United States Steel Corporation (X) Receiving Somewhat Positive News Coverage, Report Finds
News coverage about United States Steel Corporation (NYSE:X) has trended somewhat positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United States Steel Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.3388388738823 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- United States Steel Corporation (X) to Grab Passive Investors ‘s Attentions on Active Obligations – Stock News Stop (stockmarketstop.com)
- Stocks Messing With The Heads Of Investors: United States Steel Corporation (X), Celsion Corporation (CLSN) – Market Movers (financialqz.com)
- What Can Investors Expect in 4Q17? (finance.yahoo.com)
- United States Steel Corporation (X) to Post FY2018 Earnings of $1.88 Per Share, KeyCorp Forecasts (americanbankingnews.com)
- U.S. Steel Poised on Carnegie Way Initiatives, Auto Demand (finance.yahoo.com)
A number of analysts have weighed in on the stock. Longbow Research cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Argus boosted their target price on shares of United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research note on Friday, July 28th. Cowen Inc boosted their target price on shares of United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Macquarie assumed coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 target price on the stock. Finally, Bank of America Corporation raised shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $29.00 to $31.00 in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.34.
United States Steel Corporation (X) traded up $0.70 during mid-day trading on Friday, reaching $29.21. 6,409,696 shares of the company traded hands, compared to its average volume of 16,754,600. The firm has a market capitalization of $4,989.09, a price-to-earnings ratio of 19.94 and a beta of 2.96. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. United States Steel Corporation has a 1-year low of $18.55 and a 1-year high of $41.83.
United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.25. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. United States Steel Corporation’s revenue for the quarter was up 20.9% on a year-over-year basis. equities analysts anticipate that United States Steel Corporation will post 1.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. United States Steel Corporation’s dividend payout ratio is currently 29.85%.
In other United States Steel Corporation news, Director Eugene Sperling bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $25.16 per share, with a total value of $25,160.00. Following the completion of the transaction, the director now directly owns 3,009 shares in the company, valued at approximately $75,706.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Bradley acquired 36,762 shares of United States Steel Corporation stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of $27.23 per share, with a total value of $1,001,029.26. Following the completion of the transaction, the chief financial officer now directly owns 30,415 shares in the company, valued at approximately $828,200.45. The disclosure for this purchase can be found here. Insiders have bought 64,597 shares of company stock worth $1,764,452 in the last quarter. Company insiders own 1.00% of the company’s stock.
About United States Steel Corporation
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).
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