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Matrix Service Stock Forecast, Price & News

+0.50 (+5.74 %)
(As of 09/18/2020 12:00 AM ET)
Today's Range
Now: $9.21
50-Day Range
MA: $9.03
52-Week Range
Now: $9.21
Volume535,801 shs
Average Volume201,730 shs
Market Capitalization$243.70 million
P/E RatioN/A
Dividend YieldN/A
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars

Industry, Sector and Symbol

Industry Construction - special trade contractors
Sub-IndustryOil & Gas Equipment & Services
Current SymbolNASDAQ:MTRX



Sales & Book Value

Annual Sales$1.10 billion
Cash Flow$3.21 per share
Book Value$11.78 per share


Net Income$-33,070,000.00


Market Cap$243.70 million
Next Earnings Date11/4/2020 (Estimated)
+0.50 (+5.74 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Matrix Service (NASDAQ:MTRX) Frequently Asked Questions

How has Matrix Service's stock been impacted by 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 stock has decreased by 16.8% and is now trading at $9.21.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of 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

When is Matrix Service's next earnings date?

Matrix Service is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Matrix Service

How were Matrix Service's earnings last quarter?

Matrix Service Co (NASDAQ:MTRX) posted its quarterly earnings results on Wednesday, September, 2nd. The oil and gas company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.10. Matrix Service had a positive return on equity of 3.33% and a negative net margin of 3.00%.
View Matrix Service's earnings history

What price target have analysts set for MTRX?

1 brokerages have issued 1-year price targets for Matrix Service's stock. Their forecasts range from $20.00 to $20.00. On average, they expect Matrix Service's share price to reach $20.00 in the next year. This suggests a possible upside of 117.2% from the stock's current price.
View analysts' price targets for Matrix Service

Are investors shorting Matrix Service?

Matrix Service saw a increase in short interest in August. As of August 31st, there was short interest totaling 437,000 shares, an increase of 10.9% from the August 15th total of 393,900 shares. Based on an average daily trading volume, of 148,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.7% of the company's stock are sold short.
View Matrix Service's Short Interest

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), Micron Technology (MU), Netflix (NFLX), Square (SQ), AT&T (T), Chipotle Mexican Grill (CMG), NIC (EGOV) and Home Depot (HD).

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 retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (4.83%), Smith Graham & Co. Investment Advisors LP (2.69%), Goldman Sachs Group Inc. (1.88%), Bank of Montreal Can (1.66%), Nordea Investment Management AB (1.60%) and Engine Capital Management LP (1.59%). Company insiders that own Matrix Service stock include Alan R Updyke, Bradley J Rinehart, James Harry Miller, 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 Russell Investments Group Ltd., Nuveen Asset Management LLC, Mutual of America Capital Management LLC, Goldman Sachs Group Inc., Prudential Financial Inc., Engineers Gate Manager LP, Charles Schwab Investment Management Inc., and Wedge Capital Management L L P NC.
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 Assenagon Asset Management S.A., Nordea Investment Management AB, Bank of Montreal Can, Adirondack Research & Management Inc., Foundry Partners LLC, Jacobs Levy Equity Management Inc., Smith Graham & Co. Investment Advisors LP, and Bank of America Corp DE.
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 $9.21.

How big of a company is Matrix Service?

Matrix Service has a market capitalization of $243.70 million and generates $1.10 billion in revenue each year. The oil and gas company earns $-33,070,000.00 in net income (profit) each year or $0.40 on an earnings per share basis. Matrix Service employs 2,900 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 9/19/2020 by MarketBeat.com Staff

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