Trecora Resources (TREC) Receiving Somewhat Positive Media Coverage, Study Finds
News coverage about Trecora Resources (NYSE:TREC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trecora Resources earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.4601101059149 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Trecora Resources (TREC) opened at $12.00 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.66. The stock has a market cap of $291.67, a price-to-earnings ratio of 48.00 and a beta of 1.48. Trecora Resources has a fifty-two week low of $10.13 and a fifty-two week high of $14.80.
A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of Trecora Resources in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Trecora Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, TheStreet downgraded shares of Trecora Resources from a “b-” rating to a “c+” rating in a report on Friday, November 10th. One equities research 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 company has a consensus rating of “Hold” and an average price target of $14.75.
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In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $12.25, for a total transaction of $245,000.00. Following the transaction, the insider now directly owns 4,137,044 shares of the company’s stock, valued at approximately $50,678,789. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 730,170 shares of company stock worth $9,208,257 over the last ninety days. Insiders own 6.60% of the company’s stock.
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.
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