Press coverage about Trecora Resources (NYSE:TREC) has trended somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trecora Resources earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.7223443131849 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.
Shares of Trecora Resources (NYSE TREC) traded up 0.82% during trading on Friday, reaching $12.30. 48,723 shares of the company’s stock were exchanged. The company has a market capitalization of $298.93 million, a P/E ratio of 72.35 and a beta of 1.56. The stock has a 50-day moving average price of $11.67 and a 200 day moving average price of $11.49. 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 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. Trecora Resources had a net margin of 1.34% and a return on equity of 2.00%. The firm had revenue of $62.12 million for the quarter, compared to analysts’ expectations of $56.68 million. Equities analysts expect that Trecora Resources will post $0.32 EPS for the current fiscal year.
TREC has been the subject of several recent research reports. Zacks Investment Research downgraded Trecora Resources from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Singular Research decreased their price objective on Trecora Resources from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, April 27th. TheStreet upgraded Trecora Resources from a “c” rating to a “b-” rating in a report on Monday, July 17th. B. Riley restated a “buy” rating and issued a $17.50 price objective on shares of Trecora Resources in a report on Monday, May 8th. 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 assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.
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In related news, Director Pamela R. Butcher acquired 2,750 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average price of $11.31 per share, for a total transaction of $31,102.50. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $28,275. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mark D. Williamson sold 10,000 shares of Trecora Resources stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $10.90, for a total value of $109,000.00. Following the completion of 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. Company insiders own 6.60% of the company’s stock.
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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