United States Steel Corp. (NYSE:X) dropped 4.1% during mid-day trading on Tuesday . The stock traded as low as $20.55 and last traded at $20.82, with a volume of 8,917,096 shares traded. The stock had previously closed at $21.72.

X has been the subject of several recent research reports. Vetr downgraded United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.01 price target for the company. in a report on Monday, July 11th. Zacks Investment Research upgraded United States Steel Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 4th. Barclays PLC reiterated an “equal weight” rating and set a $16.00 price target (up previously from $15.00) on shares of United States Steel Corp. in a report on Tuesday, July 12th. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corp. in a report on Tuesday, April 12th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of United States Steel Corp. in a report on Wednesday, July 6th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.86.

The firm’s market cap is $3.06 billion. The firm has a 50-day moving average price of $17.60 and a 200 day moving average price of $13.98.

United States Steel Corp. (NYSE:X) last posted its earnings results on Tuesday, April 26th. The company reported ($2.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.23) by $0.92. The business earned $2.34 billion during 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. During the same period last year, the firm posted ($0.07) earnings per share. Equities research analysts predict that United States Steel Corp. will post ($1.83) earnings per share for the current fiscal year.

In other news, Director Stephen J. Girsky acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was bought at an average price of $18.94 per share, with a total value of $37,880.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $37,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of institutional investors recently added to or reduced their stakes in X. Hodges Capital Management Inc. increased its position in 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 valued at $21,336,000 after buying an additional 1,164,668 shares during the period. First Trust Advisors LP increased its position in 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 during the period. California Public Employees Retirement System increased its position in United States Steel Corp. by 17.1% in the fourth quarter. California Public Employees Retirement System now owns 495,600 shares of the company’s stock valued at $3,955,000 after buying an additional 72,500 shares during the period. BBT Capital Management LLC bought a new position in United States Steel Corp. during the fourth quarter valued at $2,873,000. Finally, BNP Paribas Arbitrage SA increased its position in United States Steel Corp. by 7.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 293,150 shares of the company’s stock valued at $2,339,000 after buying an additional 19,135 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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