Matrix Service Company (NASDAQ:MTRX) has earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

A number of equities research analysts have weighed in on the company. ValuEngine downgraded Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Zacks Investment Research downgraded Matrix Service from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 14th. TheStreet upgraded Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday. BidaskClub upgraded Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, KeyCorp restated a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th.

Matrix Service (NASDAQ:MTRX) traded down 0.883% during trading on Thursday, hitting $14.025. The stock had a trading volume of 128,590 shares. Matrix Service has a 52 week low of $7.80 and a 52 week high of $23.45. The stock’s market capitalization is $374.78 million. The company has a 50-day moving average of $13.69 and a 200-day moving average of $11.67.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTRX. Smith Graham & Co. Investment Advisors LP raised its position in Matrix Service by 95.5% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 904,271 shares of the oil and gas company’s stock valued at $8,455,000 after purchasing an additional 441,659 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in Matrix Service during the second quarter valued at about $3,875,000. Rutabaga Capital Management LLC MA purchased a new stake in Matrix Service during the second quarter valued at about $3,025,000. Ameriprise Financial Inc. raised its position in Matrix Service by 155.5% during the first quarter. Ameriprise Financial Inc. now owns 340,495 shares of the oil and gas company’s stock valued at $5,619,000 after purchasing an additional 207,222 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Matrix Service by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,052,540 shares of the oil and gas company’s stock valued at $33,867,000 after purchasing an additional 206,944 shares in the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.

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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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