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Pride International, Inc. (PDE) [hlAlert]

Rating:
Hold PDE

Pride International, Inc. (PDE) rated Hold by Dahlman Rose

Posted on: Tuesday,  Mar 8, 2011  8:25 AM ET by Dahlman Rose

Pride International, Inc.
(NYSE: PDE) rated Hold by Dahlman Rose.

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.

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/8/2011 8:25 AM Hold
None
41.77
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2008 9:25 AM Hold
None
34.56

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