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

Rating:
Buy PDE
up 27.02 %

Pride International, Inc. (PDE) upgraded to Buy with price target $42 by Jesup & Lamont

Posted on: Monday,  Nov 9, 2009  8:25 AM ET by Jesup & Lamont

Jesup & Lamont rated Buy Pride International, Inc. (NYSE: PDE) on 11/09/2009, when the stock price was $32.04.
Since then, Pride International, Inc. has gained 27.03% as of 05/31/2011's recent price of $40.70.
If you would have followed this Jesup & Lamont's recommendation on PDE, you would have gained 27.02% of your investment in 568 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.

Jesup & Lamont's research analysts provide world class research analysis to our clients. Our goal is to deliver fresh ideas within the right sectors, at the right time. In addition to fundamental analysis of companies and sectors, we employ strategists, and technical analysts with comprehensive research insights. As much as we put an emphasis on having the best analytical minds in the business and high ethical standards, intellectual honesty and objectivity are equally as important. Based on its experience and depth of resources, Jesup & Lamont Equity Research provides the financial and strategic advice necessary for successful equity management. Dedicated to providing insightful analysis of stockmarkets and companies, Jesup & Lamont Equity Research is recognized for the quality and timeliness of its investment recommendations. In Equity Research, we have significantly expanded our capabilities to better serve our corporate and institutional clients. Our current coverage list spotlights; Aerospace & Defense, Alternative Energy, Oil & Gas, Retail, Transportation and Utilities. Research extends into every corner of our equities business, supplying invaluable analysis, information, and advise for our clients.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/9/2009 8:25 AM Buy
None
32.04 42.00
as of 12/31/2009
1 Week down  -1.50 %
1 Month up  3.16 %
3 Months up  1.84 %
1 YTD up  37.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/16/2009 8:25 AM Hold
None
21.66
4/7/2009 8:25 AM Buy
None
20.16 24.00
6/12/2008 8:25 AM Buy
None
45.05 57.50

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