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

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

Matrix Service Co (NASDAQ:MTRX) announced its quarterly earnings data on Wednesday, November, 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by $0.04. The oil and gas company earned $338.10 million during the quarter, compared to analyst estimates of $344.21 million. Matrix Service had a net margin of 2.22% and a return on equity of 9.30%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. View Matrix Service's Earnings History.

Matrix Service is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Matrix Service.

Matrix Service issued an update on its FY20 earnings guidance on Wednesday, November, 6th. The company provided EPS guidance of $1.10-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.29. The company issued revenue guidance of $1.40-1.55 billion, compared to the consensus revenue estimate of $1.47 billion.

1 equities research analysts have issued 1-year price targets for Matrix Service's shares. Their forecasts range from $25.00 to $25.00. On average, they anticipate Matrix Service's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price. View Analyst Price Targets for Matrix Service.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matrix Service in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Matrix Service.

News articles about MTRX stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Matrix Service earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave news coverage about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Matrix Service.

Matrix Service saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 492,000 shares, an increase of 41.1% from the December 15th total of 348,700 shares. Based on an average daily volume of 173,600 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.9% of the company's shares are sold short. View Matrix Service's Current Options Chain.

Some companies that are related to Matrix Service include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Oceaneering International (OII), Helix Energy Solutions Group (HLX), RPC (RES), Oil States International (OIS), Seacor (CKH), Tidewater (TDW), Newpark Resources (NR), Geospace Technologies (GEOS), TETRA Technologies (TTI) and Era Group (ERA).

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).

Matrix Service's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.23%) and Louisiana State Employees Retirement System (0.03%). 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.

MTRX stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have sold Matrix Service company stock in the last year include Alan R Updyke, James Harry Miller, Joseph F Montalbano, Kevin S Cavanah, Nancy E Austin and Rick J Bennett. View Insider Buying and Selling for Matrix Service.

MTRX stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. View Insider Buying and Selling for 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.

One share of MTRX stock can currently be purchased for approximately $21.25.

Matrix Service has a market capitalization of $577.01 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.

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

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]