Trecora Resources (TREC) Receiving Somewhat Critical News Coverage, Study Finds
Media coverage about Trecora Resources (NYSE:TREC) has been trending somewhat negative this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trecora Resources earned a media sentiment score of -0.08 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 47.4940018653413 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
TREC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Trecora Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. TheStreet downgraded shares of Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, B. Riley restated a “buy” rating and issued a $16.00 price target (down from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.75.
Shares of Trecora Resources (NYSE:TREC) opened at $13.85 on Friday. Trecora Resources has a one year low of $10.13 and a one year high of $14.35. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. The firm has a market cap of $336.64, a P/E ratio of 106.55 and a beta of 1.47.
About Trecora Resources
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.
Receive News & Ratings for Trecora Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trecora Resources and related companies with MarketBeat.com's FREE daily email newsletter.