United States Steel Corp. (X) Trading Up 6.2%
Shares of United States Steel Corp. (NYSE:X) were up 6.2% during mid-day trading on Monday . The company traded as high as $22.45 and last traded at $22.37, with a volume of 11,977,664 shares changing hands. The stock had previously closed at $21.06.
A number of analysts have recently issued reports on X shares. Vetr upgraded shares of United States Steel Corp. from a “strong sell” rating to a “sell” rating and set a $17.05 price objective on the stock in a research note on Monday, May 9th. Axiom Securities restated a “sell” rating and issued a $5.00 price target on shares of United States Steel Corp. in a research note on Saturday, May 14th. Zacks Investment Research upgraded shares of United States Steel Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, June 30th. Barclays PLC restated 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 note on Tuesday, April 19th. Finally, Cowen and Company restated a “market perform” rating and issued a $18.00 price target (up previously from $8.00) on shares of United States Steel Corp. in a research note on Thursday, April 28th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.86.
The stock’s market capitalization is $3.17 billion. The stock’s 50-day moving average is $21.87 and its 200 day moving average is $16.40.
United States Steel Corp. (NYSE:X) last announced its earnings results on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.18. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the company earned ($0.79) EPS. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, analysts expect that United States Steel Corp. will post ($0.76) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%.
An institutional investor recently raised its position in United States Steel Corp. stock. California Public Employees Retirement System increased its position in United States Steel Corp. (NYSE:X) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 495,600 shares of the company’s stock after buying an additional 72,500 shares during the period. California Public Employees Retirement System owned approximately 0.34% of United States Steel Corp. worth $3,955,000 as of its most recent SEC filing.
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).