Trecora Resources (NYSE:TREC) Given Daily News Impact Score of 0.13

News coverage about Trecora Resources (NYSE:TREC) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trecora Resources earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.955536653202 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

TREC has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating on shares of Trecora Resources in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Trecora Resources from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $14.67.

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Trecora Resources stock traded up $0.25 during midday trading on Thursday, reaching $13.95. 39,616 shares of the stock were exchanged, compared to its average volume of 57,932. The company has a current ratio of 1.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $326.92, a PE ratio of 31.70 and a beta of 1.34. Trecora Resources has a 52 week low of $10.13 and a 52 week high of $14.30.

Trecora Resources (NYSE:TREC) last posted its earnings results on Wednesday, March 7th. The basic materials company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $65.98 million for the quarter, compared to analyst estimates of $59.67 million. Trecora Resources had a net margin of 7.35% and a return on equity of 4.42%. research analysts forecast that Trecora Resources will post 0.81 earnings per share for the current year.

In other news, major shareholder Athel Fahad Mohammed Saleh Al sold 31,463 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.23, for a total value of $416,255.49. Following the transaction, the insider now 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 this link. Also, insider Nicholas Carter sold 10,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $13.74, for a total transaction of $137,400.00. Following the completion of the transaction, the insider now directly owns 477,536 shares in the company, valued at approximately $6,561,344.64. The disclosure for this sale can be found here. Insiders sold a total of 144,553 shares of company stock worth $1,848,478 in the last three months. Insiders own 6.60% of the company’s stock.

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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.

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

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