News headlines about Matrix Service (NASDAQ:MTRX) have been trending somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matrix Service earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.4745639693829 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
Shares of Matrix Service (NASDAQ:MTRX) traded down $0.05 during midday trading on Monday, hitting $17.65. 237,399 shares of the company’s stock traded hands, compared to its average volume of 295,936. Matrix Service has a 12 month low of $7.80 and a 12 month high of $23.45. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13.
Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.08. The company had revenue of $269.91 million for the quarter, compared to the consensus estimate of $290.56 million. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. equities analysts predict that Matrix Service will post 0.63 EPS for the current fiscal year.
A number of research firms have weighed in on MTRX. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Tuesday, November 14th. ValuEngine downgraded shares of Matrix Service from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BidaskClub cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. Finally, KeyCorp restated a “hold” rating on shares of Matrix Service in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Matrix Service has a consensus rating of “Hold” and an average 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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