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

Rating:
Underweight
PDE
down 62.77 %

Pride International, Inc. (PDE) rated Underweight by JP Morgan

Posted on: Wednesday,  Jan 14, 2009  8:25 AM ET by JP Morgan

JP Morgan rated Underweight Pride International, Inc. (NYSE: PDE) on 01/14/2009, when the stock price was $15.15. Since
then, Pride International, Inc. has gained 168.65% as of 05/31/2011's recent price of $40.70.
If you would have followed this JP Morgan's recommendation on PDE, you would have lost 62.77% of your investment in 867 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2009 8:25 AM Sell
None
15.15
as of 12/31/2009
1 Week up  1.50 %
1 Month down  -3.16 %
3 Months down  -7.19 %
1 YTD down  -115.37 %

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