Posted On: 09/29/2015 8:13:42 AM Avatar Posted
Post# of 22759
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Posted By: fitzkarz
$PGN Company Shares of Paragon Offshore plc (NYSEGN) Drops by -30.63%
Sep 28, 2015
Paragon Offshore plc (NYSEGN) has lost 30.63% during the past week and dropped 70.4% in the last 4 weeks. The shares are however, marginally negative as compared to the S&P 500 for the past week with a loss of 29.67%. Paragon Offshore plc (NYSEGN) has underperformed the index by 69.52% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
The company shares have dropped 96.44% in the past 52 Weeks. On September 29, 2014 The shares registered one year high of $6.55 and one year low was seen on September 25, 2015 at $0.22. The 50-day moving average is $0.59 and the 200 day moving average is recorded at $1.18. S&P 500 has rallied 2.35% during the last 52-weeks.
Paragon Offshore plc (NYSEGN) witnessed a decline in the market cap on Friday as its shares dropped 17.78% or 0.048 points. After the session commenced at $0.26, the stock reached the higher end at $0.2699 while it hit a low of $0.22. With the volume soaring to 2,405,558 shares, the last trade was called at $0.222. The company has a 52-week high of $6.69. The company has a market cap of $19 million and there are 85,986,000 shares in outstanding. The 52-week low of the share price is $0.22.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Stilley Randall D, CEO of Paragon Offshore Plc, executed a transaction worth $99,830 on December 15, 2014. A total of 33,500 shares were purchased at an average price of $2.98. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 1.1% of Paragon Offshore plc Company shares. Institutional Investors own 76.9% of Company shares. During last 3 month period, -13.44% of total institutional ownership has changed in the company shares.
Paragon Offshore plc (NYSEGN) has shown a drop of 1% or 216,993 shares in the short positions. The bets have increased to 20,979,863 shares on September 15,2015 from 21,196,856 shares on August 31,2015. With respect to the floated shares, the shorts are 25%. The sharess days to cover are calculated to be 14, using the standard per day volume of 1,542,658 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on September 24th.
Paragon Offshore plc is a provider of offshore drilling units serving the oil and gas industry. The Companys fleet consists of 42 mobile offshore drilling units (MODUs) (34 jackups, five drillships and three semisubmersibles), one floating production, storage and offtake (FPSO) and conduct contract labor operations on the Hibernia Platform offshore eastern Canada. The Company also performs drilling operations on the Hibernia Platform offshore Eastern Canada. It operates in hydrocarbon-producing geographies worldwide, including Mexico, Brazil, the North Sea, West Africa, the Middle East, India and Southeast Asia. On August 1, 2014, Noble Corporation plc (Noble) completed the separation and spin-off of its offshore drilling business (the Spin-off) through a pro rata distribution of all of the ordinary shares of its wholly owned subsidiary, Paragon Offshore plc (Paragon Offshore), a public limited company incorporated under the laws of England and Wales.
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