News Recap: Zoetis Inc (NYSE:ZTS), Fortress Investment Group LLC (NYSE:FIG), Cobalt International Energy, Inc. (NYSE:CIE)

Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Zoetis Inc (NYSE:ZTS) shares decreased 1.79% and closed at $32.84. Analysts at Jefferies Group started coverage on shares of ZTS in a research report issued to clients and investors on Mar. 13. The firm set a “buy” rating and a $40.00 price target on the stock.

Additionally, the company, on Feb. 6, announced the closing of its previously announced initial public offering. The offering of 99,015,000 shares of its Class A common stock included 12,915,000 shares of Class A common stock that were sold pursuant to the underwriters` option to purchase additional shares, which was exercised in full prior to the closing.

How Should Investors Trade ZTS After The Recent Price movement? Find out Here

Fortress Investment Group LLC (NYSE:FIG) shares fell 1.76% to $6.68. Equities research analysts at Jefferies Group upped their price target on shares of Fortress from $5.00 to $6.00 in a research note issued to investors Mar 6. The firm currently has a “hold” rating on the stock.

Additionally, the company released its earnings data on Feb. 27. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $417.64 million, compared to the consensus estimate of $217.52 million.

Is FIG a Strong Buying Opportunity After The Recent Slump? Find out Here

Cobalt International Energy, Inc. (NYSE:CIE) shares decreased 1.73% and closed at $26.15. The company, on Mar. 11, announced the election of Mr. William P. Utt to Cobalt's Board of Directors. Mr. Utt's election brings the number of directors to thirteen. His initial term as a director is effective immediately and will expire at Cobalt's 2015 Annual Meeting of Stockholders, at which time he will be up for re-election.

Additionally, the company, on Feb. 26, announced a net loss of $67 million, or $0.16 per basic and diluted share for the fourth quarter of 2012, compared to a net loss of $51 million, or $0.13 per basic and diluted share, for the fourth quarter of 2011.

How Should Investors Trade CIE After The Recent Price movement? Find out Here

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