News headlines about Trecora Resources (NYSE:TREC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. 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 0.11 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.9847341474589 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Trecora Resources breached its 50 day moving average in a Bullish Manner : TREC-US : October 27, 2017 (finance.yahoo.com)
- 10% Owner of Trecora Resources (NYSE:TREC), Al Athel Fahad Mohammed Saleh, sells 10,925 shares worth $135,361 (empowerednews.net)
- Athel Fahad Mohammed Saleh Al Sells 10,925 Shares of Trecora Resources (TREC) Stock (americanbankingnews.com)
- 10% Owner of Trecora Resources (NYSE:TREC), Al Athel Fahad Mohammed Saleh, sells 13,337 shares worth $166,979 (empowerednews.net)
- Athel Fahad Mohammed Saleh Al Sells 30,000 Shares of Trecora Resources (TREC) Stock (americanbankingnews.com)
Trecora Resources (NYSE TREC) traded down 0.40% during midday trading on Friday, hitting $12.60. The stock had a trading volume of 54,199 shares. Trecora Resources has a 52 week low of $9.75 and a 52 week high of $14.80. The firm has a market cap of $306.22 million, a P/E ratio of 74.12 and a beta of 1.58. The stock has a 50-day moving average of $12.72 and a 200-day moving average of $11.81.
Trecora Resources (NYSE:TREC) last posted 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 company had revenue of $62.12 million during 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%. Analysts forecast that Trecora Resources will post $0.31 EPS for the current fiscal year.
Several equities research analysts recently issued reports on TREC shares. Zacks Investment Research downgraded Trecora Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. B. Riley reissued a “buy” rating and issued a $17.00 price objective on shares of Trecora Resources in a research note on Monday, August 7th. BidaskClub downgraded Trecora Resources from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, TheStreet raised Trecora Resources from a “c” rating to a “b-” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Trecora Resources currently has a consensus rating of “Hold” and an average target price of $15.00.
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In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 20,000 shares of Trecora Resources stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $12.25, for a total value of $245,000.00. Following the completion of the transaction, the insider now directly owns 4,137,044 shares in the company, valued at approximately $50,678,789. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 661,750 shares of company stock valued at $8,357,467 over the last quarter. 6.60% of the stock is owned by company insiders.
Trecora Resources Company Profile
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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