United States Steel Corporation (X) Receiving Somewhat Favorable News Coverage, Study Shows
Media stories about United States Steel Corporation (NYSE:X) have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United States Steel Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 44.6127829169847 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- What Analysts Project for U.S. Steel Corporation’s 3Q17 Earnings (finance.yahoo.com)
- AK Steel’s 3Q17: Why Analysts Are Predicting Lower Profits (finance.yahoo.com)
- Top 10 Steel Importers: Is US Steel Industry Justified? (finance.yahoo.com)
- United States Steel Corporation (X) and L.B. Foster (FSTR) Financial Analysis (americanbankingnews.com)
- United States Steel Corporation (X) Director Purchases $25,160.00 in Stock (americanbankingnews.com)
Several analysts recently issued reports on X shares. Longbow Research raised United States Steel Corporation from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Standpoint Research raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, June 7th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating on shares of United States Steel Corporation in a research report on Friday, June 30th. Deutsche Bank AG upgraded United States Steel Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, June 23rd. Finally, Argus raised their target price on United States Steel Corporation to $1.48 and gave the company a “buy” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. United States Steel Corporation presently has an average rating of “Hold” and an average target price of $28.52.
United States Steel Corporation (X) opened at 25.79 on Thursday. The firm has a market capitalization of $4.51 billion, a PE ratio of 163.23 and a beta of 2.88. The company has a 50 day moving average price of $25.03 and a 200-day moving average price of $25.65. United States Steel Corporation has a one year low of $16.17 and a one year high of $41.83.
United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.66. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a net margin of 0.24% and a return on equity of 6.50%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) EPS. On average, equities analysts predict that United States Steel Corporation will post $1.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, August 7th. United States Steel Corporation’s payout ratio is presently 125.00%.
In other United States Steel Corporation news, Director Murry Gerber acquired 4,000 shares of United States Steel Corporation stock in a transaction dated Friday, September 1st. The stock was bought at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the purchase, the director now directly owns 168,457 shares in the company, valued at approximately $4,529,808.73. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eugene Sperling acquired 1,000 shares of United States Steel Corporation stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $25.16 per share, with a total value of $25,160.00. Following the completion of the purchase, the director now owns 3,009 shares in the company, valued at $75,706.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 64,597 shares of company stock valued at $1,764,452. Company insiders own 1.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/09/21/united-states-steel-corporation-x-receiving-somewhat-favorable-news-coverage-study-shows.html.
United States Steel Corporation Company Profile
United States Steel Corporation 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).
Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.