Somewhat Favorable News Coverage Somewhat Unlikely to Impact Trecora Resources (TREC) Share Price
Media coverage about Trecora Resources (NYSE:TREC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trecora Resources earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.8812832434347 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Trecora Resources (TREC) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- BRIEF-Fahad Mohammed Saleh Al-Athel sells 20,000 shares of Trecora Resources’ common stock on Sept 21 (reuters.com)
- Analyzing Chemours Company (The) (CC) and Trecora Resources (TREC) (americanbankingnews.com)
- Trecora Resources (TREC) vs. Chemours Company (The) (CC) Head-To-Head Comparison (americanbankingnews.com)
- 10% Owner of Trecora Resources (NYSE:TREC), Al Athel Fahad Mohammed Saleh, sells 20,000 shares worth $253,400 (empowerednews.net)
Several analysts have recently commented on TREC shares. TheStreet upgraded shares of Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. B. Riley restated a “buy” rating and issued a $17.00 target price on shares of Trecora Resources in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, July 5th. Finally, BidaskClub cut shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.00.
Shares of Trecora Resources (TREC) remained flat at $12.75 during mid-day trading on Friday. 36,545 shares of the stock traded hands. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80. The firm has a market capitalization of $309.86 million, a price-to-earnings ratio of 75.00 and a beta of 1.56. The stock has a 50-day moving average of $12.29 and a 200-day moving average of $11.51.
Trecora Resources (NYSE:TREC) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $62.12 million during the quarter, compared to analyst estimates of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. Equities research analysts expect that Trecora Resources will post $0.31 EPS for the current fiscal year.
In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $12.25, for a total value of $245,000.00. Following the completion of the sale, the insider now owns 4,137,044 shares of the company’s stock, valued at $50,678,789. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 330,000 shares of company stock valued at $4,106,600 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.
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Trecora Resources Company Profile
Trecora Resources (TREC) is a provider of high-purity specialty hydrocarbons and waxes. TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. The Company operates through two segments: specialty petrochemical products and specialty synthetic waxes.
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