Pride International Stock Hits New 52-Week High (PDE)

NEW YORK ( TheStreet) -- Pride International (NYSE: PDE) hit a new 52-week high Monday as it traded at $43.84 compared with its previous 52-Week high of $43.78. Pride International is changing hands at $43.80 with 71,594 shares traded as of 10:02 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

Pride International has a market cap of $7.6 billion and is part of the basic materials sector and energy industry.

Pride International, Inc. provides offshore contract drilling services to oil and natural gas exploration and production companies. It offers services through the use of mobile offshore drilling rigs in the United States and international waters.
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TheStreet Ratings rates Pride International as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full Pride International Ratings Report.

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