Worth Watching: Is SAExploration Holdings, Inc.’s Fuel Running Low? The Stock Reaches 1 Year Low Today

Worth Watching: Is SAExploration Holdings, Inc.'s Fuel Running Low? The Stock Reaches 1 Year Low Today

The stock of SAExploration Holdings, Inc. (NASDAQ:SAEX) hit a new 52-week low and has $5.45 target or 13.00% below today’s $6.27 share price. The 5 months bearish chart indicates high risk for the $61.11M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the $5.45 price target is reached, the company will be worth $7.94 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 134,403 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 is negative, 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 Illinois-based Citadel Ltd Liability Company has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Goldman Sachs accumulated 0% or 38,585 shares. Bridgeway Capital Mgmt has 0% invested in the company for 97,015 shares. Creative Planning has 0% invested in the company for 3.21 million shares. Glg Prns L P holds 0% or 423,800 shares in its portfolio. Morgan Stanley holds 3,375 shares or 0% of its portfolio. Millennium Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, Davidson Kempner Cap Lp has 0% invested in SAExploration Holdings, Inc. (NASDAQ:SAEX) for 55,907 shares. York Capital Global Advsr Ltd has 0% invested in the company for 86,250 shares. The New Jersey-based Kcg Hldgs Incorporated has invested 0% in SAExploration Holdings, Inc. (NASDAQ:SAEX). Fmr Ltd Co has 2.18M shares for 0% of their US portfolio. Two Sigma Securities Ltd Liability Com has 0% invested in the company for 11,253 shares. Savings Bank Of America De holds 0% or 300 shares in its portfolio. Renaissance Ltd Llc last reported 0% of its portfolio in the stock. Blackrock Fund Advsrs 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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