United States Steel Corp. (NYSE:X)’s share price fell 2.7% during trading on Tuesday . The stock 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.

Several equities research analysts have recently issued reports on X shares. Jefferies Group reaffirmed a “sell” rating on shares of United States Steel Corp. in a research report on Sunday, June 12th. Vetr cut shares of United States Steel Corp. from a “sell” rating to a “strong sell” rating and set a $16.63 price objective for the company. in a research report on Monday, May 2nd. Axiom Securities reaffirmed a “sell” rating on shares of United States Steel Corp. in a research report on Tuesday. Argus reaffirmed a “hold” rating on shares of United States Steel Corp. in a research report on Monday, May 2nd. Finally, Credit Suisse Group AG raised shares of United States Steel Corp. to an “outperform” rating and lifted their price objective for the stock from $22.00 to $26.00 in a research report on Wednesday, June 8th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.24.

The firm has a 50-day moving average of $22.52 and a 200 day moving average of $17.34. The company’s market cap is $2.86 billion.

United States Steel Corp. (NYSE:X) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.18. The business earned $2.58 billion during the quarter, compared to analyst estimates of $2.68 billion. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.79) EPS. Equities research analysts anticipate that United States Steel Corp. will post ($0.65) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Wednesday, August 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.20 annualized dividend 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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