Exclusive: SAExploration Holdings, Inc. Has Another Very Weak Trading Session

Exclusive: SAExploration Holdings, Inc. Has Another Very Weak Trading Session

The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) is a huge mover today! About 299,405 shares traded hands. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 88.33% since April 18, 2016 and is downtrending. It has underperformed by 92.76% the S&P500.
The move comes after 7 months negative chart setup for the $82.41M company. It was reported on Nov, 18 by Barchart.com. We have $7.65 PT which if reached, will make NASDAQ:SAEX worth $9.07M less.

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 0.06 in Q2 2016. Its down 0.82, from 0.88 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.
Tower Research Capital Limited Co (Trc) holds 100 shares or 0% of its portfolio. Morgan Stanley holds 3,375 shares or 0% of its portfolio. Two Sigma Securities Ltd Liability Corporation last reported 0% of its portfolio in the stock. Citadel Ltd Co holds 36,527 shares or 0% of its portfolio. Moreover, Davidson Kempner L P has 0% invested in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 55,907 shares. Creative Planning owns 3.21 million shares or 0% of their US portfolio. Fincl Bank Of America Corp De owns 300 shares or 0% of their US portfolio. Bridgeway Management accumulated 0% or 97,015 shares. Kcg Hldg Inc accumulated 358,445 shares or 0% of the stock. Millennium Llc, a New York-based fund reported 29,754 shares. Fmr Limited Liability holds 2.18 million shares or 0% of its portfolio. Glg Partners Lp holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 423,800 shares. The New York-based Goldman Sachs Grp Inc has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Renaissance Techs Limited Liability holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 26,500 shares. Blackrock Fund Advsrs accumulated 0% or 2,026 shares.

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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