Matrix Service Company (NASDAQ:MTRX) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

A number of equities analysts have commented on MTRX shares. BidaskClub raised shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. ValuEngine cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of Matrix Service from a “c-” rating to a “d+” rating in a research report on Wednesday, May 24th.

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Shares of Matrix Service (NASDAQ:MTRX) traded up 1.39% during mid-day trading on Friday, reaching $14.60. 566,066 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $11.35 and its 200-day moving average is $11.83. Matrix Service has a 52-week low of $7.80 and a 52-week high of $23.45. The stock’s market cap is $388.36 million.

Matrix Service (NASDAQ:MTRX) last released its quarterly earnings data on Wednesday, September 6th. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Matrix Service had a negative return on equity of 0.06% and a negative net margin of 0.02%. The company had revenue of $291.84 million for the quarter, compared to the consensus estimate of $281.82 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. On average, equities analysts expect that Matrix Service will post $0.60 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Mason Street Advisors LLC boosted its position in shares of Matrix Service by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,219 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 421 shares during the period. Capstone Asset Management Co. boosted its position in shares of Matrix Service by 1.7% in the second quarter. Capstone Asset Management Co. now owns 13,623 shares of the oil and gas company’s stock valued at $127,000 after acquiring an additional 230 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Matrix Service by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 7,793 shares of the oil and gas company’s stock valued at $129,000 after acquiring an additional 315 shares during the period. Voya Investment Management LLC boosted its position in shares of Matrix Service by 22.5% in the second quarter. Voya Investment Management LLC now owns 16,344 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 2,997 shares during the period. Finally, Cullen Capital Management LLC bought a new stake in shares of Matrix Service in the second quarter valued at about $157,000. 85.55% of the stock is owned by hedge funds and other institutional investors.

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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