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

Rating:
Outperform
PDE
up 25.96 %

Pride International, Inc. (PDE) upgraded to Outperform by Credit Suisse

Posted on: Wednesday,  Apr 28, 2010  8:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Pride International, Inc. (NYSE: PDE) on 04/28/2010, when the stock price was $32.31. Since
then, Pride International, Inc. has gained 25.97% as of 05/31/2011's recent price of $40.70.
If you would have followed this Credit Suisse's recommendation on PDE, you would have gained 25.96% of your investment in 398 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/28/2010 8:25 AM Buy
None
32.31
as of 12/31/2010
1 Week down  -0.39 %
1 Month up  4.91 %
3 Months up  10.87 %
1 YTD up  0.99 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/19/2010 10:25 AM Hold
None
29.15 32.00
2/20/2009 8:25 AM Hold
None
16.48 25.00

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