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Pride International, Inc. (PDE) [hlAlert]

up 24.00 %

Pride International, Inc. (PDE) rated Buy with price target $42 by C.K. Cooper

Posted on: Wednesday,  Dec 23, 2009  8:25 AM ET by C.K. Cooper

C.K. Cooper rated Buy Pride International, Inc. (NYSE: PDE) on 12/23/2009, when the stock price was $32.82. Since
then, Pride International, Inc. has gained 24.01% as of 05/31/2011's recent price of $40.70.
If you would have followed this C.K. Cooper's recommendation on PDE, you would have gained 24% of your investment in 524 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.

C. K. Cooper & Company has for over a decade provided insightful research ideas and commentary. As the firm identifies focus industries it brings together an analytical team to provide unique vision and insight to select investment ideas. In addition, leveraging on the expertise of the firm, the Research Team can evaluate opportunities against a wide database of industry and competitive trends.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/23/2009 8:25 AM Buy
32.82 42.00
as of 12/31/2009
1 Week down  -1.50 %
1 Month down  -0.57 %
3 Months   
1 YTD down  -0.57 %

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