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

Rating:
Outperform
PDE
up 32.40 %

Pride International, Inc. (PDE) rated Outperform by Bernstein

Posted on: Thursday,  Oct 1, 2009  8:25 AM ET by Bernstein

Bernstein rated Outperform Pride International, Inc. (NYSE: PDE) on 10/01/2009, when the stock price was $30.74. Since
then, Pride International, Inc. has gained 32.40% as of 05/31/2011's recent price of $40.70.
If you would have followed this Bernstein's recommendation on PDE, you would have gained 32.4% of your investment in 607 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.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 8:25 AM Buy
None
30.74
as of 12/31/2009
1 Week down  -1.50 %
1 Month up  3.16 %
3 Months up  6.14 %
1 YTD up  6.14 %

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