Last $32.21 USD
Change Today +0.59 / 1.87%
Volume 82.6K
RNET On Other Exchanges
As of 2:18 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

rignet inc (RNET) Snapshot

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52 Week High
03/6/14 - $59.06
52 Week Low
01/29/15 - $29.69
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rignet inc (RNET) Details

RigNet, Inc. provides network infrastructure services for the remote communications needs of the oil and gas industry. The company operates through three segments: Americas, Europe/Africa, and Middle East/Asia Pacific. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, data, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access, as well as other value-added services, such as video conferencing solutions, TurboNet wide area network acceleration solutions, real-time data management solutions, Wi-Fi hotspots and Internet kiosks, wireless intercoms, and handheld radios. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. In addition, RigNet provides microwave and WiMAX networks in the U.S. Gulf of Mexico and the North Sea serving drillers, producers, and energy vessel owners; VSAT services; an M2M SCADA VSAT network services to the pipeline industry; telecommunications systems integration services; and a L-band MSS retail energy services. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 45 countries, including the United States, Brazil, Norway, the United Kingdom, Nigeria, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

481 Employees
Last Reported Date: 03/7/14
Founded in 2000

rignet inc (RNET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $365.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $276.3K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $273.0K
Group Vice President of Managed Services
Total Annual Compensation: $204.5K
Compensation as of Fiscal Year 2013.

rignet inc (RNET) Key Developments

RigNet, Inc. Announces Resource Reallocation Plan

RigNet, Inc. announced that it is implementing a plan to shift resources from its U.S. land rig communications business and certain back office support functions to expand its global sales team and boost its business development and global expansion initiatives. This shifting of resources provides a better alignment with the current business environment and improves positioning for future growth.

RigNet, Inc. Announces Executive Changes

As part of this restructuring, RigNet, Inc. has consolidated the leadership of its Eastern and Western Hemisphere operations into a single leadership position. Hector Maytorena, who currently serves the company as its Group Vice President, Easter Hemisphere and previously served the company as its Vice President & General Manager, Western Hemisphere, has been named to the new position of Group Vice President, Managed Services. James Crenshaw, who has been serving the company as Group Vice President, Western Hemisphere, has left the company, effective February 18, 2015.

RigNet, Inc. to Report Q4, 2014 Results on Mar 02, 2015

RigNet, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 02, 2015


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Valuation RNET Industry Range
Price/Earnings 29.7x
Price/Sales 1.8x
Price/Book 3.9x
Price/Cash Flow 12.1x
TEV/Sales 1.4x

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