The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) is a huge mover today! About 473,136 shares traded hands. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 92.59% since March 16, 2016 and is downtrending. It has underperformed by 98.14% the S&P500.
The move comes after 8 months positive chart setup for the $67.27 million company. It was reported on Oct, 19 by Barchart.com. We have $15.32 PT which if reached, will make NASDAQ:SAEX worth $61.89 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 Q2 2016. Its down 1.79, from 2.67 in 2016Q1. The ratio worsened, 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.
Blackrock Fund last reported 0% of its portfolio in the stock. Fmr Ltd Limited Liability Company holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 2.18M shares. The North Carolina-based Fincl Bank Of America Corporation De has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Kcg Hldgs holds 358,445 shares or 0% of its portfolio. Creative Planning has invested 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX). Renaissance Techs Limited Liability Co holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 26,500 shares. Morgan Stanley accumulated 3,375 shares or 0% of the stock. Goldman Sachs Gp reported 38,585 shares or 0% of all its holdings. Davidson Kempner Cap Ltd Partnership accumulated 0% or 55,907 shares. Moreover, Glg Partners L P has 0% invested in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 423,800 shares. Tower Rech Capital Limited (Trc) last reported 100 shares in the company. The New York-based Millennium Management Ltd Liability Co has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Bridgeway Cap Mngmt last reported 0% of its portfolio in the stock. The New York-based Two Sigma Secs Limited Liability Company has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Citadel Limited Company holds 36,527 shares or 0% of its portfolio.
More important recent SAExploration Holdings, Inc. (NASDAQ:SAEX) news were published by: Moodys.com which released: “Moody’s withdraws SAExploration’s credit ratings” on September 09, 2016, also Globenewswire.com published article titled: “SAExploration Announces Planned Grant of Warrants”, Globenewswire.com published: “SAExploration Announces 135-to-1 Reverse Stock Split” on July 26, 2016. More interesting news about SAExploration Holdings, Inc. (NASDAQ:SAEX) was released by: Globenewswire.com and their article: “SAExploration Announces Expiration of Exchange Offer and Consent Solicitation” with publication date: July 25, 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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