The Matrix Service’s (MTRX) “Hold” Rating Reaffirmed at Stephens

The Matrix Service’s (MTRX) “Hold” Rating Reaffirmed at Stephens

Several other equities research analysts have also recently commented on the company. TheStreet cut Matrix Service from a b- rating to a c+ rating in a research note on Friday, February 10th. Zacks Investment Research raised Matrix Service from a sell rating to a hold rating in a research note on Saturday, April 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $23.50.

Stephens reissued their hold rating on shares of Matrix Service Co (NASDAQ:MTRX) in a research report report published on Monday, May 15th.

Matrix Service (MTRX) opened at 8.525 on Monday. Matrix Service has a 12 month low of $8.00 and a 12 month high of $23.45. The company has a 50-day moving average of $11.46 and a 200-day moving average of $17.42. The company has a market cap of $226.76 million, a price-to-earnings ratio of 22.978 and a beta of 1.31. Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Tuesday, May 9th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.66. Matrix Service had a return on equity of 8.78% and a net margin of 2.12%. The company had revenue of $251.20 million for the quarter, compared to the consensus estimate of $248.51 million. During the same quarter last year, the business earned $0.16 earnings per share. Matrix Service’s revenue was down 18.8% compared to the same quarter last year. Analysts predict that Matrix Service will post ($0.01) EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. purchased a new stake in shares of Matrix Service during the third quarter worth approximately $242,000. Bank of New York Mellon Corp boosted its position in shares of Matrix Service by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 377,722 shares of the oil and gas company’s stock valued at $7,085,000 after buying an additional 11,034 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of Matrix Service by 10.0% in the third quarter. BlackRock Advisors LLC now owns 53,373 shares of the oil and gas company’s stock valued at $1,001,000 after buying an additional 4,849 shares during the last quarter. BlackRock Inc. boosted its position in shares of Matrix Service by 44.5% in the third quarter. BlackRock Inc. now owns 17,283 shares of the oil and gas company’s stock valued at $324,000 after buying an additional 5,322 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Matrix Service by 6.5% in the third quarter. BlackRock Fund Advisors now owns 1,995,507 shares of the oil and gas company’s stock valued at $37,436,000 after buying an additional 122,132 shares during the last quarter. 90.12% of the stock is owned by hedge funds and other institutional investors. About Matrix Service

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MTRX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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