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Market Cap: $354.6 million
Matrix Service(MTRX - Get Report) is a full-service industrial oil and gas contractor providing construction and repair and maintenance services in Oklahoma, New Jersey and Canada, with a scattered presence in several other American states. The company services four markets: aboveground storage tanks, downstream petroleum, electrical and instrumentation, and specialty liquefied storage tanks.
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This company is squarely in the middle of the storage business both operationally and geographically. The company is expected to generate 26% earnings growth and 20% revenue growth in the fiscal year ended June 2012. In fiscal 2013, earnings are expected to rise by a similar percentage. As of the December 2011 quarter, Matrix Services held $37 million in net cash, which included less than $1 million of debt. This comes out to about $1.40 per share of cash.
Matrix Service could easily trade up to $20 per share.