EAGLE & BEAGLE
Our top-performing stock has been cleaning up.
Tulsa-based Matrix Service Co. recently bought a privately owned industrial cleaning services firm in Louisiana with cash on hand. The size of the deal wasn't disclosed, but Matrix said it was less than $10 million.
That gives Matrix, which provides a variety of engineering, construction and maintenance services to energy and industrial markets, a fourth industrial cleaning facility to go along with existing ones in Tulsa, Kansas City and Baton Rouge, La.
Investors cleaned up a little last week, as MTRX shares jumped nearly 8 percent to close at $12.82.
The stock hasn't traded this high since last spring.
This week's beagle has bid farewell to a familiar face.
Bruce M. Bell retired as a director of Panhandle Oil & Gas at the end of last year. Panhandle CEO Michael C. Coffman said Bell, who joined the board in 2004 “will be missed.”
Bruce, a banker and oilman, was one of the first people I interviewed after I joined The Oklahoman's business desk more than a decade ago. He has long been a patient, knowledgeable and frank source for our news stories.
But this isn't an obit — he just stepped off the board.
Meanwhile, PHX shares slipped 7 percent last week to close at $28.02.
I bet Bruce could give us a decent idea of why that happened.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.