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

Rating:
Outperform
PDE
up 43.15 %

Pride International, Inc. (PDE) rated Outperform with price target $38 by Oppenheimer

Posted on: Thursday,  Sep 10, 2009  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Pride International, Inc. (NYSE: PDE) on 09/10/2009, when the stock price was $28.43. Since
then, Pride International, Inc. has gained 43.16% as of 05/31/2011's recent price of $40.70.
If you would have followed this Oppenheimer's recommendation on PDE, you would have gained 43.15% of your investment in 628 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/10/2009 8:25 AM Buy
None
28.43 38.00
as of 12/31/2009
1 Week down  -1.50 %
1 Month up  3.16 %
3 Months up  7.19 %
1 YTD up  14.77 %

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