Trecora Resources (TREC) Given Daily Coverage Optimism Rating of 0.09
Press coverage about Trecora Resources (NYSE:TREC) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trecora Resources earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.5178289747789 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Trecora Resources (NYSE TREC) traded up 0.78% on Friday, reaching $12.85. The company had a trading volume of 19,480 shares. The stock has a 50 day moving average of $11.83 and a 200 day moving average of $11.50. The firm has a market capitalization of $312.29 million, a PE ratio of 75.59 and a beta of 1.56. Trecora Resources has a 12 month low of $9.75 and a 12 month high of $14.80.
Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $62.12 million for the quarter, compared to the consensus estimate of $56.68 million. Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. On average, analysts anticipate that Trecora Resources will post $0.32 EPS for the current year.
TREC has been the topic of a number of recent analyst reports. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. B. Riley reiterated a “buy” rating and issued a $17.50 price objective on shares of Trecora Resources in a report on Wednesday, August 2nd. Singular Research dropped their price objective on Trecora Resources from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, April 27th. Zacks Investment Research upgraded Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, July 5th. Finally, BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Trecora Resources has an average rating of “Hold” and an average target price of $15.00.
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In other Trecora Resources news, Director Pamela R. Butcher purchased 2,750 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was purchased at an average price of $11.31 per share, for a total transaction of $31,102.50. Following the completion of the purchase, the director now directly owns 2,500 shares in the company, valued at $28,275. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mark D. Williamson sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $10.90, for a total transaction of $109,000.00. Following the transaction, the vice president now owns 24,277 shares of the company’s stock, valued at approximately $264,619.30. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.
Trecora Resources Company Profile
Trecora Resources is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. The Company operates through two segments: manufacturing of various specialty petrochemical products and manufacturing of specialty synthetic waxes. The specialty petrochemical products segment operates through South Hampton Resources, Inc (SHR).
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