NASDAQ:MTRXMatrix Service Stock Price, Forecast & News

Matrix Service's stock was trading at $11.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MTRX stock has decreased by 4.6% and is now trading at $10.56. 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) released its earnings results on Wednesday, May, 6th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the Zacks' 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 negative net margin of 1.12% and a positive return on equity of 7.08%. View Matrix Service's earnings history.

2 Wall Street analysts have issued 1 year price targets for Matrix Service's stock. 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 twelve months. This suggests a possible upside of 113.1% from the stock's current price. View analysts' price targets for Matrix Service.

Headlines about MTRX stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Matrix Service earned a daily sentiment score of -1.6 on InfoTrie's scale. They also gave news coverage about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMatrix Service.

Matrix Service saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 465,700 shares, a decrease of 23.3% from the April 15th total of 607,100 shares. Based on an average daily trading volume, of 255,800 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.8% of the company's shares are short sold. 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), Oceaneering International (OII), Seacor (CKH), Helix Energy Solutions Group (HLX), Oil States International (OIS), Tidewater (TDW), Newpark Resources (NR), Geospace Technologies (GEOS), Era Group (ERA) 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 retail and institutional investors. Top institutional shareholders 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 purchased 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 $10.56.

Matrix Service has a market capitalization of $276.04 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]