RigNet (RNET) Getting Somewhat Positive News Coverage, Analysis Finds

News headlines about RigNet (NASDAQ:RNET) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. RigNet earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the Wireless communications provider an impact score of 45.5038391572648 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

RNET has been the subject of several research reports. BidaskClub upgraded RigNet from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded RigNet from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies set a $17.00 target price on RigNet and gave the company a “hold” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.33.

Shares of RigNet (RNET) traded up $0.05 during midday trading on Friday, reaching $15.05. 34,049 shares of the company traded hands, compared to its average volume of 24,609. RigNet has a twelve month low of $14.00 and a twelve month high of $23.90. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46.

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About RigNet

RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).

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