Stocks of Paragon Offshore, PLC (OTCMKTS:PGNPQ) Advance Following Speech by CEO

Paragon Offshore, PLC (OTCMKTS:PGNPQ)’s President and Chief Executive Officer, Randall D. Stilley spoke at Pareto Securities’ 23rd Annual Oil and Offshore Conference in Oslo, Norway.

HOUSTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — Paragon Offshore plc (“Paragon”) (PGNPQ) President and Chief Executive Officer Randall D. Stilley spoke today at Pareto Securities’ 23rd Annual Oil and Offshore Conference in Oslo, Norway.  Presentations from the conference are not webcast.  However, Paragon has made the slides from Mr. Stilley’s presentation available on Paragon’s website at under “Events & Presentations” in the “Investor Relations” section of the website.

About Paragon Offshore

Paragon is a global provider of offshore drilling rigs.  Paragon’s operated fleet includes 34 jackups, including two high specification heavy duty/harsh environment jackups, four drillships, and two semisubmersibles.  Paragon’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 on a dayrate basis around the world. Paragon’s principal executive offices are located in Houston, Texas. Paragon is a public limited company registered in England and Wales with company number 08814042 and registered office at 20-22 Bedford Row, London, WC1R 4JS, England. Additional information is available at

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The mathematical calculation that represents the degree of change over time is known as “percentage change”.   In finance, it serves many purposes, and is often used to represent the price change of a commodity.

Percentage change can be applied to any quantity that is measured over time any given time period.  Say you are tracking the price of a stock.  If the price increased, the formula [(New Price – Old Price)/Old Price] is applied and then take that number and multiply it by 100.  If the price of a stock decreased, the formula [(Old Price – New Price)/Old Price] is applied then multiplied by 100.

The formula can be used to track the prices of both individual commodities and large market listings, and also used to compare the values of different currencies.  Balance sheets with comparative financial statements often will include prices of specific stocks at different time periods alongside the percentage change over the same periods of time.  Over the past three months, Paragon Offshore, PLC (OTCMKTS:PGNPQ) has seen 332400 shares trade hands on average.

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PARAGON OFFSHORE PLC ORD UNITED (PGNPQ) shares closed the most recent session at $0.74 moving from the previous open or $-0.01.  This is compared to the stock’s 52-week high of 1.26 and 52-week low of 0.05.

Companies are ranked according to their market caps, falling into large-cap, mid-cap and small-cap categories.

Large-cap companies have a market cap north of $10 billion.  These large companies have usually been in business for a long time, and are major participants in well-established sectors.  Investors in large-cap companies don’t necessarily bank large returns in short time periods, though are rewarded with a constant increase in share value over the long run.

Mid-cap companies have a market cap of $2 billion – $10 billion.  Mid-cap companies are usually established companies operating in an industry that is expected to experience quick growth.  Mid-cap companies are usually in the middle of expansion.  They carry higher risk than large-cap companies due to the fact that they are not as established, though their growth potential remains an attraction to investors.

Small-cap companies have a market cap of $300 million – $2 billion.  These smaller companies are usually newer or perhaps service a niche market or a new industry.  Generally considered to be a higher risk than mid or large-cap in part because of their age, their size and the markets they serve.  Small-cap companies usually have fewer resources and are more sensitive to the ebb-and-flow of markets.  Paragon Offshore, PLC (OTCMKTS:PGNPQ)’s market cap currently sits at $65010000.

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