RigNet‘s (NASDAQ: RNET) financial results had been on a steady decline for more than a year because of the impact low oil prices are having on the offshore-drilling market. However, that decline finally came to an end during the fourth quarter, when the company’s results rebounded ever so slightly. But conditions in the offshore-drilling sector remain quite challenging, so it’s not yet apparent if this was just a breather or if a recovery is about to take hold.
Metric
Q4 2016