RigNet Company Profile (NASDAQ:RNET)

About RigNet

RigNet logoRigNet, Inc. (RigNet) is a provider of digital technology solutions to the oil and gas industry. The Company provides managed remote communications, managed services and collaborative applications, focusing on offshore and onshore drilling rigs, energy production facilities, and energy maritime. The Company operates through three segments: Eastern Hemisphere, Western Hemisphere and RigNet Systems Integration and Automation. The Company's Eastern Hemisphere segment provides remote communications services for customers and rig sites located on the eastern side of the Atlantic Ocean. The Company's Western Hemisphere segment provides remote communications services for onshore and offshore customers and rig sites located on the western side of the Atlantic Ocean. The Company's RigNet Systems Integration and Automation segment designs, assembles, installs and commissions solutions for customer telecommunications systems.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Wireless Communications
  • Sub-Industry: Oil & Gas Equipment & Services
  • Exchange: NASDAQ
  • Symbol: RNET
  • CUSIP: 76658210
Key Metrics:
  • Previous Close: $13.97
  • 50 Day Moving Average: $12.80
  • 200 Day Moving Average: $13.05
  • 52-Week Range: $10.32 - $32.81
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -99.79
  • P/E Growth: -1.90
  • Market Cap: $248.75M
  • Outstanding Shares: 17,806,000
  • Beta: 0.65
Profitability:
  • Net Margins: -11.91%
  • Return on Equity: -2.41%
  • Return on Assets: -1.15%
Debt:
  • Debt-to-Equity Ratio: 0.55%
  • Current Ratio: 3.44%
  • Quick Ratio: 3.44%
Additional Links:
Companies Related to RigNet:

Analyst Ratings

Consensus Ratings for RigNet (NASDAQ:RNET) (?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $14.67 (4.99% upside)

Analysts' Ratings History for RigNet (NASDAQ:RNET)
Show:
DateFirmActionRatingPrice TargetDetails
8/17/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
8/13/2016Jefferies GroupReiterated RatingBuy$16.00 -> $14.00View Rating Details
6/28/2016SidotiUpgradeNeutral -> Buy$14.00View Rating Details
3/6/2016Piper Jaffray Cos.Reiterated RatingHoldView Rating Details
3/3/2016SimmonsLower Price TargetNeutral$19.00 -> $16.00View Rating Details
11/11/2015William BlairReiterated RatingOutperformView Rating Details
1/7/2015MacquarieInitiated CoverageNeutralView Rating Details
10/16/2014Drexel HamiltonInitiated CoverageBuy$48.00View Rating Details
(Data available from 9/29/2014 forward)

Earnings

Earnings History for RigNet (NASDAQ:RNET)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2016        
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)
Current Year EPS Consensus Estimate: $-0.35 EPS
Next Year EPS Consensus Estimate: $-0.14 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.02$0.11$0.08
Q2 20163$0.05$0.12$0.08
Q3 20163($0.12)($0.07)($0.10)
Q4 20163($0.13)($0.07)($0.11)
Q1 20171($0.03)($0.03)($0.03)
Q2 20171($0.01)($0.01)($0.01)
Q3 20171$0.03$0.03$0.03
Q4 20171$0.02$0.02$0.02
(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 History for RigNet (NASDAQ:RNET)
Insider Ownership Percentage: 2.70%
Institutional Ownership Percentage: 96.22%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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

Latest Headlines for RigNet (NASDAQ:RNET)
DateHeadline
News IconRigNet's New Multi-Vessel Contract Is A Good Fit (NASDAQ:RNET)
satnews.com - September 21 at 6:41 PM
publicnow.com logoRigNet wins multi-vessel contract with an international energy service company (NASDAQ:RNET)
www.publicnow.com - September 21 at 11:07 AM
capitalcube.com logoETF’s with exposure to RigNet, Inc. : September 21, 2016 (NASDAQ:RNET)
www.capitalcube.com - September 21 at 11:07 AM
capitalcube.com logoETF’s with exposure to RigNet, Inc. : August 31, 2016 (NASDAQ:RNET)
www.capitalcube.com - August 31 at 12:19 PM
4-traders.com logoRigNet : Awarded Multi-Year Managed Services Renewal, Including Software as a Service (SaaS) (NASDAQ:RNET)
www.4-traders.com - August 28 at 6:18 PM
capitalcube.com logoETF’s with exposure to RigNet, Inc. : August 17, 2016 (NASDAQ:RNET)
www.capitalcube.com - August 17 at 7:31 PM
finance.yahoo.com logoRigNet's Business Could Face Continued Pressure Into 2017 (NASDAQ:RNET)
finance.yahoo.com - August 16 at 7:16 PM
capitalcube.com logoRigNet, Inc. :RNET-US: Earnings Analysis: Q2, 2016 By the Numbers : August 12, 2016 (NASDAQ:RNET)
www.capitalcube.com - August 12 at 7:18 PM
4-traders.com logoRigNet : reports 2Q loss (NASDAQ:RNET)
www.4-traders.com - August 10 at 7:41 PM
finance.yahoo.com logoEdited Transcript of RNET earnings conference call or presentation 9-Aug-16 3:00pm GMT (NASDAQ:RNET)
finance.yahoo.com - August 10 at 10:17 AM
sg.finance.yahoo.com logoRigNet reports 2Q loss (NASDAQ:RNET)
sg.finance.yahoo.com - August 9 at 10:22 AM
fool.com logoThe Oil Market Downturn Continues to Sink RigNet Inc's Earnings (NASDAQ:RNET)
www.fool.com - August 9 at 9:16 AM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NASDAQ:RNET)
biz.yahoo.com - August 8 at 7:23 PM
publicnow.com logoRigNet Announces Second Quarter 2016 Earnings Results (NASDAQ:RNET)
www.publicnow.com - August 8 at 7:23 PM
biz.yahoo.com logoQ2 2016 RigNet Inc Earnings Release - After Market Close (NASDAQ:RNET)
biz.yahoo.com - August 8 at 11:57 AM
publicnow.com logoRigNet Announces Second Quarter 2016 Earnings Release Date and Conference Call Information (NASDAQ:RNET)
www.publicnow.com - July 28 at 9:28 AM
publicnow.com logoRigNet Announces Global Restructuring Plan (NASDAQ:RNET)
www.publicnow.com - July 15 at 9:48 AM
live-pr.com logo"RigNet, Inc. (RNET) - Financial and Strategic SWOT Analysis Review" is now available at Fast Market Research (NASDAQ:RNET)
www.live-pr.com - July 9 at 10:15 AM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:RNET)
biz.yahoo.com - June 16 at 8:02 AM
fool.com logoThis Is Why RigNet Inc.’s Stock Sank 25% in May (NASDAQ:RNET)
www.fool.com - June 6 at 1:24 PM
bilbaoya.com logoResearch Analysts Set RigNet, Inc. (NASDAQ:RNET) Price Target at $16 (NASDAQ:RNET)
bilbaoya.com - June 4 at 10:06 AM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:RNET)
biz.yahoo.com - June 3 at 6:05 AM
News IconMoving On Up... Picket Named As RigNet's New CEO + President (NASDAQ:RNET)
satnews.com - June 2 at 7:37 PM
publicnow.com logoSteven E. Pickett Named Chief Executive Officer at RigNet (NASDAQ:RNET)
www.publicnow.com - May 31 at 5:23 PM
News IconStock Rating Review for RigNet, Inc. (NASDAQ:RNET) - Wall Street Hints and News (NASDAQ:RNET)
hintsnewsnetwork.com - May 27 at 7:36 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:RNET)
biz.yahoo.com - May 27 at 5:32 PM
News IconTarget Check and Stock Performance Recap RigNet, Inc. (NASDAQ:RNET) - Wall Street Hints and News (NASDAQ:RNET)
hintsnewsnetwork.com - May 26 at 10:53 AM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statement (NASDAQ:RNET)
biz.yahoo.com - May 24 at 4:18 PM
News IconRigNet's TSI Restructuring Plan... Refocuses For Better Opportunities (NASDAQ:RNET)
www.satnews.com - May 23 at 12:27 PM
4-traders.com logoRigNet : Announces TSI Restructuring Plan (NASDAQ:RNET)
www.4-traders.com - May 21 at 6:55 PM
benzinga.com logoRigNet Announces Restructuring Of Telecom Systems Integration - Benzinga (NASDAQ:RNET)
www.benzinga.com - May 20 at 7:18 PM
streetinsider.com logoRigNet (RNET) to Restructure TSI (NASDAQ:RNET)
www.streetinsider.com - May 20 at 7:18 PM
feeds.benzinga.com logoRigNet Announces Restructuring Of Telecom Systems Integration (NASDAQ:RNET)
feeds.benzinga.com - May 20 at 6:13 PM
publicnow.com logoRigNet Announces TSI Restructuring Plan (NASDAQ:RNET)
www.publicnow.com - May 20 at 4:43 PM
News IconShare Performance and Target Price Review for RigNet, Inc. (NASDAQ:RNET) - Wall Street Hints and News (NASDAQ:RNET)
hintsnewsnetwork.com - May 19 at 10:46 AM
tradecalls.org logoRevenue Update on RigNet Inc(NASDAQ:RNET) - Trade Calls (NASDAQ:RNET)
www.tradecalls.org - May 18 at 7:20 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:RNET)
biz.yahoo.com - May 18 at 3:44 PM
capitalcube.com logoRigNet, Inc. :RNET-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:RNET)
www.capitalcube.com - May 17 at 11:41 AM
News IconRignet Incorporated (NASDAQ:RNET) Shorts Decreased by 26.74% After Short Covering - Wall Street Hints and News (NASDAQ:RNET)
hintsnewsnetwork.com - May 17 at 11:22 AM
News IconPerformance Recap and Target Perspective on RigNet, Inc. (NASDAQ:RNET) - Wall Street Hints and News (NASDAQ:RNET)
hintsnewsnetwork.com - May 13 at 12:52 AM
equities.com logoRigNet Inc. (RNET) Jumps 6.09% on May 11 - Equities.com (NASDAQ:RNET)
www.equities.com - May 12 at 7:44 PM
News IconRigNet Inc (NASDAQ:RNET) Given Average Rating of “Hold” by Analysts - Washington News Wire (NASDAQ:RNET)
washingtonnewswire.com - May 12 at 6:09 AM
equities.com logoRigNet Inc. (RNET) Drops 6.58% on May 10 - Equities.com (NASDAQ:RNET)
www.equities.com - May 11 at 7:46 PM
News IconRigNet Inc (RNET) Stock Rating Reaffirmed by Oppenheimer - Washington News Wire (NASDAQ:RNET)
washingtonnewswire.com - May 11 at 5:52 AM
finance.yahoo.com logoEdited Transcript of RNET earnings conference call or presentation 10-May-16 2:00pm GMT (NASDAQ:RNET)
finance.yahoo.com - May 10 at 9:16 PM
publicnow.com logoRigNet Brings Global Xpress to the Energy Market (NASDAQ:RNET)
www.publicnow.com - May 10 at 4:48 PM
fool.com logoThe Weak Offshore Drilling Environment Continues to Sink RigNet Inc Earnings (NASDAQ:RNET)
www.fool.com - May 10 at 8:43 AM
publicnow.com logoRigNet Announces First Quarter 2016 Earnings Results (NASDAQ:RNET)
www.publicnow.com - May 9 at 4:28 PM
finance.yahoo.com logo4:13 pm RigNet misses by $0.10, beats on revs (NASDAQ:RNET)
finance.yahoo.com - May 9 at 4:13 PM
biz.yahoo.com logoQ1 2016 RigNet Inc Earnings Release - After Market Close (NASDAQ:RNET)
biz.yahoo.com - May 9 at 7:07 AM

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RigNet (NASDAQ:RNET) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff