The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) is a huge mover today! About 899,720 shares traded hands or 4.83% up from the average. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 91.09% since April 13, 2016 and is downtrending. It has underperformed by 95.01% the S&P500.
The move comes after 8 months positive chart setup for the $70.82 million company. It was reported on Nov, 15 by Barchart.com. We have $24.33 PT which if reached, will make NASDAQ:SAEX worth $133.85M more.
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 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.
Bridgeway Cap Mgmt has 0% invested in the company for 97,015 shares. York Mgmt Global Ltd Liability Corp accumulated 0% or 86,250 shares. Davidson Kempner Cap Management L P holds 55,907 shares or 0% of its portfolio. National Bank & Trust Of America De holds 300 shares or 0% of its portfolio. Creative Planning has 3.21 million shares for 0% of their US portfolio. The Massachusetts-based Fmr Ltd Liability has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Tower Research Capital Ltd (Trc) holds 100 shares or 0% of its portfolio. Kcg holds 358,445 shares or 0% of its portfolio. Blackrock Fund Advisors holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 2,026 shares. Moreover, Morgan Stanley has 0% invested in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 3,375 shares. Citadel Advsr has invested 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX). Renaissance Tech Limited Liability Corporation has invested 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX). Glg Prtn Limited Partnership owns 423,800 shares or 0% of their US portfolio. Goldman Sachs Grp Inc Inc accumulated 38,585 shares or 0% of the stock. The New York-based Millennium Mngmt Limited Liability Corporation has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX).
Another recent and important SAExploration Holdings, Inc. (NASDAQ:SAEX) news was published by Rttnews.com which published an article titled: “SAExploration Holdings Inc. (SAEX) Is Climbing After Project Award” on November 08, 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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