Matrix Service Company (NASDAQ:MTRX) traded up 0.5% on Friday . The stock traded as high as $14.20 and last traded at $13.98. 329,824 shares traded hands during trading, a decline of 5% from the average session volume of 346,919 shares. The stock had previously closed at $13.90.

Several research analysts recently weighed in on the stock. TheStreet cut shares of Matrix Service from a “c-” rating to a “d+” rating in a research report on Wednesday, May 24th. ValuEngine cut shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stephens restated a “hold” rating on shares of Matrix Service in a research report on Monday, May 15th. BidaskClub cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research cut shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold”.

The firm has a 50-day moving average of $10.52 and a 200-day moving average of $11.89. The company has a market cap of $377.72 million, a P/E ratio of 38.27 and a beta of 0.70.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results 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 business had revenue of $291.84 million during the quarter, compared to analysts’ expectations of $281.82 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, equities analysts anticipate that Matrix Service Company will post $0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Matrix Service by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,248,294 shares of the oil and gas company’s stock worth $21,022,000 after purchasing an additional 195,754 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Matrix Service by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,492,327 shares of the oil and gas company’s stock worth $13,953,000 after purchasing an additional 86,259 shares in the last quarter. Smith Graham & Co. Investment Advisors LP lifted its holdings in Matrix Service by 95.5% in the 2nd 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 purchasing an additional 441,659 shares in the last quarter. State Street Corp lifted its holdings in Matrix Service by 12.2% in the 1st quarter. State Street Corp now owns 838,988 shares of the oil and gas company’s stock worth $13,842,000 after purchasing an additional 90,999 shares in the last quarter. Finally, Boston Partners lifted its holdings in Matrix Service by 32.0% in the 2nd quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock worth $6,923,000 after purchasing an additional 179,480 shares in the last quarter. 85.55% of the stock is currently owned by institutional investors.

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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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