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NASDAQ:MTRX

Matrix Service Stock Forecast, Price & News

$10.43
-0.07 (-0.67 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$10.21
Now: $10.43
$10.58
50-Day Range
$7.29
MA: $8.70
$10.53
52-Week Range
$7.11
Now: $10.43
$23.83
Volume97,098 shs
Average Volume195,673 shs
Market Capitalization$276.07 million
P/E RatioN/A
Dividend YieldN/A
Beta1.57
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. The company's Electrical Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades, and maintenance; and emergency and storm restoration services. It also provides construction and maintenance services to combined cycle plants and other natural gas fired power stations. The company's Oil Gas & Chemical segment offers plant maintenance, turnarounds, engineering, and capital construction services; and hydro-blasting and excavating, advanced chemical cleaning, and vacuum services, as well as performs work in the petrochemical, sulfur extraction, and recovery and processing markets. Its Storage Solutions segment undertakes work related to aboveground storage tanks and terminals; and liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, 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. The company's Industrial segment offers engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; designs instrumentation and control systems; and offer specialized expertise in the design and construction of 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: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.10 out of 5 stars


Industry, Sector and Symbol

Industry Construction - special trade contractors
Sub-IndustryOil & Gas Equipment & Services
Current SymbolNASDAQ:MTRX
CUSIP57685310
Phone918-838-8822
Employees2,900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.10 billion
Cash Flow$3.39 per share
Book Value$11.78 per share

Profitability

Net Income$-33,070,000.00

Miscellaneous

Market Cap$276.07 million
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$10.43
-0.07 (-0.67 %)
(As of 11/27/2020 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 (COVID-19)?

Matrix Service's stock was trading at $11.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MTRX shares have decreased by 5.8% and is now trading at $10.43.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Matrix Service?

Wall Street analysts have given Matrix Service a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Matrix Service wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Matrix Service's next earnings date?

Matrix Service is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Matrix Service
.

How were Matrix Service's earnings last quarter?

Matrix Service (NASDAQ:MTRX) released its quarterly earnings data on Saturday, November, 7th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.16. Matrix Service had a positive return on equity of 0.52% and a negative net margin of 4.47%.
View Matrix Service's earnings history
.

What price target have analysts set for MTRX?

1 brokerages have issued 12-month target prices for Matrix Service's shares. 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 91.8% 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 October. As of October 30th, there was short interest totaling 742,000 shares, an increase of 62.8% from the October 15th total of 455,900 shares. Based on an average daily volume of 147,400 shares, the short-interest ratio is currently 5.0 days. Approximately 2.9% of the company's stock are short sold.
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), Advanced Micro Devices (AMD), Netflix (NFLX), Square (SQ), AT&T (T), Chipotle Mexican Grill (CMG) and NIC (EGOV).

Who are Matrix Service's key executives?

Matrix Service's management team includes the following people:
  • Mr. John R. Hewitt, CEO, Pres & Director (Age 62, Pay $939.74k)
  • Mr. Kevin S. Cavanah, VP, CFO & Treasurer (Age 56, Pay $548.44k)
  • Mr. Alan R. Updyke, Chief Operating Officer (Age 60, Pay $681.69k)
  • Mr. Joseph F. Montalbano, Consultant (Age 71, Pay $1.39M)
  • Mr. Bradley J. Rinehart, Pres of Matrix Service Inc. (Age 56, Pay $590.77k)
  • Mr. Jason W. Turner, Pres of Matrix North American Construction (Age 49, Pay $440.41k)
  • Mr. Glyn A. Rodgers, Pres of Matrix PDM Engineering (Age 62, Pay $496.25k)
  • Mr. Quinton Beasley, VP of Accounting
  • Mr. Rick J. Bennett, Chief Information Officer & VP (Age 56)
  • Ms. Nancy E. Austin-Downs, Chief Admin. Officer & VP (Age 53)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.93%), State Street Corp (5.16%), JPMorgan Chase & Co. (4.79%), Smith Graham & Co. Investment Advisors LP (3.20%), Engine Capital Management LP (1.74%) and Charles Schwab Investment Management Inc. (1.65%). Company insiders that own Matrix Service stock include Alan R Updyke, James Harry Miller, Joseph F Montalbano, Kevin S Cavanah, Nancy E Austin and Rick J Bennett.
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 BlackRock Inc., JPMorgan Chase & Co., Acadian Asset Management LLC, WINTON GROUP Ltd, Foundry Partners LLC, AQR Capital Management LLC, New York State Common Retirement Fund, and Wells Fargo & Company MN.
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 Smith Graham & Co. Investment Advisors LP, Great West Life Assurance Co. Can, Boston Partners, Morgan Stanley, Engine Capital Management LP, State Street Corp, Squarepoint Ops LLC, and Zebra Capital Management LLC.
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 $10.43.

How big of a company is Matrix Service?

Matrix Service has a market capitalization of $276.07 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 11/29/2020 by MarketBeat.com Staff

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