United States Steel Corp. (NYSE:X) traded down 5.6% on Friday . The company traded as low as $20.51 and last traded at $20.58, with a volume of 9,752,658 shares trading hands. The stock had previously closed at $21.81.

Several research analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and set a $35.00 price target (up from $25.00) on shares of United States Steel Corp. in a research note on Sunday, July 31st. Morgan Stanley reissued a “hold” rating and set a $19.00 price target on shares of United States Steel Corp. in a research note on Thursday, July 28th. Zacks Investment Research downgraded shares of United States Steel Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Clarkson Capital raised shares of United States Steel Corp. from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Finally, Barclays PLC lifted their price target on shares of United States Steel Corp. from $16.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 3rd. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. United States Steel Corp. currently has an average rating of “Hold” and an average target price of $18.82.

The firm has a 50-day moving average price of $22.20 and a 200 day moving average price of $16.47. The firm’s market capitalization is $2.99 billion.

United States Steel Corp. (NYSE:X) last posted its quarterly 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 firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.68 billion. United States Steel Corp.’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.79) EPS. On average, equities research analysts forecast that United States Steel Corp. will post ($0.76) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, August 8th.

A hedge fund recently raised its stake in United States Steel Corp. stock. California Public Employees Retirement System boosted its position in United States Steel Corp. (NYSE:X) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent 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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