Market Runner: Is Selling SAExploration Holdings, Inc. Here a Winning Strategy?

Market Runner: Is Selling SAExploration Holdings, Inc. Here a Winning Strategy?

The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) is a huge mover today! The stock decreased 3.66% or $0.3 on October 5, hitting $7.9. About 287,217 shares traded hands. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 94.62% since March 2, 2016 and is downtrending. It has underperformed by 102.88% the S&P500.
The move comes after 8 months negative chart setup for the $76.62 million company. It was reported on Oct, 6 by Barchart.com. We have $6.87 PT which if reached, will make NASDAQ:SAEX worth $9.96 million less.

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 Q2 2016. Its down 1.79, from 2.67 in 2016Q1. The ratio dived, 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.
Morgan Stanley accumulated 0% or 3,375 shares. Bridgeway Mgmt Inc accumulated 0% or 97,015 shares. The New York-based Davidson Kempner Capital Management Lp has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Renaissance Tech Ltd accumulated 0% or 26,500 shares. Goldman Sachs Grp Incorporated owns 38,585 shares or 0% of their US portfolio. Two Sigma Ltd Liability Co last reported 11,253 shares in the company. Fmr Ltd Co accumulated 0% or 2.18M shares. Millennium Mgmt Ltd reported 29,754 shares or 0% of all its holdings. Glg Prtnrs Lp last reported 0% of its portfolio in the stock. Kcg accumulated 358,445 shares or 0% of the stock. Moreover, Blackrock Fund Advsr has 0% invested in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 2,026 shares. National Bank & Trust Of America De last reported 0% of its portfolio in the stock. Citadel Advsr Limited has 36,527 shares for 0% of their US portfolio. Creative Planning holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 3.21 million shares. York Cap Global Advsr Ltd Liability Com has 0% invested in the company for 86,250 shares.

More news for SAExploration Holdings, Inc. (NASDAQ:SAEX) were recently published by: Moodys.com, which released: “Moody’s withdraws SAExploration’s credit ratings” on September 09, 2016. Globenewswire.com‘s article titled: “SAExploration Announces Expiration of Exchange Offer and Consent Solicitation” and published on July 25, 2016 is yet another important article.

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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