NASDAQ:MTRXMatrix Service Stock Price, Forecast & News

$9.24

-0.09 (-0.96 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$8.92

Now: $9.24▼

$9.39

50-Day Range

$7.95

MA: $9.12▼

$10.96

52-Week Range

$7.11

Now: $9.24▼

$24.36

Volume143,300 shs

Average Volume227,146 shs

Market Capitalization$241.53 million

P/E RatioN/A

Dividend YieldN/A

Beta1.39

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Matrix Service has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.50, Matrix Service has a potential upside of 143.5% from its current price of $9.24.
Amount of Analyst Coverage
Matrix Service has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Matrix Service has received 278 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Matrix Service has received 396 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Matrix Service has received 58.75% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Matrix Service and other stocks. Vote “Outperform” if you believe MTRX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MTRX will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.0 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 2.00% of the stock of Matrix Service is held by insiders.
Percentage Held by Institutions
95.13% 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 by 18.00% in the coming year, from $0.50 to $0.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matrix Service is -16.50, 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 -16.50, 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 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Construction - special trade contractors

Sub-IndustryOil & Gas Equipment & Services

SectorOils/Energy

Current SymbolNASDAQ:MTRX

Previous Symbol

CUSIP57685310

CIK866273

Webwww.matrixservicecompany.com

Phone918-838-8822

Debt

Debt-to-Equity Ratio0.10

Current Ratio1.66

Quick Ratio1.62

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio18.48

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.42 billion

Price / Sales0.17

Cash Flow$1.72 per share

Price / Cash Flow5.36

Book Value$13.13 per share

Price / Book0.70

Profitability

EPS (Most Recent Fiscal Year)$1.01

Net Income$27.98 million

Net Margins-1.12%

Return on Equity7.08%

Return on Assets3.86%

Miscellaneous

Employees5,000

Outstanding Shares26,140,000

Market Cap$241.53 million

Next Earnings Date8/26/2020 (Estimated)

OptionableOptionable

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Matrix Service (NASDAQ:MTRX) Frequently Asked Questions

How has Matrix Service's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, MTRX stock has decreased by 16.5% and is now trading at $9.24. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Matrix Service?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matrix Service in the last year. There are currently 2 buy ratings 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, August 26th 2020. View our earnings forecast for Matrix Service.

How were Matrix Service's earnings last quarter?

Matrix Service Co (NASDAQ:MTRX) announced its earnings results on Wednesday, May, 6th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.10. The oil and gas company earned $248.33 million during the quarter. Matrix Service had a positive return on equity of 7.08% and a negative net margin of 1.12%. View Matrix Service's earnings history.

What price target have analysts set for MTRX?

2 Wall Street analysts have issued 1 year price targets for Matrix Service's shares. Their forecasts range from $20.00 to $25.00. On average, they expect Matrix Service's stock price to reach $22.50 in the next year. This suggests a possible upside of 143.5% from the stock's current price. View analysts' price targets for Matrix Service.

Has Matrix Service been receiving favorable news coverage?

News stories about MTRX stock have trended very positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Matrix Service earned a news sentiment score of 4.0 on InfoTrie's scale. They also assigned media coverage about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutMatrix Service.

Are investors shorting Matrix Service?

Matrix Service saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 465,700 shares, a drop of 23.3% from the April 15th total of 607,100 shares. Based on an average trading volume of 255,800 shares, the short-interest ratio is currently 1.8 days. Approximately 1.8% of the shares of the company are short sold. View Matrix Service's Current Options Chain.

Who are some of Matrix Service's key competitors?

Some companies that are related to Matrix Service include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), RPC (RES), Seacor (CKH), Oceaneering International (OII), Helix Energy Solutions Group (HLX), Oil States International (OIS), Tidewater (TDW), Newpark Resources (NR), Era Group (ERA), Geospace Technologies (GEOS) and Natural Gas Services Group (NGS). View all 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), NIC (EGOV), Chipotle Mexican Grill (CMG), Continental Resources (CLR), Transocean (RIG), Athabasca Oil (ATH), General Motors (GM) and Accenture (ACN).

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.46%), Russell Investments Group Ltd. (6.63%), JPMorgan Chase & Co. (5.04%), State Street Corp (3.58%), Smith Graham & Co. Investment Advisors LP (2.51%) and Nuveen Asset Management LLC (1.72%). 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.

Which major investors are selling Matrix Service stock?

MTRX stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Public Sector Pension Investment Board, Mutual of America Capital Management LLC, Acadian Asset Management LLC, Nuveen Asset Management LLC, Squarepoint Ops LLC, and Morgan Stanley. Company insiders that have sold Matrix Service company stock in the last year include Joseph F Montalbano, and Nancy E Austin. View insider buying and selling activity for Matrix Service.

Which major investors are buying Matrix Service stock?

MTRX stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Engine Capital Management LP, First Wilshire Securities Management Inc., Smith Graham & Co. Investment Advisors LP, Engineers Gate Manager LP, Dynamic Technology Lab Private Ltd, State Street Corp, and Deutsche Bank AG. 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 $9.24.

How big of a company is Matrix Service?

Matrix Service has a market capitalization of $241.53 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.

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 5/25/2020 by MarketBeat.com Staff