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: $18.60
  • 50 Day Moving Average: $20.62
  • 200 Day Moving Average: $16.87
  • 52-Week Range: $10.32 - $23.90
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -124.00
  • P/E Growth: -1.60
  • Market Cap: $333.44M
  • Outstanding Shares: 17,927,000
  • Beta: 1.02
Profitability:
  • 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%
Additional Links:
Companies Related to RigNet:

Analyst Ratings

Consensus Ratings for RigNet (NASDAQ:RNET) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $15.67 (15.77% downside)

Analysts' Ratings History for RigNet (NASDAQ:RNET)
Show:
DateFirmActionRatingPrice TargetDetails
11/9/2016Jefferies Group LLCBoost Price TargetBuy$14.00 -> $17.00View Rating Details
8/17/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView Rating Details
6/28/2016SidotiUpgradeNeutral -> Buy$14.00View Rating Details
3/6/2016Piper Jaffray CompaniesReiterated RatingHoldView Rating Details
3/3/2016SimmonsLower Price TargetNeutral$19.00 -> $16.00View Rating Details
11/11/2015William BlairReiterated RatingOutperformView Rating Details
(Data available from 2/21/2015 forward)

Earnings

Earnings History for RigNet (NASDAQ:RNET)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/27/2017        
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)
Current Year EPS Consensus Estimate: $-0.58 EPS
Next Year EPS Consensus Estimate: $-0.15 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($0.17)$0.05($0.07)
Q1 20171($0.06)($0.06)($0.06)
Q2 20171($0.03)($0.03)($0.03)
Q3 20171$0.01$0.01$0.01
Q4 20171$0.00$0.00$0.00
(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: 95.63%
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
feeds.benzinga.com logoRigNet Announces Fourth Quarter and Full Year 2016 Earnings Release Date and Conference Call Information (NASDAQ:RNET)
feeds.benzinga.com - February 20 at 6:00 PM
bizjournals.com logoHouston energy communications co. leases space for new headquarters (NASDAQ:RNET)
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 (NASDAQ:RNET)
biz.yahoo.com - February 8 at 11:29 PM
4-traders.com logoRIGNET, INC. : Entry into a Material Definitive Agreement (form 8-K) (NASDAQ:RNET)
www.4-traders.com - January 31 at 10:01 PM
fool.com logoThese 5 Oil Stocks Were Smoking Hot in December (NASDAQ:RNET)
www.fool.com - January 9 at 12:27 PM
News IconRigNet Nets A Profit With A Middle Eastern Maritime Contract (NASDAQ:RNET)
satnews.com - December 23 at 8:04 AM
4-traders.com logoRigNet, Inc. (NASDAQ:RNET) Files An 8-K Entry into a Material Definitive Agreement (NASDAQ:RNET)
www.4-traders.com - December 21 at 4:04 PM
finance.yahoo.com logoRigNet to provide managed services and Over-the-Top solutions to one of the world’s largest offshore drillers (NASDAQ:RNET)
finance.yahoo.com - December 21 at 4:04 PM
publicnow.com logoRigNet renews contract to provide managed services to maritime vessels (NASDAQ:RNET)
www.publicnow.com - December 21 at 4:04 PM
publicnow.com logoRigNet to provide managed services and Over-the-Top solutions to one of the world's largest offshore drillers (NASDAQ:RNET)
www.publicnow.com - December 21 at 4:04 PM
4-traders.com logoRIGNET, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NASDAQ:RNET)
www.4-traders.com - December 20 at 7:18 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits (NASDAQ:RNET)
biz.yahoo.com - December 20 at 7:18 PM
insidermonkey.com logoIs RigNet Inc (RNET) A Good Stock To Buy? (NASDAQ:RNET)
www.insidermonkey.com - December 14 at 9:46 PM
fool.com logoRigNet Inc's Stock Caught Fire on Friday (NASDAQ:RNET)
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 (NASDAQ:RNET)
us.rd.yahoo.com - December 8 at 12:29 AM
News IconRigNet To Deliver Comms Systems To Helium 3 Recovery Facility (NASDAQ:RNET)
www.lightwaveonline.com - December 7 at 8:51 AM
streetinsider.com logoRigNet (RNET) Awarded Systems Integration Contract with Chiyoda Almana Engineering (NASDAQ:RNET)
www.streetinsider.com - December 6 at 7:15 PM
News IconRigNet wins systems integration and automation contract with Chiyoda Almana Engineering (NASDAQ:RNET)
itbusinessnet.com - December 6 at 7:15 PM
News IconRigNet, Inc. (RNET) - Financial and Strategic SWOT Analysis Review - New Market Research Report (NASDAQ:RNET)
reports.pr-inside.com - November 30 at 12:39 PM
finance.yahoo.com logoRIGNET, INC. Financials (NASDAQ:RNET)
finance.yahoo.com - November 16 at 7:31 PM
News IconA Rigged Contract For RigNet (NASDAQ:RNET)
satnews.com - November 16 at 10:52 AM
4-traders.com logoRigNet : awarded multi-million dollar contract with a leading offshore drilling contractor (NASDAQ:RNET)
www.4-traders.com - November 16 at 10:52 AM
publicnow.com logoRigNet awarded multi-million dollar contract with a leading offshore drilling contractor (NASDAQ:RNET)
www.publicnow.com - November 15 at 7:47 PM
capitalcube.com logoETFs with exposure to RigNet, Inc. : November 14, 2016 (NASDAQ:RNET)
www.capitalcube.com - November 14 at 7:30 PM
capitalcube.com logoRigNet, Inc. :RNET-US: Earnings Analysis: Q3, 2016 By the Numbers : November 9, 2016 (NASDAQ:RNET)
www.capitalcube.com - November 9 at 7:13 PM
finance.yahoo.com logoEdited Transcript of RNET earnings conference call or presentation 8-Nov-16 4:00pm GMT (NASDAQ:RNET)
finance.yahoo.com - November 9 at 9:51 AM
bizjournals.com logoEnergy telecom company hires C-level exec (NASDAQ:RNET)
www.bizjournals.com - November 8 at 7:00 PM
fool.com logoRigNet Inc. Still Hasn't Hit Bottom (NASDAQ:RNET)
www.fool.com - November 8 at 10:24 AM
publicnow.com logoRigNet Announces Third Quarter 2016 Earnings Results (NASDAQ:RNET)
www.publicnow.com - November 7 at 8:01 PM
finance.yahoo.com logoJay T. Hilbert Named Chief Sales Officer at RigNet (NASDAQ:RNET)
finance.yahoo.com - November 7 at 8:01 PM
sg.finance.yahoo.com logoRigNet reports 3Q loss (NASDAQ:RNET)
sg.finance.yahoo.com - November 7 at 8:01 PM
biz.yahoo.com logoRIGNET, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NASDAQ:RNET)
biz.yahoo.com - November 7 at 8:01 PM
biz.yahoo.com logoQ3 2016 RigNet Inc Earnings Release - After Market Close (NASDAQ:RNET)
biz.yahoo.com - November 7 at 11:06 AM
News IconCommit To Purchase RigNet At $12.50, Earn 11.5% Annualized Using Options (NASDAQ:RNET)
www.stockoptionschannel.com - October 28 at 6:52 PM
4-traders.com logoO3b Signs Satellite Deal for Brazilian FPSO Fleet (NASDAQ:RNET)
www.4-traders.com - October 27 at 12:05 PM
uk.finance.yahoo.com logoRigNet and MODEC Sign Agreement to Deliver Fiber-equivalent O3b Satellite Connectivity to Offshore Brazilian FPSO Fleet (NASDAQ:RNET)
uk.finance.yahoo.com - October 24 at 12:39 PM
finance.yahoo.com logo9:10 am RigNet announces an agreement to provide high-throughput, low latency connectivity for MODEC's Floating Production Storage and Offloading vessels off the coast of Brazil (NASDAQ:RNET)
finance.yahoo.com - October 24 at 12:39 PM
publicnow.com logoRigNet Announces Third Quarter 2016 Earnings Release Date and Conference Call Information (NASDAQ:RNET)
www.publicnow.com - October 19 at 3:42 PM
News IconRigNet - Chart Of The Day (NASDAQ:RNET)
www.talkmarkets.com - October 18 at 12:24 PM
fool.com logoOil and Gas Stock Roundup: For Once, a Relatively Quiet Week in the Oil Patch (RNET, SDLP, FANG, STNG, BRS) (NASDAQ:RNET)
www.fool.com - October 15 at 10:38 AM
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

Social

What is RigNet's stock symbol?

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

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

5 brokerages have issued 12-month target prices for RigNet's stock. Their predictions range from $14.00 to $17.00. On average, they expect RigNet's share price to reach $15.67 in the next year.

When will RigNet announce their earnings?

RigNet is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.

Who owns RigNet stock?

RigNet's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Arrowpoint Asset Management LLC (15.63%), FMR LLC (11.97%), Renaissance Technologies LLC (2.40%), Dimensional Fund Advisors LP (1.85%), State Street Corp (1.17%) and Menta Capital LLC (0.42%). Company insiders that own RigNet stock include Charles Louis Iv Davis, James H Browning, Kevin C Mulloy, Mark B Slaughter, Martin L Jimmerson and William D Sutton.

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 Oxford Asset Management, AQR Capital Management LLC, GSA Capital Partners LLP and Arrowpoint Asset Management LLC. Company insiders that have sold RigNet stock in the last year include Charles Louis Iv Davis, Kevin C Mulloy and Martin L Jimmerson.

Who bought RigNet stock? Who is buying RigNet stock?

RigNet's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Menta Capital LLC, Dimensional Fund Advisors LP, Cigna Investments Inc. New, Two Sigma Investments LP, State Street Corp, Metropolitan Life Insurance Co. NY and A.R.T. Advisors LLC. Company insiders that have bought RigNet stock in the last two years include James H Browning and Mark B Slaughter.

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 $18.60.

RigNet (NASDAQ:RNET) Chart for Tuesday, February, 21, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for RigNet (NASDAQ:RNET)

Earnings History Chart

Earnings by Quarter for RigNet (NASDAQ:RNET)

Dividend History Chart

Dividend Payments by Quarter for RigNet (NASDAQ:RNET)

Last Updated on 2/21/2017 by MarketBeat.com Staff