Matrix Service (MTRX) Getting Somewhat Positive Media Coverage, Analysis Shows
Media coverage about Matrix Service (NASDAQ:MTRX) has trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Matrix Service earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 47.5614866042942 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Matrix Service (MTRX) traded up 0.68% during mid-day trading on Friday, reaching $14.80. The company had a trading volume of 495,718 shares. The company has a 50 day moving average price of $11.59 and a 200 day moving average price of $11.74. The company’s market capitalization is $395.49 million. Matrix Service has a one year low of $7.80 and a one year high of $23.45.
Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $291.84 million during the quarter, compared to the consensus estimate of $281.82 million. Matrix Service had a negative net margin of 0.02% and a negative return on equity of 0.06%. The business’s revenue was down 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. On average, analysts anticipate that Matrix Service will post $0.60 EPS for the current year.
A number of analysts recently commented on MTRX shares. KeyCorp reiterated a “hold” rating on shares of Matrix Service in a report on Monday, August 28th. Zacks Investment Research upgraded Matrix Service from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine lowered Matrix Service from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub lowered Matrix Service from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold”.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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