Today’s Market Runner: SAExploration Holdings, Inc. Sets All-Time Low; Strong Momentum for Sellers

Today's Market Runner: SAExploration Holdings, Inc. Sets All Time Low; Strong Momentum for Sellers

The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) reached all time low today, Nov, 8 and still has $5.41 target or 12.00% below today’s $6.15 share price. This indicates more downside for the $61.11 million company. This technical setup was reported by Barchart.com. If the $5.41 PT is reached, the company will be worth $7.33 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 190,161 shares traded hands. SAExploration Holdings, Inc. (NASDAQ:SAEX) has declined 91.85% since April 5, 2016 and is downtrending. It has underperformed by 93.81% the S&P500.

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.
The Massachusetts-based Fmr Limited Liability has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Goldman Sachs Incorporated accumulated 0% or 38,585 shares. Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Comml Bank Of America Corp De accumulated 300 shares or 0% of the stock. The New Jersey-based Kcg Hldgs has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Davidson Kempner Capital L P last reported 0% of its portfolio in the stock. Millennium Mgmt Limited Co has 29,754 shares for 0% of their US portfolio. Citadel has 36,527 shares for 0% of their US portfolio. Renaissance Technologies Ltd, a New York-based fund reported 26,500 shares. Morgan Stanley reported 3,375 shares or 0% of all its holdings. Glg Partners Lp accumulated 0% or 423,800 shares. York Global Advsr Ltd Co owns 86,250 shares or 0% of their US portfolio. Creative Planning last reported 3.21M shares in the company. Two Sigma Securities Lc holds 11,253 shares or 0% of its portfolio. Tower Research Ltd Liability Com (Trc) has invested 0% of its portfolio in SAExploration Holdings, Inc. (NASDAQ:SAEX).

Another recent and important SAExploration Holdings, Inc. (NASDAQ:SAEX) news was published by Moodys.com which published an article titled: “Moody’s withdraws SAExploration’s credit ratings” on September 09, 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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