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

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

Matrix Service Co (NASDAQ:MTRX) issued its quarterly earnings data on Wednesday, May, 8th. The oil and gas company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.07. The oil and gas company earned $358.89 million during the quarter, compared to analyst estimates of $347.85 million. Matrix Service had a return on equity of 4.93% and a net margin of 0.04%. Matrix Service's revenue was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. View Matrix Service's Earnings History.

Matrix Service is scheduled to release their next quarterly earnings announcement on Wednesday, August 28th 2019. View Earnings Estimates for Matrix Service.

Matrix Service will be holding an earnings conference call on Thursday, August 29th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

1 Wall Street analysts have issued 12-month price objectives for Matrix Service's stock. Their predictions 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 29.5% 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.

News articles about MTRX stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Matrix Service earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Matrix Service.

Matrix Service saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 467,800 shares, a decrease of 9.7% from the June 30th total of 518,300 shares. Based on an average daily trading volume, of 120,300 shares, the short-interest ratio is currently 3.9 days. Currently, 1.8% of the company's shares are sold short. View Matrix Service's Current Options Chain.

Some companies that are related to Matrix Service include VALLOUREC SA/S (VLOWY), Ameresco (AMRC), Argan (AGX), Concrete Pumping (BBCP), Limbach (LMB), China Advanced Constructn Mtrls Grp (CADC) and Real Goods Solar (RGSE).

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), Micron Technology (MU), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Continental Resources (CLR), Transocean (RIG) and Aegean Marine Petroleum Network (ANW).

Matrix Service's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.03%), Vanguard Group Inc. (6.33%), JPMorgan Chase & Co. (5.35%), Russell Investments Group Ltd. (4.30%), Northern Trust Corp (2.93%) and Prudential Financial Inc. (2.69%). 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 AQR Capital Management LLC, Man Group plc, First Wilshire Securities Management Inc., Acadian Asset Management LLC, Panagora Asset Management Inc., Pinebridge Investments L.P., Systematic Financial Management LP and Alberta Investment Management Corp. Company insiders that have sold Matrix Service company stock in the last year 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 Insider Buying and Selling for Matrix Service.

MTRX stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Nuveen Asset Management LLC, BlackRock Inc., Prudential Financial Inc., Morgan Stanley, Dupont Capital Management Corp, D. E. Shaw & Co. Inc. and Invesco Ltd.. 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, Scottrade, Fidelity and Charles Schwab.

One share of MTRX stock can currently be purchased for approximately $19.31.

Matrix Service has a market capitalization of $517.70 million and generates $1.09 billion in revenue each year. The oil and gas company earns $-11,480,000.00 in net income (profit) each year or $0.15 on an earnings per share basis. Matrix Service employs 4,650 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]