RigNet Company Profile (NASDAQ:RNET)

About RigNet (NASDAQ:RNET)

RigNet logoRigNet, Inc. (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A). The Managed Services segment provides remote communications services for offshore and onshore drilling rigs and production facilities, as well as, support vessels and other remote sites. The SI&A segment provides customized solutions for customer telecommunications systems. As of December 31, 2016, the Company provided remote communications and collaborative services to approximately 500 customers reaching approximately 900 remote sites located in approximately 50 countries on six continents. It provides managed remote communications, engineered telecommunications solutions and applications.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Wireless Communications
  • Sub-Industry: Oil & Gas Equipment & Services
  • Symbol: NASDAQ:RNET
  • CUSIP: 76658210
  • Web: www.rig.net
Capitalization:
  • Market Cap: $292.96 million
  • Outstanding Shares: 18,028,000
Average Prices:
  • 50 Day Moving Avg: $19.36
  • 200 Day Moving Avg: $19.52
  • 52 Week Range: $10.86 - $23.90
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 108.33
  • P/E Growth: -4.47
Sales & Book Value:
  • Annual Revenue: $206.35 million
  • Price / Sales: 1.42
  • Book Value: $6.25 per share
  • Price / Book: 2.60
Profitability:
  • EBIDTA: $25.82 million
  • Net Margins: -8.44%
  • Return on Equity: -6.14%
  • Return on Assets: -2.92%
Debt:
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 3.31%
  • Quick Ratio: 3.31%
Misc:
  • Average Volume: 51,219 shs.
  • Beta: 1.02
  • Short Ratio: 2.57
 

Frequently Asked Questions for RigNet (NASDAQ:RNET)

What is RigNet's stock symbol?

RigNet trades on the NASDAQ under the ticker symbol "RNET."

How were RigNet's earnings last quarter?

RigNet Inc (NASDAQ:RNET) released its earnings results on Monday, May, 8th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The company earned $48.10 million during the quarter, compared to analysts' expectations of $49.46 million. RigNet had a negative net margin of 8.44% and a negative return on equity of 6.14%. RigNet's revenue for the quarter was down 22.8% on a year-over-year basis. During the same period last year, the business earned ($0.08) EPS. View RigNet's Earnings History.

Where is RigNet's stock going? Where will RigNet's stock price be in 2017?

3 brokers have issued 12 month price objectives for RigNet's stock. Their forecasts range from $14.00 to $22.00. On average, they expect RigNet's stock price to reach $18.00 in the next twelve months. View Analyst Ratings for RigNet.

Are investors shorting RigNet?

RigNet saw a decline in short interest in the month of April. As of April 13th, there was short interest totalling 98,626 shares, a decline of 7.3% from the March 31st total of 106,424 shares. Based on an average trading volume of 62,949 shares, the short-interest ratio is currently 1.6 days.

Who are some of RigNet's key competitors?

Who owns RigNet stock?

RigNet's stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (13.19%), Stephens Investment Management Group LLC (3.90%), Credit Agricole S A (3.76%), Vanguard Group Inc. (3.53%), OppenheimerFunds Inc. (3.02%) and Renaissance Technologies LLC (2.61%). Company insiders that own RigNet stock include Charles E Schneider, Charles Louis Iv Davis, James H Browning, Kevin C Mulloy, Martin L Jimmerson and William D Sutton. View Institutional Ownership Trends for RigNet.

Who sold RigNet stock? Who is selling RigNet stock?

RigNet's stock was sold by a variety of institutional investors in the last quarter, including Thomson Horstmann & Bryant Inc., Vanguard Group Inc., Morgan Stanley, Parametric Portfolio Associates LLC, Welch & Forbes LLC, JPMorgan Chase & Co., Granite Investment Partners LLC and TIAA CREF Investment Management LLC. Company insiders that have sold RigNet stock in the last year include Charles E Schneider, Charles Louis Iv Davis, Kevin C Mulloy and Martin L Jimmerson. View Insider Buying and Selling for RigNet.

Who bought RigNet stock? Who is buying RigNet stock?

RigNet's stock was bought by a variety of institutional investors in the last quarter, including Credit Agricole S A, FMR LLC, Cannell Capital LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, TFS Capital LLC, Trexquant Investment LP and Stephens Investment Management Group LLC. View Insider Buying and Selling for RigNet.

How do I buy RigNet stock?

Shares of RigNet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of RigNet stock cost?

One share of RigNet stock can currently be purchased for approximately $16.25.

Analyst Ratings

Consensus Ratings for RigNet (NASDAQ:RNET) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $18.00 (10.77% upside)

Analysts' Ratings History for RigNet (NASDAQ:RNET)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/11/2017Jefferies Group LLCReiterated RatingBuy$17.00 -> $22.00N/AView Rating Details
8/17/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformN/AView Rating Details
6/28/2016SidotiUpgradeNeutral -> Buy$14.00N/AView Rating Details
3/6/2016Piper Jaffray CompaniesReiterated RatingHoldN/AView Rating Details
3/3/2016SimmonsLower Price TargetNeutral$19.00 -> $16.00N/AView Rating Details
11/11/2015William BlairReiterated RatingOutperformN/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for RigNet (NASDAQ:RNET)
Earnings by Quarter for RigNet (NASDAQ:RNET)
Earnings History by Quarter for RigNet (NASDAQ:RNET)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017($0.13)($0.11)$49.46 million$48.10 millionViewListenView Earnings Details
3/6/2017Q4 2016($0.09)($0.21)$48.21 million$52.76 millionViewListenView Earnings Details
11/7/2016Q3($0.10)($0.09)$52.37 million$50.60 millionViewListenView Earnings Details
8/8/2016Q2$0.02($0.27)$58.50 million$54.91 millionViewN/AView Earnings Details
5/9/2016Q1$0.06$0.52$58.91 million$62.30 millionViewN/AView Earnings Details
2/29/2016Q4$0.12$0.03$60.00 million$52.19 millionViewListenView Earnings Details
11/9/2015Q3$0.26($0.62)$73.14 million$66.32 millionViewN/AView Earnings Details
8/4/2015Q2$0.26$0.34$76.10 million$75.10 millionViewListenView Earnings Details
5/11/2015Q115$0.26($0.06)$81.48 million$77.70 millionViewListenView Earnings Details
3/3/2015Q414$0.34$0.78$88.20 million$86.70 millionViewListenView Earnings Details
11/4/2014Q314$0.38$0.34$84.70 million$87.82 millionViewN/AView Earnings Details
8/4/2014Q214$0.32$0.35$80.79 million$80.70 millionViewN/AView Earnings Details
5/12/2014Q114$0.27$0.25$66.26 million$75.00 millionViewN/AView Earnings Details
3/5/2014Q413$0.26$0.38$57.84 million$59.70 millionViewN/AView Earnings Details
11/4/2013Q313$0.28$0.29$54.33 million$56.90 millionViewN/AView Earnings Details
8/5/2013Q2 2013$0.28$33.50 million$51.30 millionViewN/AView Earnings Details
11/8/2012Q312$0.20$0.19$32.00 million$47.90 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for RigNet (NASDAQ:RNET)
2017 EPS Consensus Estimate: ($0.13)
2018 EPS Consensus Estimate: $0.44
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.02)($0.02)($0.02)
Q2 20171($0.03)($0.03)($0.03)
Q3 20171($0.04)($0.04)($0.04)
Q4 20171($0.04)($0.04)($0.04)
Q1 20181$0.16$0.16$0.16
Q2 20181$0.13$0.13$0.13
Q3 20181$0.09$0.09$0.09
Q4 20181$0.06$0.06$0.06
(Data provided by Zacks Investment Research)

Dividends

Dividend History for RigNet (NASDAQ:RNET)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for RigNet (NASDAQ:RNET)
Insider Ownership Percentage: 2.70%
Institutional Ownership Percentage: 95.63%
Insider Trades by Quarter for RigNet (NASDAQ:RNET)
Institutional Ownership by Quarter for RigNet (NASDAQ:RNET)
Insider Trades by Quarter for RigNet (NASDAQ:RNET)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/24/2017Charles Louis Iv DavisDirectorSell1,750$16.87$29,522.50View SEC Filing  
3/28/2017Charles Louis Iv DavisDirectorSell1,500$19.85$29,775.00View SEC Filing  
3/24/2017Charles E. SchneiderCFOSell2,280$19.88$45,326.40View SEC Filing  
3/22/2017Charles E. SchneiderCFOSell4,220$20.31$85,708.20View SEC Filing  
9/2/2016Kevin C MulloyDirectorSell3,650$12.14$44,311.00View SEC Filing  
5/31/2016Kevin C MulloyDirectorSell3,700$12.80$47,360.00View SEC Filing  
5/27/2016Martin L JimmersonCEOSell29,192$12.51$365,191.92View SEC Filing  
5/26/2016Charles Louis Iv DavisDirectorSell3,500$12.42$43,470.00View SEC Filing  
5/26/2016Martin L JimmersonCEOSell28,683$12.59$361,118.97View SEC Filing  
3/29/2016Charles Louis Iv DavisDirectorSell3,907$15.49$60,519.43View SEC Filing  
12/9/2015Charles Louis Iv DavisDirectorSell10,000$20.96$209,600.00View SEC Filing  
12/3/2015Charles Louis Iv DavisDirectorSell2,000$22.15$44,300.00View SEC Filing  
9/2/2015William D SuttonVPSell3,444$27.84$95,880.96View SEC Filing  
8/11/2015James H BrowningDirectorBuy2,000$27.00$54,000.00View SEC Filing  
3/23/2015Mark B SlaughterCEOBuy2,000$28.65$57,300.00View SEC Filing  
3/9/2015Martin L JimmersonCFOSell2,000$27.81$55,620.00View SEC Filing  
3/6/2015William D SuttonVPSell2,030$29.33$59,539.90View SEC Filing  
12/11/2014Kevin C MulloyDirectorSell1,100$38.44$42,284.00View SEC Filing  
12/10/2014Keith OlsenDirectorSell1,000$40.73$40,730.00View SEC Filing  
9/11/2014Kevin C MulloyDirectorSell1,000$45.88$45,880.00View SEC Filing  
9/9/2014Keith OlsenDirectorSell1,000$46.19$46,190.00View SEC Filing  
6/10/2014Keith OlsenDirectorSell1,000$49.67$49,670.00View SEC Filing  
6/9/2014Hansen Morten HaglandVPSell15,515$50.00$775,750.00View SEC Filing  
4/1/2014William SuttonVPSell5,000$53.42$267,100.00View SEC Filing  
3/26/2014Mark SlaughterCEOSell25,000$54.63$1,365,750.00View SEC Filing  
3/19/2014Martin JimmersonCFOSell25,000$55.25$1,381,250.00View SEC Filing  
3/11/2014Keith OlsenDirectorSell1,000$53.78$53,780.00View SEC Filing  
3/6/2014James CrenshawVPSell3,414$56.48$192,822.72View SEC Filing  
11/20/2013Kevin MulloyDirectorSell1,400$38.74$54,236.00View SEC Filing  
10/22/2013Mark B SlaughterCEOSell35,000$40.79$1,427,650.00View SEC Filing  
8/22/2013Charles Louis Iv DavisDirectorSell1,800$33.42$60,156.00View SEC Filing  
8/9/2013Brent WhittingtonDirectorBuy1,800$27.84$50,112.00View SEC Filing  
5/15/2013Charles Louis Iv DavisDirectorSell2,750$24.65$67,787.50View SEC Filing  
2/5/2013Mark B SlaughterCEOSell2,674$22.00$58,828.00View SEC Filing  
2/5/2013Martin L JimmersonCFOSell1,226$22.00$26,972.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for RigNet (NASDAQ:RNET)
Latest Headlines for RigNet (NASDAQ:RNET)
Source:
DateHeadline
americanbankingnews.com logoCharles Louis Iv Davis Sells 1,750 Shares of RigNet Inc (RNET) Stock
www.americanbankingnews.com - May 24 at 8:24 PM
finance.yahoo.com logoETFs with exposure to RigNet, Inc. : May 23, 2017
finance.yahoo.com - May 23 at 6:58 PM
streetinsider.com logoRigNet (RNET) to Acquire Cyphre Security Solutions
www.streetinsider.com - May 23 at 9:36 AM
seekingalpha.com logoRigNet acquires cyber-security company
seekingalpha.com - May 22 at 11:39 AM
finance.yahoo.com logoRigNet Announces Acquisition of Cyphre Security Solutions (CSS), A Provider of Data Encryption Services
finance.yahoo.com - May 22 at 9:20 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for RigNet Inc (RNET) Reduced by William Blair
www.americanbankingnews.com - May 18 at 8:01 AM
finance.yahoo.com logoETFs with exposure to RigNet, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 8:02 PM
seekingalpha.com logoRigNet -1.8% as it files shelf for 4.75M-share secondary
seekingalpha.com - May 11 at 1:56 PM
finance.yahoo.com logoEdited Transcript of RNET earnings conference call or presentation 9-May-17 3:00pm GMT
finance.yahoo.com - May 10 at 11:11 AM
finance.yahoo.com logoRigNet, Inc. :RNET-US: Earnings Analysis: Q1, 2017 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 11:11 AM
americanbankingnews.com logoRigNet Inc (RNET) Lowered to "Sell" at Zacks Investment Research
www.americanbankingnews.com - May 10 at 7:24 AM
americanbankingnews.com logoRigNet Inc (RNET) Announces Quarterly Earnings Results
www.americanbankingnews.com - May 9 at 11:48 AM
finance.yahoo.com logoRigNet Inc. Heads Back in Reverse
finance.yahoo.com - May 9 at 10:45 AM
finance.yahoo.com logoInvestor Network: RigNet, Inc. to Host Earnings Call
finance.yahoo.com - May 9 at 10:45 AM
finance.yahoo.com logoRigNet Announces First Quarter 2017 Earnings Results
finance.yahoo.com - May 8 at 6:56 PM
finance.yahoo.com logoRigNet reports 1Q loss
finance.yahoo.com - May 8 at 6:56 PM
americanbankingnews.com logoRigNet Inc (RNET) Short Interest Update
www.americanbankingnews.com - May 7 at 11:22 AM
finance.yahoo.com logoRigNet, Inc. – Value Analysis (NASDAQ:RNET) : May 2, 2017
finance.yahoo.com - May 3 at 7:23 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Extremely Likely to Impact RigNet (RNET) Stock Price
www.americanbankingnews.com - May 2 at 3:38 PM
finance.yahoo.com logoRigNet, Inc. breached its 50 day moving average in a Bearish Manner : RNET-US : May 1, 2017
finance.yahoo.com - May 1 at 10:10 AM
americanbankingnews.com logoSomewhat Favorable News Coverage Very Likely to Impact RigNet (RNET) Share Price
www.americanbankingnews.com - April 28 at 6:54 PM
finance.yahoo.com logoRigNet Announces First Quarter 2017 Earnings Release Date and Conference Call Information
finance.yahoo.com - April 27 at 8:02 PM
americanbankingnews.com logoRigNet (RNET) Earns Media Impact Score of -0.12
www.americanbankingnews.com - April 25 at 1:01 PM
americanbankingnews.com logo Brokerages Anticipate RigNet Inc (RNET) Will Post Quarterly Sales of $49.84 Million
www.americanbankingnews.com - April 23 at 9:53 AM
americanbankingnews.com logoZacks: Analysts Anticipate RigNet Inc (RNET) to Post -$0.13 Earnings Per Share
www.americanbankingnews.com - April 21 at 7:28 AM
americanbankingnews.com logoRigNet (RNET) Earns News Sentiment Score of -0.10
www.americanbankingnews.com - April 20 at 1:31 PM
americanbankingnews.com logoRigNet (RNET) Receiving Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 17 at 1:23 PM
americanbankingnews.com logoSomewhat Critical Press Coverage Extremely Likely to Effect RigNet (RNET) Share Price
www.americanbankingnews.com - April 13 at 12:22 PM
americanbankingnews.com logoQ1 2017 EPS Estimates for RigNet Inc (RNET) Cut by Analyst
www.americanbankingnews.com - April 12 at 8:00 AM
americanbankingnews.com logoBrokers Set Expectations for RigNet Inc's FY2018 Earnings (RNET)
www.americanbankingnews.com - April 11 at 3:10 PM
finance.yahoo.com logoHere's What Fueled RigNet Inc.'s Nearly 17% Surge in March
finance.yahoo.com - April 7 at 12:20 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 31 at 7:45 PM
americanbankingnews.com logoInsider Selling: RigNet Inc (RNET) Director Sells 1,500 Shares of Stock
www.americanbankingnews.com - March 29 at 4:30 PM
finance.yahoo.com logoRigNet deploys its first deep water 4G LTE system in the Gulf of Mexico and announces dramatic capacity increases to its state-of-the-art licensed 4G wireless network
finance.yahoo.com - March 28 at 7:26 PM
americanbankingnews.com logoRigNet Inc (RNET) CFO Charles E. Schneider Sells 2,280 Shares
www.americanbankingnews.com - March 24 at 4:25 PM
americanbankingnews.com logoRigNet Inc (RNET) CFO Charles E. Schneider Sells 4,220 Shares
www.americanbankingnews.com - March 22 at 8:06 PM
finance.yahoo.com logoTrent J. Jabbia Named as Vice President of North America Sales at RigNet, Inc.
finance.yahoo.com - March 22 at 7:29 PM
americanbankingnews.com logoRigNet Inc (RNET) Receives Buy Rating from Jefferies Group LLC
www.americanbankingnews.com - March 11 at 7:21 PM
us.rd.yahoo.com logoEdited Transcript of RNET earnings conference call or presentation 7-Mar-17 4:00pm GMT
us.rd.yahoo.com - March 8 at 8:38 AM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
us.rd.yahoo.com - March 7 at 9:25 AM
globenewswire.com logoRigNet Announces Fourth Quarter and Full Year 2016 Earnings Results
globenewswire.com - March 6 at 6:53 PM
biz.yahoo.com logoQ4 2016 RigNet Inc Earnings Release - After Market Close
biz.yahoo.com - March 6 at 10:26 AM
feeds.benzinga.com logoRigNet Announces Fourth Quarter and Full Year 2016 Earnings Release Date and Conference Call Information
feeds.benzinga.com - February 20 at 6:00 PM
bizjournals.com logoHouston energy communications co. leases space for new headquarters
www.bizjournals.com - February 17 at 7:51 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - February 8 at 11:29 PM
fool.com logoThese 5 Oil Stocks Were Smoking Hot in December
www.fool.com - January 9 at 12:27 PM
finance.yahoo.com logoRigNet to provide managed services and Over-the-Top solutions to one of the world’s largest offshore drillers
finance.yahoo.com - December 21 at 4:04 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
biz.yahoo.com - December 20 at 7:18 PM
fool.com logoRigNet Inc's Stock Caught Fire on Friday
www.fool.com - December 9 at 7:29 PM
us.rd.yahoo.com logo4:41 pm RigNet awarded systems integration contract with Chiyoda Almana Engineering to deliver a reliable communication infrastructure for RasGas Company's Helium 3 recovery facility
us.rd.yahoo.com - December 8 at 12:29 AM

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Chart

RigNet (RNET) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff