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

Rating:
Market Perform
PDE
up 26.79 %

Pride International, Inc. (PDE) downgraded to Market Perform by BMO Capital Markets

Posted on: Wednesday,  Jan 20, 2010  9:25 AM ET by BMO Capital Markets

BMO Capital Markets rated Market Perform Pride International, Inc. (NYSE: PDE) on 01/20/2010. Previously BMO Capital Markets rated Outperform Pride International, Inc. (NYSE:
PDE) on 09/02/2009., when the stock price was $25.34. Since then, Pride International, Inc. has gained 26.80% as of 01/20/2010's recent price of $32.13.
If you would have followed the previous BMO Capital Markets's recommendation on PDE, you would have gained 26.79% of your investment in 140 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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/20/2010 9:25 AM Hold
None
32.13
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD up  0.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/2/2009 8:25 AM Buy
None
25.34 32.00

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