Trecora Resources (TREC) Earning Somewhat Favorable News Coverage, Study Finds

News coverage about Trecora Resources (NYSE:TREC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. 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 sentiment score of 0.03 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 47.0121408294827 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

A number of equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $17.00 price target on shares of Trecora Resources in a report on Monday, August 7th. BidaskClub lowered Trecora Resources from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research raised Trecora Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.00.

Trecora Resources (NYSE:TREC) traded down 1.56% during midday trading on Tuesday, reaching $12.65. The company had a trading volume of 33,945 shares. The firm has a 50-day moving average price of $12.10 and a 200-day moving average price of $11.48. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80. The company has a market capitalization of $307.43 million, a price-to-earnings ratio of 74.41 and a beta of 1.56.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Trecora Resources had a return on equity of 3.94% and a net margin of 0.97%. The business had revenue of $62.12 million during the quarter, compared to analysts’ expectations of $56.68 million. Analysts expect that Trecora Resources will post $0.32 EPS for the current fiscal year.

In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $12.20, for a total transaction of $122,000.00. Following the completion of the transaction, the insider now owns 4,157,044 shares of the company’s stock, valued at approximately $50,715,936.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela R. Butcher acquired 2,750 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $11.31 per share, with a total value of $31,102.50. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at $28,275. The disclosure for this purchase can be found here. Insiders sold a total of 170,000 shares of company stock valued at $2,075,200 in the last quarter. 6.60% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This report was published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/2887330/trecora-resources-trec-earning-somewhat-favorable-news-coverage-study-finds.html.

About Trecora Resources

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).

Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.