United States Steel Corp. (NYSE:X) fell 2.7% on Tuesday . The company traded as low as $19.65 and last traded at $19.70, with a volume of 6,163,725 shares changing hands. The stock had previously closed at $20.24.

X has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $35.00 price target (up from $25.00) on shares of United States Steel Corp. in a research report on Sunday, July 31st. Morgan Stanley reiterated a “hold” rating and set a $19.00 price target on shares of United States Steel Corp. in a research report on Thursday, July 28th. Zacks Investment Research downgraded United States Steel Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Clarkson Capital upgraded United States Steel Corp. from a “sell” rating to a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Barclays PLC lifted their price objective on United States Steel Corp. from $16.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 3rd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.18.

The company’s market cap is $2.76 billion. The stock’s 50 day moving average price is $22.48 and its 200 day moving average price is $17.36.

United States Steel Corp. (NYSE:X) last released 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. During the same quarter in the previous year, the company earned ($0.79) EPS. The company earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.68 billion. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities research analysts forecast that United States Steel Corp. will post ($0.72) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be issued 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 dividend yield of 1.03%.

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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