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

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

Matrix Service Co (NASDAQ:MTRX) posted its quarterly earnings results on Wednesday, May, 8th. The oil and gas company reported $0.33 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.07. The oil and gas company had revenue of $358.89 million for the quarter, compared to the consensus estimate of $347.85 million. Matrix Service had a net margin of 0.04% and a return on equity of 4.93%. Matrix Service's revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the firm posted ($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 brokers have issued twelve-month target prices for Matrix Service's shares. Their predictions range from $25.00 to $25.00. On average, they expect Matrix Service's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 25.0% 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 positive recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Matrix Service earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news coverage about the oil and gas company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely 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 decline in short interest in July. As of July 31st, there was short interest totalling 467,800 shares, a decline of 9.7% from the June 30th total of 518,300 shares. Based on an average daily volume of 120,300 shares, the days-to-cover ratio is currently 3.9 days. Currently, 1.8% of the shares of the company are short sold. 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 institutional and retail investors. Top institutional investors 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 acquired 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 $20.00.

Matrix Service has a market capitalization of $536.14 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]