Pride International, Inc. (NYSE:PDE)
About Pride International, Inc. Pride International, Inc. (Pride) is an offshore drilling contractor. It provides contract drilling services to oil and natural gas exploration and production companies through the use of mobile offshore drilling rigs in the United States and international waters. Pride provides the rigs and drilling crews and is responsible for the payment of operating and maintenance expenses.In addition, it also provides rig management services on a range of rigs, consisting of technical drilling assistance, personnel, repair and maintenance services and drilling operation management services. As of February 19, 2010, the Company operated a fleet of 23 rigs, consisting of two deepwater drill ships, 12 semisubmersible rigs, seven jackups and two managed deepwater drilling rigs. In August 2009, Pride completed the spin-off of Seahawk Drilling, Inc.
52 week range
$21.51 - $34.36
Financials As per its last financial statement ending September 30th, 2010 Pride International, Inc. (NYSE:PDE) generated the total revenue of $346.20 million for the quarter ended. The company reported the net profit of $36.50million resulting in earnings of $0.24 per share for the quarter. The company total assets accumulate up to $6.9 billion with highest proportion of fixed assets in its composition as its property plant and equipment stand at $5.82 billion as on September 30th , 2010. The current ratio stands at 2.21 times depicting that current assets are maintained 2.21 times more than the companyâ€™s current liabilities. The companyâ€™s strong short term liquidity position is also evident from the fact that cash and cash equivalents of $639 million cover the current liabilities of $452.70million by 1.4 times.
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