Shares of Matrix Service Co (NASDAQ:MTRX) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

MTRX has been the subject of a number of recent research reports. BidaskClub cut shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Tuesday, November 14th.

In other Matrix Service news, CEO John R. Hewitt sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.66, for a total transaction of $88,300.00. Following the completion of the sale, the chief executive officer now directly owns 283,529 shares in the company, valued at approximately $5,007,122.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of Matrix Service by 0.9% in the third quarter. Royce & Associates LP now owns 1,021,428 shares of the oil and gas company’s stock worth $15,526,000 after purchasing an additional 8,700 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Matrix Service by 19.9% in the third quarter. California Public Employees Retirement System now owns 146,650 shares of the oil and gas company’s stock valued at $2,229,000 after acquiring an additional 24,350 shares in the last quarter. 22NW LP lifted its position in shares of Matrix Service by 41.4% in the third quarter. 22NW LP now owns 166,600 shares of the oil and gas company’s stock valued at $2,532,000 after acquiring an additional 48,800 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Matrix Service by 38.3% in the second quarter. Ameriprise Financial Inc. now owns 470,885 shares of the oil and gas company’s stock valued at $4,401,000 after acquiring an additional 130,390 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Matrix Service by 6.1% in the second quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock valued at $13,953,000 after acquiring an additional 86,259 shares in the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.

Matrix Service (MTRX) traded down $0.10 during mid-day trading on Wednesday, hitting $14.75. 191,900 shares of the company traded hands, compared to its average volume of 203,721. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.96 and a current ratio of 1.99. Matrix Service has a 52 week low of $7.80 and a 52 week high of $20.25. The company has a market cap of $398.23, a price-to-earnings ratio of -59.00 and a beta of 0.63.

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, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $282.90 million for the quarter, compared to analyst estimates of $298.43 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. equities analysts predict that Matrix Service will post 0.69 earnings per share for the current fiscal 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, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.

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