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: Oil Related Services
  • Sub-Industry: Oil & Gas Equipment & Services
  • Symbol: NASDAQ:RNET
  • CUSIP: 76658210
  • Web: www.rig.net
Capitalization:
  • Market Cap: $313.37 million
  • Outstanding Shares: 18,219,000
Average Prices:
  • 50 Day Moving Avg: $16.50
  • 200 Day Moving Avg: $17.92
  • 52 Week Range: $12.72 - $23.90
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 344.00
  • P/E Growth: -2.01
Sales & Book Value:
  • Annual Revenue: $200.61 million
  • Price / Sales: 1.56
  • Book Value: $6.25 per share
  • Price / Book: 2.75
Profitability:
  • EBIDTA: $22.97 million
  • Net Margins: -5.69%
  • Return on Equity: -9.98%
  • Return on Assets: -4.94%
Debt:
  • Debt-to-Equity Ratio: 0.34%
  • Current Ratio: 2.50%
  • Quick Ratio: 2.50%
Misc:
  • Average Volume: 60,395 shs.
  • Beta: 0.91
  • Short Ratio: 2.33
 

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) issued its quarterly earnings results on Monday, August, 7th. The company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.18. The business earned $49.16 million during the quarter, compared to analyst estimates of $49.37 million. RigNet had a negative net margin of 5.69% and a negative return on equity of 9.98%. The company's revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.27) earnings per share. View RigNet's Earnings History.

When will RigNet make its next earnings announcement?

RigNet is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for RigNet.

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

3 brokers have issued 1 year price targets for RigNet's shares. Their forecasts range from $17.00 to $22.00. On average, they expect RigNet's stock price to reach $19.33 in the next year. View Analyst Ratings for RigNet.

Who are some of RigNet's key competitors?

Who are RigNet's key executives?

RigNet's management team includes the folowing people:

  • James H. Browning, Independent Chairman of the Board
  • Steven Edward Pickett, President, Chief Executive Officer, Director
  • Kevin J. O'Hara, Vice Chairman of the Board
  • Charles E. Schneider, Chief Financial Officer, Senior Vice President
  • Trent J. Jabbia, Vice President of North America Sales
  • Rajesh Salem, Vice President - Strategy & Marketing
  • Pal B. Jensen, Vice president - Energy Maritime
  • Edward Traupman, Vice President, Systems Integration & Automation
  • Jay T. Hilbert, Chief Sales Officer
  • Mattia Caprioli, Independent Director

Who owns RigNet stock?

RigNet's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (12.85%), Stephens Investment Management Group LLC (3.58%), Vanguard Group Inc. (3.41%), Dimensional Fund Advisors LP (2.21%), JPMorgan Chase & Co. (1.59%) and State Street Corp (1.34%). Company insiders that own RigNet stock include Charles E Schneider, Charles Louis Iv Davis, Kevin C Mulloy and Martin L Jimmerson. 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 FMR LLC, Stephens Investment Management Group LLC, Granite Investment Partners LLC, GSA Capital Partners LLP, JPMorgan Chase & Co., Vanguard Group Inc., Parametric Portfolio Associates LLC and Welch & Forbes LLC. Company insiders that have sold RigNet stock in the last year include Charles E Schneider and Charles Louis Iv Davis. View Insider Buying and Selling for RigNet.

Who bought RigNet stock? Who is buying RigNet stock?

RigNet's stock was purchased by a variety of institutional investors in the last quarter, including AJO LP, Algert Global LLC, Northern Trust Corp, Dupont Capital Management Corp, State Street Corp, Dimensional Fund Advisors LP, OxFORD Asset Management LLP and Strs Ohio. 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.

What is RigNet's stock price today?

One share of RigNet stock can currently be purchased for approximately $17.20.


MarketBeat Community Rating for RigNet (NASDAQ RNET)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  142 (Vote Outperform)
Underperform Votes:  110 (Vote Underperform)
Total Votes:  252
MarketBeat's community ratings are surveys of what our community members think about RigNet and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for RigNet (NASDAQ:RNET) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $19.33 (12.40% upside)

Analysts' Ratings History for RigNet (NASDAQ:RNET)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/16/2017Piper Jaffray CompaniesSet Price TargetHold$17.00LowView Rating Details
7/3/2017SimmonsBoost Price TargetNeutral$17.00 -> $19.00MediumView Rating Details
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
11/11/2015William BlairReiterated RatingOutperformN/AView Rating Details
(Data available from 9/22/2015 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
11/6/2017($0.07)N/AView Earnings Details
8/7/2017Q2 2017($0.06)($0.24)$49.37 million$49.16 millionViewListenView Earnings Details
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: 1.20%
Institutional Ownership Percentage: 91.25%
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
9/6/2017Charles Louis Iv DavisDirectorSell3,000$16.25$48,750.00View SEC Filing  
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
finance.yahoo.com logoRigNet, Inc. – Value Analysis (NASDAQ:RNET) : September 19, 2017
finance.yahoo.com - September 19 at 7:13 AM
finance.yahoo.com logoRigNet, Inc. breached its 50 day moving average in a Bullish Manner : RNET-US : September 15, 2017
finance.yahoo.com - September 15 at 8:19 AM
americanbankingnews.com logoRigNet, Inc. (RNET) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - September 13 at 12:52 AM
americanbankingnews.com logoComparing RigNet (RNET) & CGG (CGG)
www.americanbankingnews.com - September 12 at 6:08 AM
americanbankingnews.com logoSelect Energy Services (WTTR) versus RigNet (RNET) Financial Survey
www.americanbankingnews.com - September 11 at 8:18 PM
finance.yahoo.com logoCorporate News Blog - Vodafone Partially Divests its Stake in Vodacom
finance.yahoo.com - September 8 at 7:45 AM
americanbankingnews.com logoCharles Louis Iv Davis Sells 3,000 Shares of RigNet, Inc. (RNET) Stock
www.americanbankingnews.com - September 7 at 1:46 PM
americanbankingnews.com logoRigNet (RNET) & CGG (CGG) Head to Head Survey
www.americanbankingnews.com - August 26 at 6:22 PM
finance.yahoo.com logoETFs with exposure to RigNet, Inc. : August 23, 2017
finance.yahoo.com - August 24 at 12:06 PM
americanbankingnews.com logoRigNet, Inc. (RNET) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - August 21 at 10:02 AM
americanbankingnews.com logoPiper Jaffray Companies Reiterates "$17.00" Price Target for RigNet, Inc. (RNET)
www.americanbankingnews.com - August 17 at 12:26 PM
americanbankingnews.com logoRigNet, Inc. (RNET) Downgraded by BidaskClub to "Sell"
www.americanbankingnews.com - August 16 at 8:58 PM
finance.yahoo.com logoRigNet, Inc. breached its 50 day moving average in a Bearish Manner : RNET-US : August 9, 2017
finance.yahoo.com - August 11 at 8:10 AM
finance.yahoo.com logoRigNet, Inc. :RNET-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017
finance.yahoo.com - August 11 at 8:10 AM
finance.yahoo.com logoEdited Transcript of RNET earnings conference call or presentation 8-Aug-17 3:00pm GMT
finance.yahoo.com - August 9 at 7:01 AM
finance.yahoo.com logoHere's Why RigNet Stock Is Slumping Today
finance.yahoo.com - August 9 at 7:01 AM
americanbankingnews.com logoRigNet, Inc. (NASDAQ:RNET) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS
www.americanbankingnews.com - August 8 at 1:36 PM
fool.com logoRigNet Inc Is Still Trying to Find Its Footing
www.fool.com - August 8 at 10:30 AM
finance.yahoo.com logoThis is What Fueled RigNet Inc.'s Nearly 15% Rebound in July
finance.yahoo.com - August 8 at 6:44 AM
finance.yahoo.com logoThis is What Fueled RigNet Inc.'s Nearly 15% Rebound in July
finance.yahoo.com - August 8 at 6:44 AM
finance.yahoo.com logoRigNet Announces Second Quarter 2017 Earnings Results
finance.yahoo.com - August 8 at 6:44 AM
finance.yahoo.com logoRigNet Announces Second Quarter 2017 Earnings Results
finance.yahoo.com - August 8 at 6:44 AM
finance.yahoo.com logoRigNet reports 2Q loss
finance.yahoo.com - August 8 at 6:44 AM
finance.yahoo.com logoRigNet reports 2Q loss
finance.yahoo.com - August 8 at 6:44 AM
fool.com logoThis is What Fueled RigNet Inc.'s Nearly 15% Rebound in July
www.fool.com - August 7 at 11:13 AM
americanbankingnews.com logoReviewing CGG SA (CGV) and RigNet (RNET)
www.americanbankingnews.com - August 5 at 10:46 PM
americanbankingnews.com logoHead-To-Head Analysis: RigNet (RNET) and Profire Energy (PFIE)
www.americanbankingnews.com - August 5 at 8:38 PM
americanbankingnews.com logoContrasting RigNet (RNET) and Willbros Group (WG)
www.americanbankingnews.com - August 3 at 8:08 AM
marketwatch.com logoRigNet Completes Asset Acquisition of Energy Satellite Services (ESS)
www.marketwatch.com - August 2 at 7:15 AM
nasdaq.com logoCyphre Security Solutions, LLC, a RigNet Company, and Fornetix Join Forces to Deliver Advanced Key Protection, Management and Encryption Solutions
www.nasdaq.com - August 2 at 7:15 AM
finance.yahoo.com logoRigNet Completes Asset Acquisition of Energy Satellite Services (ESS)
finance.yahoo.com - August 1 at 6:03 AM
finance.yahoo.com logoRigNet Completes Asset Acquisition of Energy Satellite Services (ESS)
finance.yahoo.com - August 1 at 6:03 AM
finance.yahoo.com logoFornetix and Cyphre Security Solutions LLC, a RigNet Company, Join Forces to Deliver Advanced Key Protection, Management and Encryption Solutions
finance.yahoo.com - July 29 at 6:50 AM
finance.yahoo.com logoFornetix and Cyphre Security Solutions LLC, a RigNet Company, Join Forces to Deliver Advanced Key Protection, Management and Encryption Solutions
finance.yahoo.com - July 29 at 6:49 AM
americanbankingnews.com logoRigNet, Inc. (NASDAQ:RNET) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - July 27 at 5:46 PM
finance.yahoo.com logoRigNet Announces Second Quarter 2017 Earnings Release Date and Conference Call Information
finance.yahoo.com - July 26 at 6:55 AM
finance.yahoo.com logoRigNet Announces Strategic Asset Acquisition of Data Technology Solutions (DTS)
finance.yahoo.com - July 25 at 5:47 AM
americanbankingnews.com logoHead to Head Comparison: RigNet (RNET) vs. Profire Energy (PFIE)
www.americanbankingnews.com - July 23 at 4:21 PM
americanbankingnews.com logoRigNet, Inc. (NASDAQ:RNET) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 19 at 8:53 AM
americanbankingnews.com logoReviewing RigNet (RNET) & Cypress Energy Partners, L.P. (CELP)
www.americanbankingnews.com - July 19 at 8:38 AM
americanbankingnews.com logoHead to Head Review: RigNet (NASDAQ:RNET) vs. CGG SA (CGV)
www.americanbankingnews.com - July 13 at 2:19 PM
finance.yahoo.com logoRigNet, Inc. – Value Analysis (NASDAQ:RNET) : July 12, 2017
finance.yahoo.com - July 13 at 8:50 AM
finance.yahoo.com logoRigNet, Inc. breached its 50 day moving average in a Bullish Manner : RNET-US : July 11, 2017
finance.yahoo.com - July 11 at 4:32 PM
americanbankingnews.com logoAnalyzing RigNet (NASDAQ:RNET) and North American Energy Partners (NOA)
www.americanbankingnews.com - July 11 at 7:36 AM
americanbankingnews.com logoRigNet's (RNET) "Neutral" Rating Reiterated at Simmons
www.americanbankingnews.com - July 3 at 12:28 PM
finance.yahoo.com logoRigNet is Awarded a Systems Integration Contract For Expansion of a Large Scale Midstream Energy Facility
finance.yahoo.com - June 21 at 4:27 AM
feeds.benzinga.com logoRigNet is Awarded a Systems Integration Contract For Expansion of a Large Scale Midstream Energy Facility
feeds.benzinga.com - June 20 at 10:23 AM
bizjournals.com logoHouston energy tech company adds to C-suite
www.bizjournals.com - June 10 at 12:47 AM
finance.yahoo.com logoRigNet’s SI&A Business Unit Wins Systems Integration Contract For New North American Downstream Energy Facility
finance.yahoo.com - June 6 at 9:14 PM
streetinsider.com logoRigNet (RNET) Confirms Brendan Sullivan as New CTO & CIO
www.streetinsider.com - May 30 at 9:29 AM

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Chart

RigNet (RNET) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by MarketBeat.com Staff