United States Steel (X) Earning Somewhat Positive Press Coverage, Analysis Shows
Headlines about United States Steel (NYSE:X) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United States Steel earned a news impact score of 0.06 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.7672860160363 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- Anselm Kiefer’s First Public Work in the United States Debuts this Spring (artforum.com)
- United States Steel (X) Coverage Initiated by Analysts at Goldman Sachs (americanbankingnews.com)
- Future of the United States Steel Slag Market – Growth, Latest Trend & Forecast 2022 (newsient.com)
- U.S. Steel Corporation: Bulls and Bears Clash after Steel Tariffs (finance.yahoo.com)
- Wall Street Turns Bullish on Century Aluminum (finance.yahoo.com)
Shares of United States Steel stock traded down $4.26 on Thursday, hitting $34.50. The company’s stock had a trading volume of 22,771,223 shares, compared to its average volume of 14,248,114. United States Steel has a twelve month low of $18.55 and a twelve month high of $47.64. The firm has a market cap of $6,775.02, a P/E ratio of 15.83, a PEG ratio of 1.08 and a beta of 2.79. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 0.81.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is presently 9.17%.
A number of research analysts have recently issued reports on the company. Bank of America lowered United States Steel from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Friday, March 2nd. JPMorgan Chase & Co. increased their target price on United States Steel from $48.00 to $69.00 in a research report on Friday, March 9th. Argus reiterated a “buy” rating and set a $52.00 target price (up previously from $41.00) on shares of United States Steel in a research report on Wednesday, February 21st. ValuEngine upgraded United States Steel from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Vertical Group lowered United States Steel from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.57.
In other United States Steel news, VP Colleen M. Darragh sold 1,060 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total value of $40,121.00. Following the completion of the sale, the vice president now directly owns 18,076 shares of the company’s stock, valued at approximately $684,176.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sara A. Greenstein sold 2,757 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $45.05, for a total value of $124,202.85. Following the completion of the sale, the vice president now directly owns 35,282 shares of the company’s stock, valued at $1,589,454.10. The disclosure for this sale can be found here. Insiders sold a total of 133,595 shares of company stock valued at $5,427,450 over the last ninety days. Corporate insiders own 1.01% of the company’s stock.
About United States Steel
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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