The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) is a huge mover today! About 226,962 shares traded hands. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 94.80% since February 29, 2016 and is downtrending. It has underperformed by 107.01% the S&P500.
The move comes after 9 months positive chart setup for the $76.80M company. It was reported on Oct, 3 by Barchart.com. We have $23.52 PT which if reached, will make NASDAQ:SAEX worth $145.15 million more.
Analysts await SAExploration Holdings, Inc. (NASDAQ:SAEX) to report earnings on November, 2.
According to Zacks Investment Research, “SAExploration Holdings Inc. is a geophysical services company which conducts its business activities along with its subsidiaries. It offers seismic data acquisition and processing services on land, in transition zones and in shallow water to the oil and gas industry. The Company’s services include 2D, 3D and 4D seismic data services, surveying, program design, logistical support, data acquisition, processing, camp services, catering, environmental assessment and community relations. It operates in Canada, Alaska, Peru, Columbia, Bolivia, Papua New Guinea, New Zealand and Brazil. SAExploration Holdings Inc., formerly known as Trio Merger Corp., is based in Calgary, Alberta.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 1.79, from 2.67 in 2016Q1. The ratio fall, as 4 funds sold all SAExploration Holdings, Inc. shares owned while 4 reduced positions. 3 funds bought stakes while 4 increased positions. They now own 6.56 million shares or 10.87% less from 7.36 million shares in 2016Q1.
Glg Partners Limited Partnership has 0% invested in the company for 423,800 shares. Bridgeway Mngmt holds 97,015 shares or 0% of its portfolio. National Bank Of America Corporation De last reported 0% of its portfolio in the stock. Tower Capital Ltd Liability Co (Trc) last reported 100 shares in the company. Fmr holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 2.18 million shares. Millennium Management Lc accumulated 0% or 29,754 shares. The New York-based York Management Advisors Ltd Llc has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Kcg Holdg holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 358,445 shares. Morgan Stanley reported 3,375 shares or 0% of all its holdings. Goldman Sachs Grp last reported 0% of its portfolio in the stock. Renaissance Technologies Lc owns 26,500 shares or 0% of their US portfolio. Davidson Kempner Capital Limited Partnership accumulated 0% or 55,907 shares. Moreover, Two Sigma Securities Limited Liability Corporation has 0% invested in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 11,253 shares. Citadel Advsrs Llc, a Illinois-based fund reported 36,527 shares. The Kansas-based Creative Planning has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX).
Another recent and important SAExploration Holdings, Inc. (NASDAQ:SAEX) news was published by Moodys.com which published an article titled: “Moody’s withdraws SAExploration’s credit ratings” on September 09, 2016.
SAEX Company Profile
SAExploration Holdings, Inc., incorporated on February 2, 2011, is an internationally focused oilfield services company. The Firm offers a range of seismic data acquisition and logistical support services in Alaska, Canada, South America and Southeast Asia to clients in the oil and natural gas industry. In addition to the acquisition of two-dimensional (2D), three-dimensional (3D), time-lapse four-dimensional (4D) and multi-component seismic data on land, in transition zones between land and water, and offshore in depths reaching approximately 3,000 meters, the Company offers a suite of logistical support and in-field processing services. The Firm operates crews around the world that are supported by over 29,500 owned land and marine channels of seismic data acquisition equipment and other leased equipment as needed to complete particular projects. Seismic data is used by its customers, including integrated oil companies, national oil companies and independent gas and oil exploration and production companies, to identify and analyze drilling prospects. The Firm provides a range of seismic data acquisition services, including in-field data processing, and related logistics services. The Company’s seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation and in-field processing.
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