United States Steel Co. (NYSE:X) shares gapped down prior to trading on Tuesday . The stock had previously closed at $13.68, but opened at $13.29. United States Steel shares last traded at $12.96, with a volume of 9,879,683 shares trading hands.

Several equities analysts have issued reports on X shares. ValuEngine lowered United States Steel from a “sell” rating to a “strong sell” rating in a research note on Monday, August 26th. Deutsche Bank lowered United States Steel from a “hold” rating to a “sell” rating and set a $12.64 target price on the stock. in a research note on Thursday, May 30th. Goldman Sachs Group lowered United States Steel from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $17.00 to $11.00 in a research note on Tuesday, June 4th. Barclays initiated coverage on United States Steel in a research note on Friday, September 6th. They set an “overweight” rating on the stock. Finally, Credit Suisse Group dropped their price target on United States Steel from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. United States Steel presently has a consensus rating of “Hold” and a consensus price target of $17.95.

The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 2.06, a P/E/G ratio of 2.44 and a beta of 3.01. The stock has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $15.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 0.74.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. United States Steel had a return on equity of 19.27% and a net margin of 6.95%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the company posted $1.46 earnings per share. United States Steel’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities analysts expect that United States Steel Co. will post 0.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, August 13th. United States Steel’s payout ratio is 3.73%.

Hedge funds have recently made changes to their positions in the company. NEXT Financial Group Inc increased its position in shares of United States Steel by 139.8% during the second quarter. NEXT Financial Group Inc now owns 3,153 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,838 shares in the last quarter. Rational Advisors LLC increased its position in shares of United States Steel by 178.5% during the second quarter. Rational Advisors LLC now owns 4,280 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 2,743 shares in the last quarter. CenterStar Asset Management LLC purchased a new stake in shares of United States Steel during the second quarter worth approximately $77,000. Coastal Investment Advisors Inc. increased its position in shares of United States Steel by 5,611.0% during the second quarter. Coastal Investment Advisors Inc. now owns 5,711 shares of the basic materials company’s stock worth $90,000 after purchasing an additional 5,611 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in shares of United States Steel during the second quarter worth approximately $92,000. 60.77% of the stock is owned by institutional investors and hedge funds.

United States Steel Company Profile (NYSE:X)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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