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Paragon Offshore plc, together with its subsidiaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis.View PGN key stats
Paragon Offshore PLC - PGN - EQUITY
Reviewed By: TheStreet Ratings on .
Report Summary: TheStreet Ratings team rates Paragon Offshore PLC as a
Sell with a ratings score of E+.
Report Snippet: We rate PARAGON OFFSHORE PLC (PGN) a SELL. This is based on the combination of unfavorable investment measures, which should drive this stock to significantly underperform the majority of stocks that we rate. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and generally high debt management risk.