ValuEngine upgraded shares of SAExploration (NASDAQ:SAEX) from a strong sell rating to a sell rating in a research report sent to investors on Friday.
Shares of SAExploration (SAEX) traded up $0.05 during trading hours on Friday, reaching $1.70. 22,700 shares of the company were exchanged, compared to its average volume of 86,608. SAExploration has a one year low of $1.50 and a one year high of $8.97. The company has a debt-to-equity ratio of 5.69, a quick ratio of 1.26 and a current ratio of 1.26.
Hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System purchased a new position in shares of SAExploration in the first quarter valued at about $128,000. Vanguard Group Inc. increased its position in shares of SAExploration by 43.9% in the second 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 period. Dupont Capital Management Corp increased its position in shares of SAExploration by 26.1% in the second 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 period. Finally, Minerva Advisors LLC increased its position in shares of SAExploration by 2.6% in the second 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 period. Hedge funds and other institutional investors own 69.39% of the company’s stock.
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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