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

Rating:
Buy PDE
up 71.65 %

Pride International, Inc. (PDE) rated Buy with price target $43 by MKM Partners

Posted on: Wednesday,  Aug 19, 2009  9:25 AM ET by MKM Partners

MKM Partners rated Buy Pride International, Inc. (NYSE: PDE) on 08/19/2009, when the stock price was $23.71. Since
then, Pride International, Inc. has gained 71.66% as of 05/31/2011's recent price of $40.70.
If you would have followed this MKM Partners's recommendation on PDE, you would have gained 71.65% of your investment in 650 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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/19/2009 9:25 AM Buy
None
23.71 43.00
as of 12/31/2009
1 Week down  -1.50 %
1 Month up  3.16 %
3 Months up  7.19 %
1 YTD up  37.62 %

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