Roth Capital Impressed by Trecora Resources (TREC) After Site Visit

Roth Capital maintains a Buy rating and $17.00 price target on Trecora Resources (NYSE: TREC) following a visit to Trecora Chemical Facility. observations support Roth's forward estimates.

Roth Capital analyst, Joe Reagor, commented on the visit, saying, "On May 7, 2015, we visited TREC's Trecora Chemical facility in Pasadena, TX. We came away impressed with the improvements TREC has made in just seven months since acquiring the business. We were able to examine before and after samples of a number of wax products and we were able to tour both the toll processing and wax production facilities. However, we believe the most important observation was the attitude of the employees, who were clearly excited to be part of the TREC team, in our view."

Reagor also added, "We believe our observations at Trecora Chemical support our prior expectations of improving pricing and sales volumes moving forward. Thus, we have made no adjustments to our model for TREC and we are maintaining our Buy rating and $17 price target.

For an analyst ratings summary and ratings history on Trecora Resources click here. For more ratings news on Trecora Resources click here.

Shares of Trecora Resources closed at $11.93 yesterday.

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