United States Steel Corp. (X) Trading 2.1% Higher
United States Steel Corp. (NYSE:X) shares traded up 2.1% during trading on Friday . The company traded as high as $21.90 and last traded at $21.73, with a volume of 6,332,881 shares changing hands. The stock had previously closed at $21.28.
Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed a “hold” rating on shares of United States Steel Corp. in a research report on Tuesday, April 26th. Jefferies Group reaffirmed a “sell” rating on shares of United States Steel Corp. in a research report on Sunday, June 12th. Argus reaffirmed a “hold” rating on shares of United States Steel Corp. in a research report on Monday, May 2nd. Rosenblatt Securities raised United States Steel Corp. from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, April 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of United States Steel Corp. in a research report on Wednesday, April 27th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.86.
The stock’s market cap is $3.17 billion. The company has a 50-day moving average of $17.39 and a 200-day moving average of $13.80.
United States Steel Corp. (NYSE:X) last released its quarterly earnings results on Tuesday, April 26th. The company reported ($2.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.23) by $0.92. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.51 billion. United States Steel Corp.’s quarterly revenue was down 28.5% compared to the same quarter last year. Equities analysts forecast that United States Steel Corp. will post ($1.86) earnings per share for the current year.
In related news, Director Stephen J. Girsky purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was bought at an average cost of $18.94 per share, with a total value of $37,880.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $37,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have made changes to their positions in X. Hodges Capital Management Inc. boosted its stake in shares of United States Steel Corp. by 77.2% in the fourth quarter. Hodges Capital Management Inc. now owns 2,673,689 shares of the company’s stock worth $21,336,000 after buying an additional 1,164,668 shares during the period. BBT Capital Management LLC acquired a new stake in shares of United States Steel Corp. during the fourth quarter worth $2,873,000. First Trust Advisors LP boosted its stake 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 worth $4,570,000 after buying an additional 163,543 shares during the period. Shell Asset Management Co. acquired a new stake in shares of United States Steel Corp. during the fourth quarter worth $1,149,000. Finally, Russell Frank Co boosted its stake 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 worth $1,306,000 after buying an additional 124,606 shares during the period.
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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