Shares Of Pride International (PDE) Fall 5%

Shares of Pride International Inc

closed Monday trading down 4.97% at $23.90 per share. Volume of 4.5 million shares was about 1.4 times higher than the the daily average volume of 3.2 million shares. The day's trading range for shares of Pride International Inc was between $23.86 and $25.14 per share. J.P. Morgan analysts J. David Anderson, Adam Aron and Samantha Hoh maintained Pride International Inc's rating of Neutral and lowered their price target to $30 per share, down from the previous price target of $33. The analysts said that of all the offshore drillers that they followed, Pride International Inc was at the greatest risk of a downward earnings revision.