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Last $35.78 USD
Change Today +0.62 / 1.76%
Volume 123.1K
RNET On Other Exchanges
Symbol
Exchange
Berlin
As of 3:34 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

rignet inc (RNET) Snapshot

Open
$35.20
Previous Close
$35.16
Day High
$36.06
Day Low
$35.20
52 Week High
07/14/14 - $57.22
52 Week Low
03/16/15 - $25.78
Market Cap
632.3M
Average Volume 10 Days
146.3K
EPS TTM
$1.05
Shares Outstanding
17.7M
EX-Date
--
P/E TM
34.1x
Dividend
--
Dividend Yield
--
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. Extends Two-Year Managed Remote Communications Contract for Upstream Oil & Gas Company in the Middle East

RigNet, Inc. announced that it has renewed a two-year contract, that includes increased bandwidth, with an upstream oil and gas company to deliver managed network communications solutions between their head office, base camp and five onshore rigs.

RigNet Eastern Hemisphere Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

RigNet Eastern Hemisphere reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $38,971,000 compared with $38,022,000 for the same period last year. Operating income was $13,571,000 compared with $13,622,000 for the same period last year. Adjusted EBITDA was $17,475,000 compared with $16,691,000 for the same period last year.

RigNet Telecoms Systems Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

RigNet Telecoms Systems unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $10,551,000 compared with $15,613,000 for the same period last year. Operating income was $634,000 compared with $963,000 for the same period last year. Adjusted EBITDA was $1,249,000 compared with $2,011,000 for the same period last year.

 

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Industry Analysis

RNET

Industry Average

Valuation RNET Industry Range
Price/Earnings 50.8x
Price/Sales 1.9x
Price/Book 4.6x
Price/Cash Flow 14.5x
TEV/Sales 1.4x
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