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Williams Financial Initiates Coverage of ENSCO, Gives Buy Rating, $74 PT
Monday, April 9, 2012 - 12:53pm | 111In a report released earlier today, Williams Financial Group announced that it is initiating coverage on ENSCO plc (NYSE: ESV), giving it a Buy rating and a $74 price target. Williams went on to say in the report “Despite the company's substantial growth strategy and assumption of Pride debt [...
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Duncan-Williams Drops Coverage of Pride International
Wednesday, June 1, 2011 - 6:58am | 94Duncan-Williams dropped its coverage of Pride International (NYSE: PDE) after the company has been taken over by ENSCO (NYSE: ESV). In a research report published today, Duncan-Williams states, "We are dropping coverage of Pride International, Inc. ENSCO (NYSE : ESV : Strong Buy rating) announced...
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Jefferies Raises PT On Pride International To $41
Friday, February 18, 2011 - 8:42am | 27Jefferies & Company has raised the price target on Pride International (NYSE: PDE) from $36 to $41 and maintains its Hold rating.
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Wells Fargo Upgrades PDE To Outperform From Market Perform
Tuesday, February 8, 2011 - 9:43am | 39Wells Fargo is upgrading Pride International, Inc. (NYSE: PDE) to Outperform from Market Perform, and is increasing its valuation range to $45-46 from $34-36 per share. Pride International closed Monday at $39.80.
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Jefferies Downgrades PDE To Hold From Buy
Tuesday, January 11, 2011 - 8:56am | 112Jefferies is downgrading Pride International, Inc. (NYSE: PDE) to Hold from Buy. “With earnings growth moderating in 2012 and the Company trading towards the upper end of our forecasted trading range expectations for the offshore drillers at 6.8x 2012 TEV/EBITDA, 124% of NAV, and 88% of...
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JP Morgan On Offshore Drillers
Wednesday, December 22, 2010 - 9:53am | 208JP Morgan has published a research report on Offshore Drillers in the Oil Services & Equipment sector. In the report, JP Morgan writes "We believe this group will continue to underperform. After assessing the most current data on newbuilds, fixtures, the Gulf of Mexico, and dayrates, not a...
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Pride International Calls Active on M&A Speculation (PDE)
Friday, November 12, 2010 - 4:35pm | 85Offshore drilling service company Pride International (NYSE: PDE) saw its shares spike sharply this afternoon as takeover speculation resurfaced. Pride International shares traded as low as 31.63 before huge volume came in sending the price to 33.60 in minutes. Pride has already traded 3mil shares...
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Jefferies & Company Lowers Pride International Estimates; Maintains Buy Rating
Friday, November 5, 2010 - 9:19am | 150With a premium UDW fleet, good earnings visibility, and outsized EPS growth in 2011 relative to its peers, Jefferies & Company is maintaining its Buy rating on Pride International, Inc. (NYSE: PDE) “as the Company is an attractive acquisition target as well as a pure play on the long-term...