Paragon Offshore (pgn) Stock Plunges Today On Oil Price Decline, Bearish Analyst Note

NEW YORK ( TheStreet) -- Shares of offshore driller Paragon Offshore plunged 15.59% to $1.71 in late afternoon trading Tuesday as oil prices declined to stop their recent rally. U.S. oil prices have climbed almost 30% since a low in March, as analysts had expected that the oversupplied market would balance in 2015. But analysts are now warning that, although U.S.

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