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Pride International, Inc. (PDE) [hlAlert]

Rating:
Buy PDE
up 128.01 %

Pride International, Inc. (PDE) upgraded to Buy by Deutsche Securities

Posted on: Monday,  Jan 5, 2009  9:25 AM ET by Deutsche Securities

Deutsche Securities rated Buy Pride International, Inc. (NYSE: PDE) on 01/05/2009, when the stock price was $17.85. Since
then, Pride International, Inc. has gained 128.01% as of 05/31/2011's recent price of $40.70.
If you would have followed this Deutsche Securities's recommendation on PDE, you would have gained 128.01% of your investment in 876 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/5/2009 9:25 AM Buy
None
17.85
as of 12/31/2009
1 Week down  -1.50 %
1 Month up  3.16 %
3 Months up  7.19 %
1 YTD up  82.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/15/2008 8:25 AM Hold
None
39.08

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