RigNet, 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
- 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
- Net Margins: -8.44%
- Return on Equity: -6.14%
- Return on Assets: -2.92%
Companies Related to RigNet:
- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 3.31%
- Quick Ratio: 3.31%
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.