BidaskClub upgraded shares of Matrix Service Company (NASDAQ:MTRX) from a sell rating to a hold rating in a research report released on Saturday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Matrix Service from a sell rating to a hold rating in a research note on Saturday, April 15th. TheStreet lowered Matrix Service from a c- rating to a d+ rating in a research note on Wednesday, May 24th. ValuEngine lowered Matrix Service from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Stephens reaffirmed a hold rating on shares of Matrix Service in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Matrix Service currently has an average rating of Hold and a consensus price target of $20.00.

Shares of Matrix Service (NASDAQ:MTRX) traded down 0.47% during mid-day trading on Friday, hitting $10.60. The company had a trading volume of 237,959 shares. Matrix Service has a one year low of $7.80 and a one year high of $23.45. The company’s 50-day moving average is $9.18 and its 200 day moving average is $13.66. The company has a market capitalization of $281.96 million, a PE ratio of 28.57 and a beta of 0.75.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings results on Tuesday, May 9th. The oil and gas company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.66. Matrix Service had a return on equity of 3.07% and a net margin of 0.78%. The firm had revenue of $251.20 million for the quarter, compared to the consensus estimate of $248.51 million. During the same period last year, the firm earned $0.16 EPS. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. On average, equities research analysts forecast that Matrix Service will post ($0.01) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Matrix Service by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,052,540 shares of the oil and gas company’s stock worth $33,867,000 after buying an additional 206,944 shares during the period. LSV Asset Management increased its position in shares of Matrix Service by 0.4% in the first quarter. LSV Asset Management now owns 1,816,075 shares of the oil and gas company’s stock worth $29,965,000 after buying an additional 7,325 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Matrix Service by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,406,068 shares of the oil and gas company’s stock worth $23,200,000 after buying an additional 20,859 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in shares of Matrix Service by 95.5% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 904,271 shares of the oil and gas company’s stock worth $8,455,000 after buying an additional 441,659 shares in the last quarter. Finally, State Street Corp increased its position in shares of Matrix Service by 12.2% in the first quarter. State Street Corp now owns 838,988 shares of the oil and gas company’s stock worth $13,842,000 after buying an additional 90,999 shares in the last quarter. 91.98% of the stock is owned by institutional investors.

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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