Matrix Service Co (NASDAQ:MTRX) insider Alan R. Updyke sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.46, for a total value of $64,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ MTRX opened at $20.65 on Tuesday. Matrix Service Co has a twelve month low of $13.00 and a twelve month high of $25.75. The company has a market capitalization of $551.40 million, a P/E ratio of 137.67 and a beta of 1.10.
Matrix Service (NASDAQ:MTRX) last announced its quarterly earnings data on Wednesday, February 6th. The oil and gas company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Matrix Service had a positive return on equity of 0.94% and a negative net margin of 1.14%. The firm had revenue of $340.60 million during the quarter, compared to analysts’ expectations of $317.23 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Matrix Service’s revenue was up 20.4% on a year-over-year basis. As a group, analysts anticipate that Matrix Service Co will post 0.95 earnings per share for the current year.
MTRX has been the topic of a number of analyst reports. Zacks Investment Research raised Matrix Service from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Saturday, February 2nd. DA Davidson initiated coverage on Matrix Service in a research report on Wednesday, March 13th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, BidaskClub cut Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, December 21st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.67.
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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, agricultural, and mining and minerals markets in the United States, Canada, and internationally. The company's Electrical Infrastructure segment offers construction and maintenance services to various power generation facilities, such as combined cycle plants and natural gas fired power stations; and high voltage services comprising the construction of new substations, upgrading existing substations, short-run transmission line installations, distribution upgrades and maintenance, and emergency and storm restoration services to investor owned utilities.
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