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 data on Thursday, November, 7th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter. The Wireless communications provider had revenue of $60.99 million for the quarter. RigNet had a negative net margin of 28.47% and a negative return on equity of 40.12%. 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 Wall Street analysts have issued 1 year price objectives 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 330.1% 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.

Press coverage about RNET stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. RigNet earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned media stories about the Wireless communications provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for RigNet.

RigNet saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 662,300 shares, an increase of 36.6% from the December 15th total of 485,000 shares. Based on an average trading volume of 48,900 shares, the short-interest ratio is presently 13.5 days. Approximately 4.8% of the shares of the stock are sold short. View RigNet's Current Options Chain.

Some companies that are related to RigNet include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Oceaneering International (OII), Helix Energy Solutions Group (HLX), RPC (RES), Oil States International (OIS), Seacor (CKH), Tidewater (TDW), Matrix Service (MTRX), Newpark Resources (NR), Geospace Technologies (GEOS) and TETRA Technologies (TTI).

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), Corbus Pharmaceuticals (CRBP), Amicus Therapeutics (FOLD) and Huntington Bancshares (HBAN).

RigNet's stock is owned by many different of retail and institutional investors. Top institutional investors include Kopion Asset Management LLC (2.48%). 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 acquired by a variety of institutional investors in the last quarter, including Kopion Asset Management LLC. 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 $4.65.

RigNet has a market capitalization of $92.86 million and generates $238.85 million in revenue each year. RigNet employs 604 workers across the globe.View Additional Information About RigNet.

The official website for RigNet is http://www.rig.net/.

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]