SAExploration (NASDAQ:SAEX) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Shares of SAExploration (NASDAQ SAEX) opened at $1.70 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 5.69. SAExploration has a twelve month low of $1.50 and a twelve month high of $8.97.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of SAExploration by 43.9% in the 2nd quarter. Vanguard Group Inc. now owns 39,697 shares of the oil and gas company’s stock valued at $129,000 after acquiring an additional 12,109 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in shares of SAExploration by 26.1% in the 2nd quarter. Dupont Capital Management Corp now owns 70,003 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 14,500 shares during the last quarter. Minerva Advisors LLC boosted its holdings in shares of SAExploration by 2.6% in the 2nd quarter. Minerva Advisors LLC now owns 191,685 shares of the oil and gas company’s stock valued at $616,000 after acquiring an additional 4,800 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of SAExploration in the 1st quarter valued at $128,000. 69.39% of the stock is currently owned by institutional investors and hedge funds.
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SAExploration Company Profile
SAExploration Holdings, Inc, an oilfield services company, provides seismic data acquisition and logistical support services to the oil and natural gas industry in North and South America, the Southeast Asia, and West Africa. Its seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing.
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