The Traderszone Network

Published in TZ Latest News 7 March, 2017 by The TZ Newswire Staff

RigNet Inc. Finally Hits Bottom

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

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