Pride International

In 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 [...

Duncan-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...

Jefferies & Company has raised the price target on Pride International (NYSE: PDE) from $36 to $41 and maintains its Hold rating.

Wells 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.

Jefferies 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...

JP 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...

With 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...