into a definitive merger agreement to acquire Trecora Resources (NYSE:TREC) for approximately $240 million on May 11, 2022. Balmoral agreed to acquire Trecora for $9.81 per share in cash in a transaction that values Trecora at an enterprise value of $247 million, which represents approximately 11.4x Trecora 2021 adjusted EBITDA. Balmoral will commence a tender offer to acquire all outstanding shares of Trecora's common stock. Following the successful completion of the tender offer, Balmoral will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price. Balmoral Funds LLC has obtained equity committments of $123 million and debt financing commitments of $130 million senior secured term loan facility and $35.75 million revolving credit facility for the transactions contemplated by the Merger Agreement, the aggregate proceeds of which will be sufficient for Balmoral to pay the aggregate Offer Price and Merger Consideration. Upon termination of the Merger Agreement under specified circumstances, Trecora will be required to pay Balmoral a termination fee of $9.4 million. The Merger Agreement also provides that Balmoral will be required to pay Trecora a reverse termination fee of $10.7 million upon termination of the Merger Agreement under specified circumstances. Upon completion of the transaction, Trecora will become a privately held company and shares of Trecora Common Stock will no longer be listed on any market. Balmoral commenced the Offer on May 25, 2022. Subject to the terms and conditions of the Merger Agreement and the Offer, the Offer is initially scheduled to expire at 12:00 a.m., New York City time, on June 24, 2022 (one minute after 11:59 p.m. on the 20th business day following (and including the day of) the commencement of the Offer), unless the offer is extended or earlier terminated pursuant to the applicable provisions of the merger agreement. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of certain regulatory periods and the tender of shares representing at least a majority of Trecora's outstanding common stock to Balmoral. As of May 25, 2022, the parties have determined that a filing under the HSR Act is not required and desire to amend the Merger Agreement. The transaction was unanimously approved by the Trecora Board of Directors and have determined that the transaction is fair to and in the best interests of Trecora and its stockholders, and recommended that the stockholders of Trecora accept the Offer and tender their Shares in the Offer. The board of directors of Balmoral has approved the transaction. The transaction is expected to close in the third quarter of 2022. Guggenheim Securities acted as exclusive financial advisor and fairness opinion provider, and Benjamin Wills of Morgan, Lewis & Bockius LLP and Vinson & Elkins L.L.P. acted as the legal advisors to Trecora. Piper Sandler & Co. acted as financial advisor and Kipp B Cohen, James Barnes and Alan Lieblich of Blank Rome LLP acted as legal advisors to Balmoral. Balmoral Funds LLC completed the acquisition of Trecora Resources (NYSE:TREC) on June 24, 2022. The tender offer expired at 12:00 A.M., New York City time on June 24, 2022. As of the expiration of the tender offer, a total of 16,781,352 Shares were validly tendered and not withdrawn from the tender offer, representing approximately 70.73% of the aggregate voting power of the Shares. The number of Shares validly tendered and not withdrawn pursuant to the Offer satisfies the Minimum Condition. All conditions to the Offer having been satisfied or waived. As a result of its acceptance of the Shares tendered in the tender offer, Balmoral Funds LLC acquired a sufficient number of Shares to close the merger without the affirmative vote of stockholders of Trecora. In connection with the merger, the remaining outstanding shares will be converted into the right to receive $9.81 per Share in cash. As a result of the tender offer and the merger, Trecora will become a privately-held, indirect wholly-owned subsidiary of Balmoral and Trecora's common stock will cease trading on the New York Stock Exchange.
Recent Insider Transactions • Jun 02Insider recently sold US$3.9m worth of stockOn the 27th of May, Bradley Radoff sold around 404k shares on-market at roughly US$9.72 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.4m more than they sold in the last 12 months.
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Janet Roemer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions Derivative • May 18Independent Chairman of the Board exercised options to buy US$125k worth of stock.On the 14th of May, Karen Twitchell exercised options to buy 13k shares at a strike price of around US$9.57, costing a total of US$125k. This transaction amounted to 33% of their direct individual holding at the time of the trade. Since June 2021, Karen has owned 38.93k shares directly. Company insiders have collectively bought US$6.3m more than they sold, via options and on-market transactions, in the last 12 months.
공시 • May 13Balmoral Funds LLC entered into a definitive merger agreement to acquire Trecora Resources (NYSE:TREC) for approximately $240 million.Balmoral Funds LLC entered into a definitive merger agreement to acquire Trecora Resources (NYSE:TREC) for approximately $240 million on May 11, 2022. Balmoral agreed to acquire Trecora for $9.81 per share in cash in a transaction that values Trecora at an enterprise value of $247 million, which represents approximately 11.4x Trecora 2021 adjusted EBITDA. Balmoral will commence a tender offer to acquire all outstanding shares of Trecora's common stock. Following the successful completion of the tender offer, Balmoral will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price. Balmoral Funds LLC has obtained equity committments of $123 million and debt financing commitments of $130 million senior secured term loan facility and $35.75 million revolving credit facility for the transactions contemplated by the Merger Agreement, the aggregate proceeds of which will be sufficient for Balmoral to pay the aggregate Offer Price and Merger Consideration. Upon termination of the Merger Agreement under specified circumstances, Trecora will be required to pay Balmoral a termination fee of $9.4 million. The Merger Agreement also provides that Balmoral will be required to pay Trecora a reverse termination fee of $10.7 million upon termination of the Merger Agreement under specified circumstances. Upon completion of the transaction, Trecora will become a privately held company and shares of Trecora Common Stock will no longer be listed on any market. The closing of the transaction is subject to customary closing conditions, including the expiration or termination of certain regulatory periods and the tender of shares representing at least a majority of Trecora's outstanding common stock to Balmoral. The transaction was unanimously approved by the Trecora Board of Directors and have determined that the transaction is fair to and in the best interests of Trecora and its stockholders, and recommended that the stockholders of Trecora accept the Offer and tender their Shares in the Offer. The board of directors of Balmoral has approved the transaction. The transaction is expected to close in the third quarter of 2022. Guggenheim Securities acted as exclusive financial advisor and fairness opinion provider, and Benjamin Wills of Morgan, Lewis & Bockius LLP and Vinson & Elkins L.L.P. acted as the legal advisors to Trecora. Piper Sandler & Co. acted as financial advisor and Kipp B Cohen and Alan Lieblich of Blank Rome LLP acted as legal advisor to Balmoral.
Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: US$15.93 loss per share. Revenue: US$83.2m (up 52% from 1Q 2021). Net loss: US$376.0k (loss narrowed 92% from 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations.
Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Janet Roemer was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • May 02Capital Allocation Trends At Trecora Resources (NYSE:TREC) Aren't IdealIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
공시 • Apr 26Trecora Resources to Report Q1, 2022 Results on May 04, 2022Trecora Resources announced that they will report Q1, 2022 results After-Market on May 04, 2022
Recent Insider Transactions Derivative • Mar 24President exercised options and sold US$51k worth of stockOn the 18th of March, Patrick Quarles exercised options to acquire 6k shares at no cost and sold these for an average price of US$8.67 per share. This trade did not impact their existing holding. For the year to December 2018, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick's direct individual holding has increased from 253.31k shares to 307.41k. Company insiders have collectively bought US$6.3m more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Mar 10Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.20 (up from US$0.20 in FY 2020). Revenue: US$272.7m (up 31% from FY 2020). Net income: US$4.96m (flat on FY 2020). Profit margin: 1.8% (down from 2.4% in FY 2020). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Recent Insider Transactions Derivative • Mar 03President exercised options and sold US$67k worth of stockOn the 25th of February, Patrick Quarles exercised options to acquire 8k shares at no cost and sold these for an average price of US$8.90 per share. This trade did not impact their existing holding. For the year to December 2020, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick's direct individual holding has increased from 253.31k shares to 293.47k. Company insiders have collectively bought US$6.4m more than they sold, via options and on-market transactions, in the last 12 months.
공시 • Feb 18Trecora Resources to Report Q4, 2021 Results on Mar 08, 2022Trecora Resources announced that they will report Q4, 2021 results After-Market on Mar 08, 2022
Recent Insider Transactions Derivative • Feb 17President exercised options and sold US$107k worth of stockOn the 15th of February, Patrick Quarles exercised options to acquire 12k shares at no cost and sold these for an average price of US$8.77 per share. This trade did not impact their existing holding. For the year to December 2020, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick's direct individual holding has increased from 253.31k shares to 270.81k. Company insiders have collectively bought US$6.5m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions Derivative • Dec 08President exercised options and sold US$63k worth of stockOn the 3rd of December, Patrick Quarles exercised options to acquire 8k shares at no cost and sold these for an average price of US$8.41 per share. This trade did not impact their existing holding. For the year to December 2020, Patrick's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2021, Patrick has owned 253.31k shares directly. Company insiders have collectively bought US$6.4m more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions • Nov 20Insider recently bought US$709k worth of stockOn the 16th of November, Bradley Radoff bought around 87k shares on-market at roughly US$8.15 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$4.2m. Insiders have collectively bought US$6.2m more in shares than they have sold in the last 12 months.
분석 기사 • Nov 11Trecora Resources (NYSE:TREC) Could Be At Risk Of Shrinking As A CompanyWhen we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS US$0.077 (vs US$0.045 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$74.6m (up 56% from 3Q 2020). Net income: US$1.88m (up 70% from 3Q 2020). Profit margin: 2.5% (up from 2.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Sep 25Insider recently bought US$1.1m worth of stockOn the 22nd of September, Bradley Radoff bought around 140k shares on-market at roughly US$8.18 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$4.2m. Insiders have collectively bought US$5.2m more in shares than they have sold in the last 12 months.
분석 기사 • Sep 13Is Trecora Resources (NYSE:TREC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Recent Insider Transactions • Sep 11Insider recently bought US$4.2m worth of stockOn the 8th of September, Michael Torok bought around 516k shares on-market at roughly US$8.13 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.1m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Aug 11Insider recently sold US$3.9m worth of stockOn the 2nd of August, Fahad Bin Mohammad Bin Al-Athel sold around 472k shares on-market at roughly US$8.21 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS US$0.092 (vs US$0.075 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$68.8m (up 69% from 2Q 2020). Net income: US$2.26m (up US$4.11m from 2Q 2020). Profit margin: 3.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
공시 • Jun 28+ 5 more updatesTrecora Resources(NYSE:TREC) dropped from Russell 3000E Value IndexTrecora Resources(NYSE:TREC) dropped from Russell 3000E Value Index
Recent Insider Transactions Derivative • May 21Independent Chairman of the Board exercised options to buy US$106k worth of stock.On the 18th of May, Karen Twitchell exercised options to buy 13k shares at a strike price of around US$8.01, costing a total of US$106k. This transaction amounted to 52% of their direct individual holding at the time of the trade. Since March 2021, Karen has owned 25.68k shares directly. Company insiders have collectively bought US$267k more than they sold, via options and on-market transactions, in the last 12 months.
Executive Departure • May 16Executive VP & Chief Manufacturing Officer has left the companyOn the 14th of May, John Townsend's tenure as Executive VP & Chief Manufacturing Officer ended after 3.0 years in the role. As of December 2020, John personally held 16.76k shares (US$117k worth at the time). A total of 2 executives have left over the last 12 months.
분석 기사 • May 08Should Shareholders Reconsider Trecora Resources' (NYSE:TREC) CEO Compensation Package?The results at Trecora Resources ( NYSE:TREC ) have been quite disappointing recently and CEO Pat Quarles bears some...
Reported Earnings • May 05First quarter 2021 earnings released: US$0.18 loss per share (vs US$0.24 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$54.6m (down 12% from 1Q 2020). Net loss: US$4.40m (down 175% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
분석 기사 • Mar 16We Think You Should Be Aware Of Some Concerning Factors In Trecora Resources' (NYSE:TREC) EarningsThe recent earnings posted by Trecora Resources ( NYSE:TREC ) were solid, but the stock didn't move as much as we...
Reported Earnings • Mar 10Full year 2020 earnings released: EPS US$0.20 (vs US$0.52 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$208.6m (down 19% from FY 2019). Net income: US$4.97m (up US$17.9m from FY 2019). Profit margin: 2.4% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Mar 04New 90-day high: US$7.55The company is up 8.0% from its price of US$7.01 on 03 December 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 7.0% over the same period.
공시 • Feb 26Trecora Resources to Report Q4, 2020 Results on Mar 08, 2021Trecora Resources announced that they will report Q4, 2020 results After-Market on Mar 08, 2021
분석 기사 • Feb 24Should We Be Excited About The Trends Of Returns At Trecora Resources (NYSE:TREC)?What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Recent Insider Transactions Derivative • Feb 18President exercised options and sold US$88k worth of stockOn the 15th of February, Patrick Quarles exercised options to acquire 12k shares at no cost and sold these for an average price of US$7.18 per share. This trade did not impact their existing holding. For the year to December 2019, Patrick's total compensation was 26% salary and 74% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Patrick's direct individual holding has increased from 139.09k shares to 230.66k. Company insiders have collectively sold US$283k more than they bought, via options and on-market transactions in the last 12 months.
Is New 90 Day High Low • Feb 06New 90-day high: US$7.31The company is up 13% from its price of US$6.47 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is up 11% over the same period.
Recent Insider Transactions Derivative • Feb 04Insider exercised options and sold US$95k worth of stockOn the 1st of February, John Townsend exercised options to acquire 15k shares at no cost and sold these for an average price of US$6.33 per share. This trade did not impact their existing holding. Since March 2020, John's direct individual holding has decreased from 16.86k shares to 16.76k. Company insiders have collectively sold US$152k more than they bought, via options and on-market transactions in the last 12 months.
분석 기사 • Feb 03Trecora Resources (NYSE:TREC) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Jan 13Reflecting on Trecora Resources' (NYSE:TREC) Share Price Returns Over The Last Three YearsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But its...
Is New 90 Day High Low • Jan 06New 90-day high: US$7.27The company is up 5.0% from its price of US$6.93 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period.
분석 기사 • Dec 23Do Insiders Own Lots Of Shares In Trecora Resources (NYSE:TREC)?A look at the shareholders of Trecora Resources ( NYSE:TREC ) can tell us which group is most powerful. Institutions...
Recent Insider Transactions Derivative • Dec 06President exercised options and sold US$53k worth of stockOn the 3rd of December, Patrick Quarles exercised options to acquire 7.50k shares at no cost and sold these for an average price of US$7.01 per share. This trade did not impact their existing holding. For the year to December 2019, Patrick's total compensation was 26% salary and 74% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Patrick's direct individual holding has increased from 139.09k shares to 213.16k. Company insiders have collectively sold US$92k more than they bought, via options and on-market transactions in the last 12 months.
분석 기사 • Dec 02Estimating The Intrinsic Value Of Trecora Resources (NYSE:TREC)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Trecora Resources...
Is New 90 Day High Low • Dec 01New 90-day high: US$6.96The company is up 13% from its price of US$6.16 on 02 September 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period.
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS US$0.045The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$47.7m (down 24% from 3Q 2019). Net income: US$1.11m (down 30% from 3Q 2019). Profit margin: 2.3% (down from 2.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 108% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 06Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 1,660%. Over the next year, revenue is forecast to grow 3.4%, compared to a 2.8% growth forecast for the Chemicals industry in the US.
공시 • Oct 15Trecora Resources to Report Q3, 2020 Results on Nov 03, 2020Trecora Resources announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 03, 2020
Is New 90 Day High Low • Oct 07New 90-day high: US$6.65The company is up 17% from its price of US$5.67 on 08 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period.
공시 • Oct 05Arabian American Development Company to Report Q4, 2009 Results on 03/11/2010Arabian American Development Company announced that they will report Q4, 2009 results on 03/11/2010
공시 • Oct 02+ 1 more updateExisting shareholders of Al Masane Al Kobra Mining Co completed the acquisition of Al Masane Al Kobra Mining Co from Trecora Resources (NYSE:TREC).Existing shareholders of Al Masane Al Kobra Mining Co entered into a definitive agreement to acquire an unknown stake in Al Masane Al Kobra Mining Co from Trecora Resources (NYSE:TREC) on September 22, 2019. In a related transaction, Trecora has also agreed to sell substantially all of its stake in Al Masane to Al Masane. The aggregate gross purchase price is approximately $70 million. On March 23, 2020, the parties entered into an amendment agreement and completed the first closing by sale of 4,000,000 shares for aggregate gross proceeds of $10.7 million. The transaction will be completed in multiple closings. The purchasers have advanced 5% of the purchase price (or approximately $3.5 million) in the form of a non-refundable deposit, which deposit was a condition to the effectiveness of the agreement. For year ended December 31, 2018, Al Masane Al Kobra Mining Co recorded total shareholder’s equity of SAR 607 million ($161.8 million). On August 17, 2020, Trecora completed the sale of an additional aggregate 5,779,556 shares of Al Masane Al Kobra Mining Co for $15.4 million. After this sale Trecora further reduced its equity ownership interest in Al Masane Al Kobra Mining Co from 27.0% to 21.3%. After the transaction Trecora's ownership will be reduced from 21.3% to 0.7%. As of September 15, 2020, Trecora received proceeds of approximately $39.7 million. On September 28, 2020 Trecora Resources completed the Final Closing, which was with respect to an aggregate of 15,712,866 ordinary shares in AMAK to several Purchasers, for an aggregate purchase price of SAR 157 million (approximately US$41.8 million). The purchase price reflected SAR 149 million (approximately US$39.7 million) which was received previously, additional payments from the remaining Purchasers in the amount of SAR 4 million (approximately US$1.1 million) and 50% deposit previously paid to Trecora Resources related to the purchase of certain of the ordinary shares. As of September 28, 2020 Trecora Resource nominees to the board of directors of AMAK resigned effective upon completion of the Final Closing as required by the Purchase Agreement. The transaction is subject to certain governmental approvals, Ministry of Industry and Mineral Resources in Saudi Arabia and other customary closing conditions. The Ministry of Industry and Mineral Resources in Saudi Arabia approved the transaction recently. The transaction is expected to close in the fourth quarter of 2019. As of January 21, 2020, date for the closing of the transaction has been extended to March 31, 2020. As of March 27, 2020, the closing of the transaction has been extended to September 28, 2020. Trecora expects to receive net proceeds of approximately $60 million in cash, net of both US and Saudi taxes, as well as transaction expenses. Additionally, Trecora will explore options to use remaining proceeds to fund share repurchases, targeted growth opportunities as well as general corporate purposes. Citi acted as financial advisor and Baker & McKenzie LLP acted as the legal advisor to Trecora. Mamdouh Al Majed & Faisal Al-Enzi audited the balance sheets of Al Masane Al Kobra Mining Co. Existing shareholders of Al Masane Al Kobra Mining Co completed the acquisition of Al Masane Al Kobra Mining Co from Trecora Resources (NYSE:TREC) approximately $41.8 million September 28, 2020.
공시 • Jul 17Trecora Resources to Report Q2, 2020 Results on Aug 04, 2020Trecora Resources announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 04, 2020