Zacks Investment Research upgraded shares of PARAGON OFFSHOR (PGN) from UNDERPERFORM to NEUTRAL on November 12, 2014, with a target price of $5.00.
Paragon Offshore plc operates as a provider of standard specification offshore drilling rigs. The Company's primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers. Its drilling fleet consists of standard specification rigs and includes jackups and floaters (drillships and semisubmersibles). The Company operates primarily in the North Sea, Mexico, Brazil, the Middle East, West Africa, the United States, and India. Paragon Offshore plc is based in London, United Kingdom.
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