Eagle and Beagle, June 15, 2014

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma companies’ high-performing (eagle) and low-performing (beagle) stocks.
Oklahoman Published: June 15, 2014
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Stocks

Eagle

Our eagle is staying busy.

Tulsa-based Matrix Service Co. engineers and builds infrastructure, mainly for the energy industry. Of course, things have been pretty good for businesses that do business with energy.

Matrix also announced last week it had secured a $30 million contract with a fertilizer producer.

The stock jumped nearly 12 percent last week to close Friday at $36.92. MTRX set a new 52-week high Thursday of $38.

Meanwhile, trading volume has been strong, which means important money is paying attention.

Beagle

Coal has been in the headlines lately as federal regulators seek to limit carbon emissions at U.S. power plants — particularly coal-fired plants.

Our beagle this week is in the coal business. Tulsa-based Alliance Holdings GP, through its subsidiaries, produces and markets coal to domestic utilities and industrial users.

Last week, AHGP units slipped 5.9 percent to close Friday at $61.85.

This June swoon could be due to the fears surrounding the domestic coal industry.

However, it likely has more to do with the fact that Alliance Holdings GP set a 52-week high just over a month ago.

Eagle & Beagle is a weekly look at the state’s high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.


by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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