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NASDAQ:MTRXMatrix Service Stock Price, Forecast & News

$10.92
+0.97 (+9.75 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$9.87
Now: $10.92
$11.16
50-Day Range
$7.95
MA: $9.14
$10.96
52-Week Range
$7.11
Now: $10.92
$24.36
Volume286,191 shs
Average Volume231,898 shs
Market Capitalization$285.45 million
P/E RatioN/A
Dividend YieldN/A
Beta1.39
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

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.57 out of 5 stars


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$2.04 per share
Book Value$11.91 per share

Profitability

Net Income$27.98 million

Miscellaneous

Employees5,000
Market Cap$285.45 million
Next Earnings Date8/26/2020 (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. 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.

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, August 26th 2020. View our earnings forecast for Matrix Service.

How were Matrix Service's earnings last quarter?

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.

What price target have analysts set for MTRX?

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.

Has Matrix Service been receiving favorable news coverage?

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.

Are investors shorting Matrix 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.

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

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 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.

Which institutional investors are selling Matrix Service stock?

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.

Which institutional investors are buying Matrix Service stock?

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.

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 $10.92.

How big of a company is Matrix Service?

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.

What is Matrix Service's official website?

The official website for Matrix Service is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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