NASDAQ:MTRX

Matrix Service - MTRX Stock Forecast, Price & News

$5.44

-0.15 (-2.68%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $5.41
▼
$5.71
50-Day Range: $4.45
▼
$6.75
52-Week Range: $4.24
▼
$11.76

Volume: 81,321 shs
Average Volume: 370,962 shs
Market Capitalization: $145.74 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Matrix Service MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.41
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.90) to ($0.03) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.79 out of 5 stars

Oils/Energy Sector

201st out of 257 stocks

Construction - Special Trade Contractors Industry

7th out of 8 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Matrix Service.

3.0

Short Interest

Percentage of Shares Shorted
1.53% of the float of Matrix Service has been sold short.
Short Interest Ratio / Days to Cover
Matrix Service has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Matrix Service has recently increased by 16.32%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Matrix Service does not currently pay a dividend.
Dividend Growth
Matrix Service does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTRX.

3.6

News and Social Media Coverage

News Sentiment
Matrix Service has a news sentiment score of 1.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Matrix Service this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for MTRX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Matrix Service to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matrix Service insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.80% of the stock of Matrix Service is held by insiders.
Percentage Held by Institutions
88.69% of the stock of Matrix Service is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Matrix Service are expected to grow in the coming year, from ($1.90) to ($0.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matrix Service is -1.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Matrix Service is -1.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Matrix Service has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Matrix Service (NASDAQ:MTRX) Stock

Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. This segment also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations. The Process and Industrial Facilities segment engages in the crude oil refining; processing, fractionating, and marketing of natural gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction service. The Storage and Terminal Solutions segment undertakes work related to aboveground storage tanks and terminals; engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; and liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen, and other specialty vessels, which comprise spheres, as well as marine structures, and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Guggenheim upgraded Matrix Service from a "neutral" rating to a "buy" rating in a research note on Friday, May 20th. StockNews.com upgraded Matrix Service from a "sell" rating to a "hold" rating in a research note on Friday, July 1st.

Matrix Service Stock Down 4.3 %

NASDAQ:MTRX opened at $5.59 on Tuesday. The business's 50 day moving average is $5.33 and its two-hundred day moving average is $6.41. Matrix Service has a 52 week low of $4.24 and a 52 week high of $11.76. The company has a market cap of $149.76 million, a PE ratio of -1.70 and a beta of 1.66.

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MTRX Stock News Headlines

July 18, 2022 | finance.yahoo.com

Matrix Service Selected by Northrop Grumman for Two Separate Thermal Vacuum Chamber Projects

June 22, 2022 | finance.yahoo.com

Is It Too Late To Consider Buying Matrix Service Company (NASDAQ:MTRX)?

June 7, 2022 | finance.yahoo.com

Quite a few insiders invested in Matrix Service Company (NASDAQ:MTRX) last year which is positive news for shareholders

May 31, 2022 | finance.yahoo.com

Matrix Service Company to Present at Upcoming Sidoti Summer Virtual Small Cap Investor Conference

May 17, 2022 | finance.yahoo.com

Matrix Service Company to Present at Upcoming Stifel 2022 Cross Sector Insight Conference

May 16, 2022 | finance.yahoo.com

Retired Fluor Corporation Executive Jose Bustamante Named to Matrix Service Company Board of Directors

May 10, 2022 | seekingalpha.com

Matrix Service Company (MTRX) CEO John Hewitt on Q3 2022 Results - Earnings Call Transcript

May 10, 2022 | finance.yahoo.com

Hensel Phelps Construction Company Selects Matrix Service for EPC of Three Storage Tanks to Expand Jet Fuel Capacity at Houston Hobby Airport

May 9, 2022 | finance.yahoo.com

Matrix Service Company Reports Third Quarter Fiscal 2022 Results

April 26, 2022 | finance.yahoo.com

Matrix Service Company Sets Date to Discuss Results for the Third Quarter of Fiscal 2022

March 29, 2022 | finance.yahoo.com

Investors in Matrix Service (NASDAQ:MTRX) have unfortunately lost 57% over the last three years

March 15, 2022 | finance.yahoo.com

Matrix PDM Engineering Awarded EPC for Expansion of Natural Gas Processing Facility to Double Existing Facility Capacity

February 8, 2022 | finance.yahoo.com

Matrix NAC Awarded Greenfield Construction of Substation by Cumulus Data as Part of Its Carbon-Free Susquehanna Hyperscale Data Center Campus

February 7, 2022 | finance.yahoo.com

Matrix Service Company Reports Second Quarter Fiscal 2022 Results

February 6, 2022 | markets.businessinsider.com

Matrix Service is about to announce its earnings — here's what to expect

January 26, 2022 | finance.yahoo.com

Matrix Service Company Joins Global CEO-Led Hydrogen Council, Supporting a Clean, Diversified Energy System Through an Accelerated Transition to Hydrogen

January 24, 2022 | finance.yahoo.com

Matrix Service Company Sets Date to Discuss Results for the Second Quarter of Fiscal 2022

January 20, 2022 | seekingalpha.com

Matrix Service unit awarded engineering work for project at Washington Works plant

January 19, 2022 | benzinga.com

The Chemours Company Awards Matrix PDM...

January 18, 2022 | finance.yahoo.com

The Chemours Company Awards Matrix PDM Engineering Front-End Engineering Design and Detail Engineering for a Project at Its Washington Works, West Virginia Facility

January 4, 2022 | finance.yahoo.com

Matrix Strategy to Grow Market Position in Hydrogen and Renewable Energy Supported by Addition of Senior Industry Veterans

December 29, 2021 | nasdaq.com

John Hewitt Is The CEO, President & Director of Matrix Service Company (NASDAQ:MTRX) And They Just Picked Up 5.2% More Shares

December 29, 2021 | finance.yahoo.com

CEO, President & Director John Hewitt Just Bought 5.2% More Shares In Matrix Service Company (NASDAQ:MTRX)

December 24, 2021 | finance.yahoo.com

Matrix Service Co (MTRX) President & CEO John R Hewitt Bought $104,850 of Shares

November 9, 2021 | benzinga.com

Matrix Service: Q1 Earnings Insights

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MTRX Company Calendar

Last Earnings: 11/07/2021
Today: 8/16/2022
Next Earnings (Estimated): 9/12/2022
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Construction - special trade contractors
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NASDAQ:MTRX
CUSIP: 57685310
CIK: 866273
Web: www.matrixservicecompany.com
Phone: (918) 838-8822
Fax: 918-838-8810
Employees: 2,717
Year Founded: 1984

Profitability

EPS (Most Recent Fiscal Year): ($3.29)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-31,220,000.00
Net Margins: -12.92%
Pretax Margin: -12.98%
Return on Equity: -19.82%
Return on Assets: -11.33%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.37
Quick Ratio: 1.33

Sales & Book Value

Annual Sales: $673.40 million
Price / Sales: 0.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $10.77 per share
Price / Book: 0.51

Miscellaneous

Outstanding Shares: 26,791,000
Free Float: 26,041,000
Market Cap: $145.74 million
Optionable: Optionable
Beta: 1.66

Social Links

Key Executives

Mr. John R. Hewitt (Age 64)
CEO, Pres & Director
Comp: $760.72k
Mr. Kevin S. Cavanah (Age 58)
VP, CFO & Treasurer
Comp: $475.64k
Mr. Alan R. Updyke (Age 62)
Chief Operating Officer
Comp: $502.73k
Mr. Bradley J. Rinehart (Age 58)
Pres of Matrix Service Inc.
Comp: $416.74k
Mr. Jason W. Turner (Age 51)
Pres of Matrix North American Construction
Comp: $763.26k
Mr. Glyn A. Rodgers (Age 64)
Pres of Matrix PDM Engineering
Comp: $382.4k
Mr. Rick J. Bennett (Age 58)
Chief Information Officer & VP
Ms. Nancy E. Austin-Downs (Age 55)
Chief Admin. Officer & VP
Kellie Smythe
Sr. Director of Investor Relations
Mr. Justin D. Sheets (Age 44)
VP, Gen. Counsel, Corp. Compliance Officer & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MTRX Stock - Frequently Asked Questions

Should I buy or sell Matrix Service stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matrix Service in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTRX shares.
View MTRX analyst ratings or view top-rated stocks.
How have MTRX shares performed in 2022?: Matrix Service's stock was trading at $7.52 on January 1st, 2022. Since then, MTRX shares have decreased by 27.7% and is now trading at $5.44.
View the best growth stocks for 2022 here.
When is Matrix Service's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, September 12th 2022.
View our MTRX earnings forecast.
How were Matrix Service's earnings last quarter?: Matrix Service (NASDAQ:MTRX) announced its quarterly earnings data on Sunday, November, 7th. The oil and gas company reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.38. The oil and gas company earned $168.09 million during the quarter. Matrix Service had a negative net margin of 12.92% and a negative trailing twelve-month return on equity of 19.82%. During the same quarter in the previous year, the company earned ($0.12) earnings per share.
What is John R. Hewitt's approval rating as Matrix Service's CEO?: 27 employees have rated Matrix Service Chief Executive Officer John R. Hewitt on Glassdoor.com. John R. Hewitt has an approval rating of 71% among the company's employees.
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), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ), AT&T (T), Chipotle Mexican Grill (CMG) and NIC (EGOV).

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 many different retail and institutional investors. Top institutional shareholders include Royce & Associates LP (4.71%), Azarias Capital Management L.P. (3.94%), Smith Graham & Co. Investment Advisors LP (3.73%), Rutabaga Capital Management LLC MA (3.37%), Intrinsic Edge Capital Management LLC (2.21%) and Millennium Management LLC (1.66%). Insiders that own company stock include James Harry Miller, John D Chandler, John R Hewitt, Joseph F Montalbano, Justin D Sheets, Kevin A Durkin, Kevin S Cavanah and Nancy E Austin.
View institutional ownership trends.
How do I buy shares of Matrix Service?: Shares of MTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Matrix Service's stock price today?: One share of MTRX stock can currently be purchased for approximately $5.44.
How much money does Matrix Service make?: Matrix Service (NASDAQ:MTRX) has a market capitalization of $145.74 million and generates $673.40 million in revenue each year. The oil and gas company earns $-31,220,000.00 in net income (profit) each year or ($3.29) on an earnings per share basis.
How many employees does Matrix Service have?: The company employs 2,717 workers across the globe.
Does Matrix Service have any subsidiaries?: The following companies are subsidiares of Matrix Service: Devco USA LLC, Houston Dynamics LLC, Houston Interests, Houston Interests LLC, MSI Federal Contracting LLC, Matrix Applied Technologies Inc., Matrix Applied Technologies Ltd., Matrix Applied Technologies Pty. Ltd., Matrix International Holding Company Ltd., Matrix North American Construction Inc., Matrix North American Construction LLC, Matrix North American Construction Ltd., Matrix PDM Engineering Inc., Matrix PDM LLC, Matrix Products and Services S. de R.L. de C.V., Matrix SME Canada Inc., Matrix SME Canada ULC, Matrix Service Canada ULC, Matrix Service Inc., Matrix Service International LLC, Matrix Service VI LLC, Matrix Specialized Transport Inc., Matrix-SJC LLC, Mobile Aquatic Solutions Inc., River Consulting LLC, River Food Services LLC, and S&R Technical Services Inc..
Read More
When was Matrix Service founded?: Matrix Service was founded in 1984.
How can I contact Matrix Service?: Matrix Service's mailing address is 5100 EAST SKELLY DRIVE SUITE 500, TULSA OK, 74135. The official website for the company is www.matrixservicecompany.com. The oil and gas company can be reached via phone at (918) 838-8822, via email at ir@matrixservicecompany.com, or via fax at 918-838-8810.

This page (NASDAQ:MTRX) was last updated on 8/16/2022 by MarketBeat.com Staff

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Matrix Service - MTRX Stock Forecast, Price & News

Matrix Service MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month