Media stories about Trecora Resources (NYSE:TREC) have been trending somewhat negative on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. 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 daily sentiment score of -0.02 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.6509536002942 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Trecora Resources (TREC) opened at $13.50 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. Trecora Resources has a 12 month low of $10.13 and a 12 month high of $14.80. The firm has a market capitalization of $328.13, a price-to-earnings ratio of 54.00 and a beta of 1.47.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Trecora Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. TheStreet cut Trecora Resources from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Finally, B. Riley reiterated a “buy” rating and set a $16.00 price objective (down previously from $17.00) on shares of Trecora Resources in a research note on Wednesday, November 8th. 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 presently has an average rating of “Hold” and an average price target of $14.75.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 8,534 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $12.98, for a total value of $110,771.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 291,096 shares of company stock worth $3,652,340. Insiders own 6.60% of the company’s stock.
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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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