United States Steel Corp. (NYSE:X)’s share price gapped up before the market opened on Monday . The stock had previously closed at $18.75, but opened at $19.03. United States Steel Corp. shares last traded at $19.96, with a volume of 8,397,551 shares.

Several brokerages have commented on X. Vetr cut shares of United States Steel Corp. from a “buy” rating to a “hold” rating and set a $14.97 price target for the company. in a research report on Monday, March 14th. Bank of America Corp. reissued an “underperform” rating on shares of United States Steel Corp. in a research report on Thursday, March 17th. Credit Suisse Group AG reissued a “buy” rating on shares of United States Steel Corp. in a research report on Thursday, March 24th. Axiom Securities reissued a “sell” rating and issued a $5.00 price target on shares of United States Steel Corp. in a research report on Saturday, May 14th. Finally, Barclays PLC reissued a “hold” rating and issued a $15.00 price target (up previously from $7.00) on shares of United States Steel Corp. in a research report on Tuesday, April 19th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. United States Steel Corp. currently has an average rating of “Hold” and an average price target of $14.80.

The stock’s market cap is $2.93 billion. The firm’s 50 day moving average is $16.54 and its 200 day moving average is $13.50.

United States Steel Corp. (NYSE:X) last released its quarterly earnings results on Tuesday, April 26th. The company reported ($2.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.23) by $0.92. During the same period last year, the firm posted ($0.07) earnings per share. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.51 billion. The company’s quarterly revenue was down 28.5% on a year-over-year basis. On average, analysts expect that United States Steel Corp. will post ($2.00) EPS for the current year.

In other news, Director Stephen J. Girsky purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average cost of $18.94 per share, with a total value of $37,880.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $37,880. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Other hedge funds and institutional investors recently made changes to their positions in the company. Russell Frank Co raised its position in shares of United States Steel Corp. by 347.0% in the fourth quarter. Russell Frank Co now owns 160,511 shares of the company’s stock valued at $1,306,000 after buying an additional 124,606 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of United States Steel Corp. by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 187,955 shares of the company’s stock valued at $1,500,000 after buying an additional 2,483 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of United States Steel Corp. by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 245,401 shares of the company’s stock valued at $1,958,000 after buying an additional 788 shares in the last quarter. California State Teachers Retirement System raised its position in shares of United States Steel Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 278,509 shares of the company’s stock valued at $2,223,000 after buying an additional 4,355 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of United States Steel Corp. by 40.0% in the fourth quarter. First Trust Advisors LP now owns 572,672 shares of the company’s stock valued at $4,570,000 after buying an additional 163,543 shares in the last quarter.

United States Steel Corporation (U. S. Steel) is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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