NASDAQ:RNET - RigNet Stock Price, Forecast & News

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

RigNet Inc (NASDAQ:RNET) released its quarterly earnings results on Monday, May, 6th. The Wireless communications provider reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.41. The Wireless communications provider had revenue of $57.51 million for the quarter. View RigNet's Earnings History.

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

2 equities research analysts have issued twelve-month price objectives for RigNet's stock. Their forecasts range from $20.00 to $20.00. On average, they expect RigNet's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 474.7% from the stock's current price. View Analyst Price Targets 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.

News stories about RNET stock have trended somewhat positive on Sunday, InfoTrie reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. RigNet earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the Wireless communications provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for RigNet.

RigNet saw a increase in short interest during the month of 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 trading volume of 48,200 shares, the days-to-cover ratio is presently 13.7 days. Approximately 4.8% of the company's shares are sold short. View RigNet's Current Options Chain.

Some companies that are related to RigNet include McDermott International (MDR), Hornbeck Offshore Services (HOS), Basic Energy Services (BAS), CARBO Ceramics (CRR), Key Energy Services (KEG), Bristow Group (BRS), BioLight Life Sciences (BOLT), Dawson Geophysical (DWSN), Dril-Quip (DRQ), Era Group (ERA), Forum Energy Technologies (FET), Geospace Technologies (GEOS), Gulf Island Fabrication (GIFI), Halliburton (HAL) and Helix Energy Solutions Group (HLX).

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

RigNet's stock is owned by a number of of institutional and retail investors. Top institutional investors 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.

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

RNET stock was bought 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.

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.

One share of RNET stock can currently be purchased for approximately $3.48.