Matrix Service (MTRX) Stock Price, News & Analysis

Company Overview

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction. Matrix Service’s modular fabrication facilities allow for parallel construction and reduced field installation times, while its full-scope maintenance group delivers turnarounds, inspections and plant turnaround programs aimed at improving asset availability and safety performance.

Headquartered in Tulsa, Oklahoma, Matrix Service operates fabrication yards and branch offices across the United States and Canada. The company serves a geographically diverse customer base, supporting upstream and midstream operators in major shale plays, petrochemical complexes along the Gulf Coast, and power generation facilities in the U.S. Northeast and Midwest. Its field teams and project managers partner with clients on both small-scale maintenance projects and large capital expansions.

Founded in 1998 as a spin-off from a diversified energy company, Matrix Service has grown through targeted acquisitions and organic investment in fabrication infrastructure. Under the leadership of President and Chief Executive Officer Robert R. “Bob” Farmer, the company has maintained a focus on safety, quality and responsive project execution. Matrix Service’s long-standing industry relationships and broad service offerings position it as a versatile contractor in the evolving energy and industrial markets.

Key Stats

• Today's Range: $14.20 to $14.73
• 50-Day Range: $13.36 to $15.82
• 52-Week Range: $9.14 to $16.10
• Volume: 164,679 shs
• Average Volume: 128,299 shs
• Market Capitalization: $402.55 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $20.00
• Consensus Rating: Buy

Matrix Service Stock Analysis - MarketRank™

Matrix Service scored higher than 78% of companies evaluated by MarketBeat, and ranked 74th out of 268 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Matrix Service has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Upside Potential

Matrix Service has a consensus price target of $20.00, representing about 37.2% upside from its current price of $14.58.

Amount of Analyst Coverage

Matrix Service has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Matrix Service are expected to grow in the coming year, from ($0.26) to $1.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Matrix Service is -18.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Matrix Service is -18.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Matrix Service has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Matrix Service has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.42% of the float of Matrix Service has been sold short.

Short Interest Ratio / Days to Cover

Matrix Service has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Matrix Service has recently decreased by 2.36%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Matrix Service does not currently pay a dividend.

Dividend Growth

Matrix Service does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.86

Percentage of Shares Shorted

2.42% of the float of Matrix Service has been sold short.

Short Interest Ratio / Days to Cover

Matrix Service has a short interest ratio ("days to cover") of 4.2.

Change versus previous month

Short interest in Matrix Service has recently decreased by 2.36%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.15

News Sentiment

Matrix Service has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Matrix Service this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Matrix Service insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.10% of the stock of Matrix Service is held by insiders.

Percentage Held by Institutions

78.38% of the stock of Matrix Service is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MTRX Stock Analysis - Frequently Asked Questions

How have MTRX shares performed this year?

Matrix Service's stock was trading at $11.97 on January 1st, 2025. Since then, MTRX shares have increased by 21.8% and is now trading at $14.58.

How were Matrix Service's earnings last quarter?

Matrix Service Company (NASDAQ:MTRX) announced its quarterly earnings results on Wednesday, May, 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.07. The business earned $200.16 million during the quarter, compared to analyst estimates of $215.06 million. Matrix Service had a negative net margin of 3.04% and a negative trailing twelve-month return on equity of 14.08%.
Read the conference call transcript.

Does Matrix Service have any subsidiaries?

Matrix Service subsidiaries include Houston Interests, Baillie Tank Equipment Pty Ltd., HDB Ltd, Kvaerner, Pelichem Industrial Cleaning Services, Devco USA LLC , Houston Dynamics LLC , and others.

Who are Matrix Service's major shareholders?

Top institutional shareholders of Matrix Service include Harvey Partners LLC (4.43%), First Wilshire Securities Management Inc. (3.26%), Boston Partners (3.06%) and Westerly Capital Management LLC (2.97%). Insiders that own company stock include John R Hewitt, Kevin A Durkin, James Harry Miller and Justin D Sheets.
View institutional ownership trends.

How do I buy shares of Matrix Service?

Shares of MTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Matrix Service own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Matrix Service investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and Jabil (JBL).

Company Calendar

• Last Earnings: 5/07/2025
• Today: 9/06/2025
• Next Earnings (Estimated): 9/09/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: OIL FLD MCH&EQP
• Sub-Industry: Construction & Engineering
• Current Symbol: NASDAQ:MTRX
• CIK: 866273
• Web: www.matrixservicecompany.com
• Phone: (918) 838-8822
• Fax: 918-838-8810
• Employees: 2,064
• Year Founded: 1984

Price Target and Rating

• Average Price Target for Matrix Service: $20.00
• High Price Target: $20.00
• Low Price Target: $20.00
• Potential Upside/Downside: +37.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: 1.3
• Net Income: -$24.98 million
• Net Margins: -3.04%
• Pretax Margin: -3.04%
• Return on Equity: -14.08%
• Return on Assets: -4.28%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.00
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $728.21 million
• Price / Sales: 0.55
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.01 per share
• Price / Book: 2.43

Miscellaneous

• Outstanding Shares: 27,610,000
• Free Float: 26,479,000
• Market Cap: $402.55 million
• Optionable: Optionable
• Beta: 1.13