Somewhat Favorable News Coverage Somewhat Unlikely to Impact Matrix Service (MTRX) Share Price
Headlines about Matrix Service (NASDAQ:MTRX) have been trending somewhat positive on Friday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Matrix Service earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 47.1549515617959 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Matrix Service (NASDAQ MTRX) traded down 4.73% during mid-day trading on Friday, reaching $14.10. 322,982 shares of the company’s stock traded hands. The firm’s market cap is $376.78 million. The firm’s 50-day moving average is $13.20 and its 200 day moving average is $11.73. Matrix Service has a one year low of $7.80 and a one year high of $23.45.
Matrix Service (NASDAQ:MTRX) last announced its earnings results on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $291.84 million for the quarter, compared to analysts’ expectations of $281.82 million. Matrix Service had a negative return on equity of 0.06% and a negative net margin of 0.02%. The business’s revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. Analysts predict that Matrix Service will post $0.60 earnings per share for the current year.
Several brokerages have commented on MTRX. ValuEngine cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Matrix Service in a research note on Monday, August 28th. Zacks Investment Research cut shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 14th. Finally, BidaskClub upgraded shares of Matrix Service from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Matrix Service 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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