Home / Street Sector / Concerns Wondering Stocks At New Rating: Suncor Energy(NYSE:SU), Cognizant Technology Solutions (CTSH)

Concerns Wondering Stocks At New Rating: Suncor Energy(NYSE:SU), Cognizant Technology Solutions (CTSH)

Shares of Suncor Energy Inc. (NYSE:SU) [Trend Analysis] runs in leading trade, it surging 0.10% to traded at $30.54. The firm has price volatility of 2.67% for a week and 2.46% for a month. Its beta stands at 1.08 times. Suncor Energy (SU) reported that 2017 capital spending program of among C$4.8 billion and C$5.2 billion, the midpoint of which represent a year over year reduction of about C$1 billion. About 40 percent of the 2017 capital spending program is allocated towards upstream growth projects, comprising Fort Hills and Hebron, which are both predictable to achieve first oil by the end of 2017.

The remaining 60 percent is directed to sustaining capital in the upstream, downstream and corporate sections. Steve Williams, CEO, stated: “Through our 2017 capital spending program, we’ve earmarked the capital required to bring two major growth projects, Fort Hills and Hebron, to completion while at the same time investing in our existing assets to ensure continued safe, reliable and efficient operations. We will maintain the unwavering focus on cost management, which has helped us to generate strong cash flow all through these past two years of low oil prices.” Narrow down four to firm performance, its weekly performance was 2.76% and monthly performance was 4.20%. The stock price of SU is moving up from its 20 days moving average with 2.25% and isolated positively from 50 days moving average with 7.82%.

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) [Trend Analysis] luring active investment momentum, shares a gain 1.90% to $56.38. Law office of Brodsky & Smith, LLC reported that it is investigating potential claims against Cognizant Technology Solutions Corporation (CTSH) for possible infringement of federal and state law. The examination concerns a complaint filed in U.s.District Court for the District of New Jersey.

The complaint alleges that Cognizant officials failed to disclose improper payments made by the Firm for gaining permits and building licenses for some of its facilities in India. Specifically, on September 30, 2016, Cognizant revealed that it was conducting an internal examination concerning whether certain payments relating to facilities in India were made improperly and in possible infringement of the U.S. Foreign corrupt Practices Act. The total volume of 10.5 Million shares held in the session was surprisingly higher than its average volume of 6233.54 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 12.70%, and looking additional price to next year’s EPS is 8.78%. While take a short look on price to sales ratio, that was 2.58 and price to earning ratio of 22.05 attracting passive investors.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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