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NASDAQ:RNET - RigNet Stock Price, Forecast & News

$3.26
+0.08 (+2.52 %)
(As of 02/23/2020 03:31 AM ET)
Today's Range
$2.98
Now: $3.26
$3.30
50-Day Range
$3.18
MA: $4.84
$6.47
52-Week Range
$2.98
Now: $3.26
$15.96
Volume73,971 shs
Average Volume153,117 shs
Market Capitalization$65.10 million
P/E RatioN/A
Dividend YieldN/A
Beta1.81
RigNet, Inc, a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The company operates through three segments: Managed Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Services segment provides remote communication, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. Read More…

Industry, Sector and Symbol

Industry Communication services, not elsewhere classified
Sub-IndustryOil & Gas Equipment & Services
SectorComputer and Technology
Current SymbolNASDAQ:RNET
CUSIP76658210
Phone281-674-0100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$238.85 million
Cash Flow$1.16 per share
Book Value$2.88 per share

Profitability

Net Income$-62,450,000.00

Miscellaneous

Employees604
Market Cap$65.10 million
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable

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RigNet (NASDAQ:RNET) Frequently Asked Questions

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) announced its quarterly earnings results on Monday, May, 6th. The Wireless communications provider reported ($0.63) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.41. The Wireless communications provider earned $57.51 million during the quarter. RigNet had a negative net margin of 28.47% and a negative return on equity of 40.12%. View RigNet's Earnings History.

When is RigNet's next earnings date?

RigNet is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for RigNet.

What price target have analysts set for RNET?

2 equities research analysts have issued 12-month target prices for RigNet's stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate RigNet's share price to reach $20.00 in the next year. This suggests a possible upside of 513.5% from the stock's current price. View Analyst Price Targets for RigNet.

What is the consensus analysts' recommendation for RigNet?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RigNet in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RigNet.

Has RigNet been receiving favorable news coverage?

Headlines about RNET stock have been trending very negative on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. RigNet earned a news impact score of -3.6 on InfoTrie's scale. They also assigned news headlines about the Wireless communications provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for RigNet.

Are investors shorting RigNet?

RigNet saw a increase in short interest in January. As of January 15th, there was short interest totalling 662,300 shares, an increase of 36.6% from the December 31st total of 485,000 shares. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is currently 13.7 days. Currently, 4.8% of the company's stock are short sold. View RigNet's Current Options Chain.

Who are some of RigNet's key competitors?

What other stocks do shareholders of RigNet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RigNet investors own include FLIR Systems (FLIR), Enbridge (ENB), Valero Energy (VLO), Baidu (BIDU), Callon Petroleum (CPE), IBM (IBM), Occidental Petroleum (OXY), Corbus Pharmaceuticals (CRBP), Amicus Therapeutics (FOLD) and Huntington Bancshares (HBAN).

Who are RigNet's key executives?

RigNet's management team includes the folowing people:
  • Mr. Steven E. Pickett, CEO, Pres & Director (Age 55)
  • Mr. Lee M. Ahlstrom, Sr. VP & CFO (Age 52)
  • Mr. Brendan Sullivan, CTO & Chief Information Officer (Age 45)
  • Mr. Brad Eastman, Sr. VP & Gen. Counsel (Age 51)
  • Mr. Jay T. Hilbert, Sr. VP of Global Sales (Age 59)

Who are RigNet's major shareholders?

RigNet's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (14.76%), ArrowMark Colorado Holdings LLC (14.16%), Punch & Associates Investment Management Inc. (3.78%), Renaissance Technologies LLC (2.78%), Kopion Asset Management LLC (2.48%) and State Street Corp (1.33%). Company insiders that own RigNet stock include Benjamin Andrew Carter, Brendan Sullivan, Charles Louis Iv Davis, Digital Oilfield Investments L, Fund Holdings Gp Ltd Kkr, Keith Olsen, Kevin C Mulloy and Tonya Maumus Mcdermott. View Institutional Ownership Trends for RigNet.

Which institutional investors are selling RigNet stock?

RNET stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Russell Investments Group Ltd., FMR LLC, Geode Capital Management LLC and Charles Schwab Investment Management Inc.. View Insider Buying and Selling for RigNet.

Which institutional investors are buying RigNet stock?

RNET stock was acquired by a variety of institutional investors in the last quarter, including Kopion Asset Management LLC, ArrowMark Colorado Holdings LLC, Renaissance Technologies LLC, Barclays PLC, UBS Group AG, State Street Corp and Punch & Associates Investment Management Inc.. Company insiders that have bought RigNet stock in the last two years include Digital Oilfield Investments L and Fund Holdings Gp Ltd Kkr. View Insider Buying and Selling for RigNet.

How do I buy shares of RigNet?

Shares of RNET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is RigNet's stock price today?

One share of RNET stock can currently be purchased for approximately $3.26.

How big of a company is RigNet?

RigNet has a market capitalization of $65.10 million and generates $238.85 million in revenue each year. RigNet employs 604 workers across the globe.View Additional Information About RigNet.

What is RigNet's official website?

The official website for RigNet is http://www.rig.net/.

How can I contact RigNet?

RigNet's mailing address is 15115 PARK ROW BOULEVARD SUITE 300, HOUSTON TX, 77084. The Wireless communications provider can be reached via phone at 281-674-0100 or via email at [email protected]


MarketBeat Community Rating for RigNet (NASDAQ RNET)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  276 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  562
MarketBeat's community ratings are surveys of what our community members think about RigNet and other stocks. Vote "Outperform" if you believe RNET will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RNET will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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