Eagle & Beagle
It's a debut appearance in this column for this week's eagle.
Units of Compressco Partners LP, an Oklahoma City-based provider of wellhead compression equipment, jumped 8 percent last week to close Friday at $17.29. In the past month, GSJK has added nearly $4.
The units are trading near the 52-week high of $18.35, which was set last spring.
The partnership has been profitable, topping analysts' estimates for revenue and earnings per share in the most recent quarter.
A few company insiders also have been accumulating the stock, which generally bodes well for the future price.
A big dip in earnings often leads to a big dip in stock prices.
That's what happened to this week's beagle, Tulsa-based Matrix Service Co. Traders pushed the stock price down 10 percent after the company reported Wednesday that fourth-quarter income fell to $1.8 million from $5.7 million in the same period last year.
It didn't help that one analyst downgraded MTRX shares from a “buy” to a “hold” rating. The stock closed the week at $10.50.
However, CEO John R. Hewitt noted that the company, which mainly provides construction and maintenance services to the energy industry, has six consecutive quarters of growth in its bookings and expects its earnings for the current fiscal year to be between 83 cents and 98 cents per share.
Meanwhile, the company continues to work on a new strategic plan, which includes a new branding.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) by Business Writer Don Mecoy.