Media headlines about Matrix Service (NASDAQ:MTRX) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.2212424374852 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Matrix Service (MTRX) traded up $0.10 on Friday, hitting $15.45. 399,317 shares of the stock traded hands, compared to its average volume of 166,485. The stock has a market capitalization of $414.32, a P/E ratio of -61.80 and a beta of 0.82. 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 52-week low of $7.80 and a 52-week high of $20.25.
Matrix Service (NASDAQ:MTRX) last posted its earnings results on Wednesday, February 7th. The oil and gas company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $282.90 million during the quarter, compared to the consensus estimate of $298.43 million. Matrix Service had a negative net margin of 0.59% and a negative return on equity of 1.97%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. research analysts expect that Matrix Service will post 0.65 earnings per share for the current year.
Several brokerages have commented on MTRX. BidaskClub lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Zacks Investment Research lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Matrix Service currently has a consensus rating of “Sell” and a consensus price target of $18.00.
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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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