News coverage about Matrix Service (NASDAQ:MTRX) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matrix Service earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.8460357425222 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Matrix Service (NASDAQ:MTRX) traded down 1.41% during midday trading on Thursday, hitting $13.95. 277,367 shares of the company traded hands. The stock’s 50-day moving average is $13.80 and its 200-day moving average is $11.68. Matrix Service has a 12-month low of $7.80 and a 12-month high of $23.45. The firm’s market capitalization is $372.77 million.
Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, September 6th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $291.84 million during the quarter, compared to the consensus estimate of $281.82 million. Matrix Service had a negative net margin of 0.02% and a negative return on equity of 0.06%. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Analysts anticipate that Matrix Service will post $0.60 EPS for the current fiscal year.
Several equities analysts have recently commented on the stock. BidaskClub cut shares of Matrix Service from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Matrix Service from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine cut shares of Matrix Service from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. TheStreet upgraded shares of Matrix Service from a “d+” rating to a “c-” rating in a report on Monday. Finally, KeyCorp restated a “hold” rating on shares of Matrix Service in a report on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has an average rating of “Hold”.
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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