NASDAQ:MTRX - Matrix Service Stock Price, Forecast & News

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

Matrix Service Co (NASDAQ:MTRX) issued its earnings results on Wednesday, November, 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.04. The oil and gas company had revenue of $338.10 million for the quarter, compared to analysts' expectations of $344.21 million. Matrix Service had a net margin of 2.22% and a return on equity of 9.30%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. View Matrix Service's Earnings History.

Matrix Service is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Matrix Service.

Matrix Service issued an update on its FY20 earnings guidance on Wednesday, November, 6th. The company provided EPS guidance of $1.10-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29. The company issued revenue guidance of $1.40-1.55 billion, compared to the consensus revenue estimate of $1.47 billion.

1 Wall Street analysts have issued 12-month target prices for Matrix Service's stock. Their forecasts range from $25.00 to $25.00. On average, they anticipate Matrix Service's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Price Targets for 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.

Press coverage about MTRX stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Matrix Service earned a news impact score of 2.0 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Matrix Service.

Matrix Service saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 492,000 shares, an increase of 41.1% from the December 15th total of 348,700 shares. Based on an average trading volume of 173,600 shares, the short-interest ratio is presently 2.8 days. Currently, 1.9% of the company's stock 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), Oceaneering International (OII), Helix Energy Solutions Group (HLX), RPC (RES), Oil States International (OIS), Seacor (CKH), Tidewater (TDW), Newpark Resources (NR), Geospace Technologies (GEOS), TETRA Technologies (TTI) and Era Group (ERA).

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

Matrix Service's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (2.05%), Wedge Capital Management L L P NC (0.23%), Louisiana State Employees Retirement System (0.03%) and NEXT Financial Group Inc (0.00%). 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 Smith Graham & Co. Investment Advisors LP and Louisiana State Employees Retirement System. Company insiders that have sold Matrix Service company stock in the last year include Alan R Updyke, James Harry Miller, Joseph F Montalbano, Kevin S Cavanah, Nancy E Austin and Rick J Bennett. View Insider Buying and Selling for Matrix Service.

MTRX stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC and NEXT Financial Group Inc. View Insider Buying and Selling 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 $21.35.

Matrix Service has a market capitalization of $579.91 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.View Additional Information About Matrix Service.

The official website for Matrix Service is http://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]