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

RigNet, Inc. (RNET)

Today's Latest Price: $3.49 USD

0.18 (-4.90%)

Updated Oct 28 11:01am

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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 19.6 -- better than 98.31% of US stocks.
  • With a price/sales ratio of 0.34, RigNet Inc has a higher such ratio than just 12.22% of stocks in our set.
  • In terms of volatility of its share price, RNET is more volatile than 92.57% of stocks we're observing.
  • Stocks that are quantitatively similar to RNET, based on their financial statements, market capitalization, and price volatility, are QUAD, TRIB, NETE, GLP, and LYV.
  • RNET's SEC filings can be seen here. And to visit RigNet Inc's official web site, go to www.rig.net.

RNET Stock Price Chart Interactive Chart >

Price chart for RNET

RNET Price/Volume Stats

Current price $3.49 52-week high $6.91
Prev. close $3.67 52-week low $0.77
Day low $3.44 Volume 60,190
Day high $3.65 Avg. volume 653,399
50-day MA $4.41 Dividend yield N/A
200-day MA $2.93 Market Cap 71.73M

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:
$3.49$0.76 -81%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for RigNet Inc. To summarize, we found that RigNet Inc ranked in the 16th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for RigNet Inc ended up being:

  • 40% of the company's capital comes from equity, which is greater than just 19.76% of stocks in our cash flow based forecasting set.
  • As a business, RigNet Inc experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.

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

CEO, CLB, ERF, SLB, and APA can be thought of as valuation peers to RNET, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.

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 -13.40%
3-mo 35.27%
6-mo 195.76%
1-year -40.95%
3-year -80.34%
5-year -88.37%
YTD -47.12%
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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