News headlines about Matrix Service (NASDAQ:MTRX) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty 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 media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 45.695278410015 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research firms recently commented on MTRX. Zacks Investment Research downgraded shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Finally, BidaskClub downgraded shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company currently has an average rating of “Sell” and an average target price of $18.00.
Shares of NASDAQ MTRX remained flat at $$13.70 during midday trading on Monday. 116,363 shares of the company were exchanged, compared to its average volume of 201,310. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.96. Matrix Service has a twelve month low of $7.80 and a twelve month high of $20.25. The company has a market cap of $367.39, a P/E ratio of -1,367.00 and a beta of 0.87.
Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, February 7th. The oil and gas company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Matrix Service had a negative net margin of 0.59% and a negative return on equity of 1.97%. The business had revenue of $282.90 million for the quarter, compared to the consensus estimate of $298.43 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. analysts forecast that Matrix Service will post 0.65 EPS for the current year.
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About Matrix Service
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, natural gas fired power stations, and renewable energy installations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services to investor owned utilities.
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