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

Rating:
Neutral PDE
up 19.34 %

Pride International, Inc. (PDE) downgraded to Neutral by UBS

Posted on: Tuesday,  Feb 8, 2011  8:25 AM ET by UBS

UBS rated Neutral Pride International, Inc. (NYSE: PDE) on 02/08/2011. Previously UBS rated Buy Pride International, Inc. (NYSE: PDE) on 11/05/2010.,
when the stock price was $33.03. Since then, Pride International, Inc. has gained 19.35% as of 02/08/2011's recent price of $39.42.
If you would have followed the previous UBS's recommendation on PDE, you would have gained 19.34% of your investment in 95 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2011 8:25 AM Hold
None
39.42
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD up  19.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2010 12:25 PM Buy
None
33.03 38.00
5/15/2008 8:25 AM Hold
None
44.29

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