NASDAQ:MTRXMatrix Service Stock Price, Forecast & News

Matrix Service's stock was trading at $11.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTRX shares have decreased by 1.4% and is now trading at $10.92. View which stocks have been most impacted by Coronavirus.

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.

Matrix Service is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020. View our earnings forecast for Matrix Service.

Matrix Service Co (NASDAQ:MTRX) announced its earnings results on Wednesday, May, 6th. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by $0.10. The oil and gas company had revenue of $248.33 million for the quarter. Matrix Service had a positive return on equity of 7.08% and a negative net margin of 1.12%. View Matrix Service's earnings history.

2 analysts have issued 1 year price objectives for Matrix Service's shares. Their forecasts range from $20.00 to $25.00. On average, they expect Matrix Service's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 106.0% from the stock's current price. View analysts' price targets for Matrix Service.

Headlines about MTRX stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Matrix Service earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave media headlines about the oil and gas company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutMatrix Service.

Matrix Service saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 465,700 shares, a drop of 23.3% from the April 15th total of 607,100 shares. Based on an average trading volume of 255,800 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.8% 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), RPC (RES), Seacor (CKH), Oceaneering International (OII), Helix Energy Solutions Group (HLX), Oil States International (OIS), Tidewater (TDW), Newpark Resources (NR), Era Group (ERA), Geospace Technologies (GEOS) and Natural Gas Services Group (NGS). View all competitors.

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), Chipotle Mexican Grill (CMG), Continental Resources (CLR), Transocean (RIG), Athabasca Oil (ATH), General Motors (GM) and Accenture (ACN).

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

Matrix Service's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.46%), Russell Investments Group Ltd. (6.63%), JPMorgan Chase & Co. (5.04%), State Street Corp (3.58%), Smith Graham & Co. Investment Advisors LP (2.51%) and Nuveen Asset Management LLC (1.72%). 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 Wellington Management Group LLP, BlackRock Inc., Public Sector Pension Investment Board, Mutual of America Capital Management LLC, Acadian Asset Management LLC, Nuveen Asset Management LLC, Squarepoint Ops LLC, and Morgan Stanley. Company insiders that have sold Matrix Service company stock in the last year include Joseph F Montalbano, and Nancy E Austin. View insider buying and selling activity for Matrix Service.

MTRX stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Engine Capital Management LP, First Wilshire Securities Management Inc., Smith Graham & Co. Investment Advisors LP, Engineers Gate Manager LP, Dynamic Technology Lab Private Ltd, State Street Corp, and Deutsche Bank AG. View insider buying and selling activity 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 $10.92.

Matrix Service has a market capitalization of $285.45 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.

The official website for Matrix Service is 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]