Notable Price Action: Does SAExploration Holdings, Inc. Have Any Gas After Today’s Huge Decline?

Notable Price Action: Does SAExploration Holdings, Inc. Have Any Gas After Today's Huge Decline?

The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) is a huge mover today! About 1.09M shares traded hands or 3.81% up from the average. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 90.12% since April 4, 2016 and is downtrending. It has underperformed by 91.21% the S&P500.
The move comes after 8 months negative chart setup for the $81.01M company. It was reported on Nov, 4 by Barchart.com. We have $6.19 PT which if reached, will make NASDAQ:SAEX worth $9.72M 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 0.88 in Q2 2016. Its down 1.79, from 2.67 in 2016Q1. The ratio dropped, 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 Rech Cap Ltd Liability Com (Trc) has 0% invested in the company for 100 shares. Davidson Kempner Capital Mngmt Limited Partnership owns 55,907 shares or 0% of their US portfolio. Bridgeway Inc owns 97,015 shares or 0% of their US portfolio. Glg Prns Limited Partnership has 0% invested in the company for 423,800 shares. Creative Planning reported 3.21M shares or 0% of all its holdings. Blackrock Fund Advsrs accumulated 2,026 shares or 0% of the stock. Renaissance Ltd has invested 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX). Fmr Limited Liability Com last reported 2.18 million shares in the company. Morgan Stanley holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 3,375 shares. Citadel Advisors Ltd Co last reported 36,527 shares in the company. Kcg Hldgs Incorporated holds 0% or 358,445 shares in its portfolio. York Capital Mgmt Global Lc last reported 86,250 shares in the company. Retail Bank Of America De has 0% invested in the company for 300 shares. Goldman Sachs Group holds 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 38,585 shares. Two Sigma Secs Lc accumulated 0% or 11,253 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 Planned Grant of Warrants” and published on July 14, 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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