News coverage about Trecora Resources (NYSE:TREC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trecora Resources earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.4928631219989 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Trecora Resources stock opened at $13.75 on Friday. Trecora Resources has a 1-year low of $10.13 and a 1-year high of $14.30. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 1.82. The firm has a market capitalization of $334.21, a price-to-earnings ratio of 31.25 and a beta of 1.34.
Trecora Resources (NYSE:TREC) last posted its quarterly earnings results on Wednesday, March 7th. The basic materials company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. Trecora Resources had a return on equity of 4.42% and a net margin of 7.35%. The company had revenue of $65.98 million for the quarter, compared to analysts’ expectations of $59.67 million. analysts anticipate that Trecora Resources will post 0.81 earnings per share for the current fiscal year.
A number of research firms have weighed in on TREC. TheStreet upgraded Trecora Resources from a “c+” rating to a “b-” rating in a research note on Thursday. Zacks Investment Research cut Trecora Resources from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Finally, B. Riley restated a “buy” rating on shares of Trecora Resources in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.67.
In other Trecora Resources news, insider Nicholas Carter sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $13.74, for a total transaction of $137,400.00. Following the transaction, the insider now owns 477,536 shares of the company’s stock, valued at $6,561,344.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $12.82, for a total value of $384,600.00. Following the transaction, the insider now directly owns 3,163,565 shares in the company, valued at approximately $40,556,903.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,553 shares of company stock worth $1,848,478. 6.60% of the stock is owned by insiders.
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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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