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RigNet Stock Price, Forecast & Analysis (NASDAQ:RNET)

$5.69
-0.17 (-2.90 %)
(As of 11/20/2019 04:00 PM ET)
Today's Range
$5.65
Now: $5.69
$6.12
50-Day Range
$4.99
MA: $6.15
$7.76
52-Week Range
$4.76
Now: $5.69
$18.74
Volume32,237 shs
Average Volume47,896 shs
Market Capitalization$113.63 million
P/E RatioN/A
Dividend YieldN/A
Beta1.72
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$1.04 per share
Book Value$2.88 per share

Profitability

Net Income$-62,450,000.00

Miscellaneous

Employees604
Market Cap$113.63 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) issued its quarterly earnings results on Monday, May, 6th. The Wireless communications provider reported ($0.63) EPS for the quarter, missing the Zacks' consensus estimate of ($0.22) by $0.41. The Wireless communications provider had revenue of $57.51 million for the quarter. RigNet had a negative return on equity of 40.12% and a negative net margin of 28.47%. 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 brokerages have issued 1-year price targets for RigNet's stock. Their forecasts range from $20.00 to $20.00. On average, they expect RigNet's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 251.5% 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?

News coverage about RNET stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. RigNet earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news headlines about the Wireless communications provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for RigNet.

Are investors shorting RigNet?

RigNet saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 351,600 shares, a decrease of 10.7% from the September 30th total of 393,900 shares. Based on an average trading volume of 42,600 shares, the short-interest ratio is presently 8.3 days. Approximately 2.5% of the shares of the company are sold short. 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), Valero Energy (VLO), Callon Petroleum (CPE), Baidu (BIDU), Corbus Pharmaceuticals (CRBP), Amicus Therapeutics (FOLD), Iridium Communications (IRDM), LivePerson (LPSN), NVIDIA (NVDA) and Asante Solutions (PUMP).

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 a number of of institutional and retail investors. Top institutional shareholders include Stephens Investment Management Group LLC (1.99%), Russell Investments Group Ltd. (0.74%) and Tower Research Capital LLC TRC (0.02%). 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 major investors are selling RigNet stock?

RNET stock was sold by a variety of institutional investors in the last quarter, including Stephens Investment Management Group LLC. View Insider Buying and Selling for RigNet.

Which major investors are buying RigNet stock?

RNET stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd. and Tower Research Capital LLC TRC . 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 $5.69.

How big of a company is RigNet?

RigNet has a market capitalization of $113.63 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:  264 (Vote Outperform)
Underperform Votes:  265 (Vote Underperform)
Total Votes:  529
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 11/20/2019 by MarketBeat.com Staff

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