Headlines about Trecora Resources (NYSE:TREC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trecora Resources earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.6692079295625 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- Trecora Resources (TREC) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- $60.22 Million in Sales Expected for Trecora Resources (TREC) This Quarter (americanbankingnews.com)
- 10% Owner of Trecora Resources (NYSE:TREC), Al Athel Fahad Mohammed Saleh, sells 14,934 shares worth $184,435 (empowerednews.net)
- BRIEF-Fahad Al-Athel Reports Open Market Sale Of 4,363 Shares Of Trecora Resources’ Common Stock On Feb 20 (reuters.com)
- Zacks: Brokerages Expect Trecora Resources (TREC) to Post $0.09 EPS (americanbankingnews.com)
TREC has been the topic of several research reports. B. Riley reissued a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of Trecora Resources in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Finally, TheStreet downgraded Trecora Resources from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.75.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 31,463 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $13.23, for a total transaction of $416,255.49. Following the sale, the insider now directly owns 3,204,906 shares of the company’s stock, valued at approximately $42,400,906.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 164,553 shares of company stock worth $2,079,778 over the last ninety days. 6.60% of the stock is owned by insiders.
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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