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NASDAQ:MTRX - Matrix Service Stock Price, Forecast & News

$9.07
+0.01 (+0.11 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$8.57
Now: $9.07
$9.46
50-Day Range
$7.46
MA: $12.14
$15.10
52-Week Range
$7.11
Now: $9.07
$24.36
Volume250,090 shs
Average Volume309,511 shs
Market Capitalization$241.99 million
P/E RatioN/A
Dividend YieldN/A
Beta1.45
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants and natural gas fired power stations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and emergency and storm restoration services to investor owned utilities. Its Oil Gas & Chemical segment provides turnaround, plant maintenance, engineering, and capital construction services for the downstream and midstream petroleum industries; and hydro blasting, hydro excavating, advanced chemical cleaning, and vacuum services, as well as performs work in the petrochemical, upstream petroleum, and sulfur extraction, recovery, and processing markets. The company's Storage Solutions segment undertakes work related to aboveground storage tanks and terminals; and provides planned and emergency services. This segment also undertakes work related to liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, and other specialty vessels, including spheres; and provides geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Its Industrial segment works for iron and steel, mining and minerals, aerospace and defense, cement, agriculture and grain, food, and other industries, as well as performs work in bulk material handling systems. The company was founded in 1984 and is headquartered in Tulsa, Oklahoma.
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Matrix Service logo

Industry, Sector and Symbol

Industry Construction - special trade contractors
Sub-IndustryOil & Gas Equipment & Services
SectorOils/Energy
Current SymbolNASDAQ:MTRX
CUSIP57685310
Phone918-838-8822

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.42 billion
Cash Flow$1.72 per share
Book Value$13.13 per share

Profitability

Net Income$27.98 million

Miscellaneous

Employees5,000
Market Cap$241.99 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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Matrix Service (NASDAQ:MTRX) Frequently Asked Questions

How has Matrix Service's stock been impacted by COVID-19 (Coronavirus)?

Matrix Service's stock was trading at $11.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MTRX shares have decreased by 18.1% and is now trading at $9.07. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Matrix Service?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matrix Service in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Matrix Service.

When is Matrix Service's next earnings date?

Matrix Service is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Matrix Service.

How were Matrix Service's earnings last quarter?

Matrix Service Co (NASDAQ:MTRX) issued its earnings results on Wednesday, February, 5th. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.12. The oil and gas company had revenue of $318.68 million for the quarter, compared to the consensus estimate of $365.61 million. Matrix Service had a positive return on equity of 9.68% and a negative net margin of 0.01%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. View Matrix Service's earnings history.

What guidance has Matrix Service issued on next quarter's earnings?

Matrix Service updated its FY20 earnings guidance on Wednesday, February, 5th. The company provided earnings per share (EPS) guidance of $0.70-0.90 for the period, compared to the Thomson Reuters consensus estimate of $1.25. The company issued revenue guidance of $1.2-1.3 billion, compared to the consensus revenue estimate of $1.43 billion.

What price target have analysts set for MTRX?

2 equities research analysts have issued 12-month target prices for Matrix Service's shares. Their forecasts range from $20.00 to $25.00. On average, they expect Matrix Service's share price to reach $22.50 in the next year. This suggests a possible upside of 148.1% from the stock's current price. View analysts' price targets for Matrix Service.

Has Matrix Service been receiving favorable news coverage?

Media coverage about MTRX stock has trended extremely negative recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Matrix Service earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutMatrix Service.

Are investors shorting Matrix Service?

Matrix Service saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 851,600 shares, an increase of 8.7% from the February 27th total of 783,500 shares. Based on an average daily volume of 256,700 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.3% of the company's shares are sold short. View Matrix Service's Current Options Chain.

Who are some of Matrix Service's key competitors?

What other stocks do shareholders of Matrix Service own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Matrix Service investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), NIC (EGOV), Continental Resources (CLR), Chipotle Mexican Grill (CMG), Transocean (RIG), Micron Technology (MU), General Motors (GM) and Athabasca Oil (ATH).

Who are Matrix Service's key executives?

Matrix Service's management team includes the following people:
  • Mr. John R. Hewitt, CEO, Pres & Director (Age 61)
  • Mr. Kevin S. Cavanah, VP of Fin., CFO, Sec. & Treasurer (Age 55)
  • Mr. Joseph F. Montalbano, COO & VP (Age 70)
  • Mr. Jason W. Turner, Pres of Matrix North American Construction (Age 48)
  • Mr. Quinton Beasley, VP of Accounting

What is Matrix Service's stock symbol?

Matrix Service trades on the NASDAQ under the ticker symbol "MTRX."

Who are Matrix Service's major shareholders?

Matrix Service's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (3.89%), State Street Corp (3.32%), Prudential Financial Inc. (2.50%), Charles Schwab Investment Management Inc. (2.23%), Goldman Sachs Group Inc. (2.25%) and Smith Graham & Co. Investment Advisors LP (2.05%). Company insiders that own Matrix Service stock include Alan R Updyke, Bradley J Rinehart, James Harry Miller, James P Ryan, Jason W Turner, John R Hewitt, Joseph F Montalbano, Kevin S Cavanah, Nancy E Austin, Rick J Bennett and Tom E Maxwell. View institutional ownership trends for Matrix Service.

Which institutional investors are selling Matrix Service stock?

MTRX stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management LLP, Mackay Shields LLC, Prudential Financial Inc., Foundry Partners LLC, Dupont Capital Management Corp, AQR Capital Management LLC, Rutabaga Capital Management LLC MA, and Man Group plc. Company insiders that have sold Matrix Service company stock in the last year include James Harry Miller, Joseph F Montalbano, Kevin S Cavanah, and Nancy E Austin. View insider buying and selling activity for Matrix Service.

Which institutional investors are buying Matrix Service stock?

MTRX stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Hotchkis & Wiley Capital Management LLC, Principal Financial Group Inc., Mutual of America Capital Management LLC, Nuveen Asset Management LLC, Bank of Montreal Can, Jacobs Levy Equity Management Inc., and State Street Corp. View insider buying and selling activity for Matrix Service.

How do I buy shares of Matrix Service?

Shares of MTRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Matrix Service's stock price today?

One share of MTRX stock can currently be purchased for approximately $9.07.

How big of a company is Matrix Service?

Matrix Service has a market capitalization of $241.99 million and generates $1.42 billion in revenue each year. The oil and gas company earns $27.98 million in net income (profit) each year or $1.01 on an earnings per share basis. Matrix Service employs 5,000 workers across the globe. View additional information about Matrix Service.

What is Matrix Service's official website?

The official website for Matrix Service is http://www.matrixservicecompany.com/.

How can I contact Matrix Service?

Matrix Service's mailing address is 5100 EAST SKELLY DRIVE SUITE 500, TULSA OK, 74135. The oil and gas company can be reached via phone at 918-838-8822 or via email at [email protected]


MarketBeat Community Rating for Matrix Service (NASDAQ MTRX)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  278 (Thanks for Voting!)
Underperform Votes:  392 (Thanks for Voting!)
Total Votes:  670
MarketBeat's community ratings are surveys of what our community members think about Matrix Service and other stocks. Vote "Outperform" if you believe MTRX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTRX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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