RigNet, Inc. (RNET): Price and Financial Metrics

RigNet, Inc. (RNET)

Today's Latest Price: $5.51 USD

0.06 (1.10%)

Updated Dec 2 4:00pm

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 60 in Energy - Services

See all "A" rated Strong Buy stocks

RNET Stock Summary

  • The capital turnover (annual revenue relative to shareholder's equity) for RNET is 31.66 -- better than 99.06% of US stocks.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 10.81 for RigNet Inc; that's greater than it is for 93.58% of US stocks.
  • The volatility of RigNet Inc's share price is greater than that of 94.09% US stocks with at least 200 days of trading history.
  • Stocks that are quantitatively similar to RNET, based on their financial statements, market capitalization, and price volatility, are NETE, QUAD, TRIB, SRLP, and UNFI.
  • Visit RNET's SEC page to see the company's official filings. To visit the company's web site, go to www.rig.net.

RNET Stock Price Chart Interactive Chart >

Price chart for RNET

RNET Price/Volume Stats

Current price $5.51 52-week high $6.91
Prev. close $5.45 52-week low $0.77
Day low $5.32 Volume 86,800
Day high $5.60 Avg. volume 598,372
50-day MA $4.40 Dividend yield N/A
200-day MA $2.95 Market Cap 113.29M

RigNet, Inc. (RNET) Company Bio

RigNet Inc. provides digital technology solutions to the oil and gas industry, focusing on serving offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. The company was founded in 2000 and is based in Houston, Texas.

RNET Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$5.51$6.08 13%

We started the process of determining a valid price forecast for RigNet Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that RigNet Inc ranked in the 50th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for RNET, they are:

  • The company has produced more trailing twelve month cash flow than only 8.85% of its sector Energy.
  • 51% of the company's capital comes from equity, which is greater than merely 24.23% of stocks in our cash flow based forecasting set.
  • RigNet Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.57. This coverage rate is greater than that of merely 13.18% of stocks we're observing for the purpose of forecasting via discounted cash flows.

Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price

For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as RNET, try DLNG, NS, PHX, TRGP, and NSFDF.

RNET Latest News Stream

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Latest RNET News From Around the Web

Below are the latest news stories about RigNet Inc that investors may wish to consider to help them evaluate RNET as an investment opportunity.

RigNet and Golar LNG among Energy/Materials gainers; Hycroft Mining and Platinum Group Metals among losers

Gainers: RigNet (RNET) +12%. Golar LNG (GLNG) +12%. Aemetis (AMTX) +11%. Par Pacific (PARR) +10%. GasLog (GLOG) +8%.Losers: Hycroft Mining (HYMC) -20%. Platinum Group Metals (PLG) -13%. Venator Materials (VNTR) -12%. Avino Silver & Gold Mines (ASM) -11%. Metalla Royalty & Streaming (MTA) -11%....

Seeking Alpha | August 11, 2020

RigNet Announces Second Quarter 2020 Earnings Release Date and Earnings Call Information

HOUSTON, Aug. 03, 2020 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET) today announced that it will release its second quarter 2020 earnings results…

GlobeNewswire | August 3, 2020

Pacific Ethanol and CNX Midstream Partners among Energy/Materials gainers; Northern Dynasty Minerals and RigNet among losers

Gainers: Pacific Ethanol PEIX +25%. CNX Midstream Partners CNXM +25%. Koppers Holdings KOP +21%. Platinum Group Metals PLG +15%. Centrus Energy LEU +13%. L

Seeking Alpha | July 27, 2020

RigNet and PolyMet Mining among Energy/Materials gainers; Northern Dynasty Minerals and EMX Royalty among losers

Gainers: RigNet (RNET) +60%. PolyMet Mining (PLM) +53%. Helix Energy Solutions (HLX) +21%. Platinum Group Metals (PLG) +14%. Contura Energy (CTRA) +14%.Losers: Northern Dynasty Minerals (NAK) -7%. EMX Royalty (EMX) -5%. Rayonier Advanced Materials (RYAM) -5%. NexGen Energy (NXE) 3%....

Seeking Alpha | July 23, 2020

RigNet Secures Government Partnership and Initial Contract

Alliance brings unparalleled security and connectivity to the government’s mobile tenant environmentHOUSTON, July 23, 2020 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET), a leading provider of ultra-secure telecommunications and intelligent networking solutions, announced a collaboration with CACI International Inc. (NYSE: CACI) on CACI’s Steelbox™ Secure Voice and Text App for government users. CACI’s Steelbox combines technologies from Microsoft Azure and from BlackBerry’s SecuSuite® to deliver a government cloud-hosted, FedRAMP-certified, secure mobile tenant environment. RigNet will provide telecommunications interconnectivity throughout the United States, increasing the utility and convenience to government entities. “RigNet has been providing highly secure, highly reliable telec...

Yahoo | July 23, 2020

Read More 'RNET' Stories Here

RNET Price Returns

1-mo 44.62%
3-mo 10.20%
6-mo 315.85%
1-year 8.04%
3-year -66.61%
5-year -74.93%
YTD -16.52%
2019 -47.78%
2018 -15.45%
2017 -35.42%
2016 11.89%
2015 -49.57%

Continue Researching RNET

Here are a few links from around the web to help you further your research on RigNet Inc's stock as an investment opportunity:

RigNet Inc (RNET) Stock Price | Nasdaq
RigNet Inc (RNET) Stock Quote, History and News - Yahoo Finance
RigNet Inc (RNET) Stock Price and Basic Information | MarketWatch

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