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Enter Symbol:
 
Pride International, Inc. (PDE) [hlAlert]

Rating:
Outperform
PDE
up 14.15 %

Pride International, Inc. (PDE) upgraded to Outperform by Wachovia

Posted on: Monday,  Aug 11, 2008  8:25 AM ET by Wachovia

Wachovia rated Outperform Pride International, Inc. (NYSE: PDE) on 08/11/2008. Previously Wachovia rated Underperform Pride International, Inc. (NYSE: PDE) on 05/21/2008.,
when the stock price was $45.24. Since then, Pride International, Inc. has lost 12.40% as of 08/11/2008's recent price of $39.63.
If you would have followed the previous Wachovia's recommendation on PDE, you would have gained 14.15% of your investment in 82 days.

Pride International, Inc. (Pride) is an offshore drilling contractor operating, as of February 02, 2009, a fleet of 44 rigs, consisting of two deepwater drillships, 12 semisubmersible rigs, 27 jackups and three managed deepwater drilling rigs. The Company has four ultra-deepwater drillships under construction. Its customers include integrated oil and natural gas companies, state-owned national oil companies and independent oil and natural gas companies. Pride?s operations are conducted in oil and natural gas basins, including South America, the Gulf of Mexico, West Africa, the Mediterranean Sea, the Middle East and Asia Pacific. It provides contract drilling services to oil and natural gas exploration and production companies through the use of mobile offshore drilling rigs in United States and international waters. Pride provides the rigs and drilling crews and is responsible for the payment of operating and maintenance expenses.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/11/2008 8:25 AM Buy
None
39.63
as of 12/24/2008
1 Week down  -0.38 %
1 Month up  16.23 %
3 Months up  43.66 %
1 YTD down  -29.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2008 8:25 AM Sell
None
45.24

(*) Stock Price at the time of the recommendation.
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