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Last $37.01 USD
Change Today -1.26 / -3.29%
Volume 166.0K
As of 8:10 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

rignet inc (RNET) Snapshot

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52 Week High
07/14/14 - $57.22
52 Week Low
03/16/15 - $25.78
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Current Stock Chart for RIGNET INC (RNET)

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rignet inc (RNET) Details

RigNet, Inc. provides digital technology solutions to the oil and gas industry. The company operates through three segments: Eastern Hemisphere, Western Hemisphere, and Telecoms Systems Integration. 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 also 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. In addition, the company offers telecoms systems integration services to design, assemble, install, and commission turn-key solutions for customer telecommunications systems; and Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. Further, it 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. The company serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 50 countries, including the United States, Brazil, Norway, the United Kingdom, Nigeria, Qatar, Saudi Arabia, Singapore, and Australia. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.

698 Employees
Last Reported Date: 03/2/15
Founded in 2000

rignet inc (RNET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $451.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $287.1K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $259.0K
Group Vice President of Managed Services
Total Annual Compensation: $260.8K
Compensation as of Fiscal Year 2014.

rignet inc (RNET) Key Developments

RigNet, Inc. Secures Three Year Contract

RigNet Inc. announced that it has sealed a three-year contract to provide managed network communications solutions to an undisclosed Norwegian international midwater drilling contractor. The provider of digital technology solutions to the oil and gas industry said the managed remote communications solutions will be installed on a semi-submersible offshore drilling rig in the North Sea.

RigNet, Inc. Signs on Two-Year Contract for Managed Remote Communications Services With a Major Oil and Gas Operator in the Gulf of Mexico

RigNet, Inc. announced that it has signed a two-year contract with a major oil and gas operator to deliver managed network communications on an ultra-deepwater oil and gas floating production storage and offloading vessel in the Gulf of Mexico. Through this contract, RigNet is delivering a fully-managed end-to-end IP network solution using VSAT technology for last-mile connectivity. RigNet's fully managed network solutions ensure that the rig derives greater value from network services through increased standardization and innovation. The solution includes VoIP, enterprise data and Internet access services supported by 24/7 network monitoring and support from RigNet'sNetwork Operations Center and, if required, local field technician support.

RigNet, Inc. Appoints Hector Maytorena as Group Vice President, Managed Services

RigNet, Inc. announced that it has named Hector Maytorena to the new position of group vice president, Managed Services. In this new role, Maytorena will have global responsibility for leading RigNet's managed remote communications services business across the globe. Mr. Maytorena has held several senior executive positions of increasing responsibility at RigNet, including group vice president, Eastern Hemisphere; vice president and general manager, Western Hemisphere; and vice president, Global Sales & Marketing. Prior to joining RigNet, he served as general manager of Southeast Texas for United Technologies' UTC Fire & Security.


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Valuation RNET Industry Range
Price/Earnings 43.8x
Price/Sales 2.0x
Price/Book 4.8x
Price/Cash Flow 15.0x
TEV/Sales 1.6x

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