News articles about United States Steel (NYSE:X) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United States Steel earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 44.3691618681926 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- This Stock Is the ‘Go To’ Infrastructure Name for 2018 (finance.yahoo.com)
- United States Steel (X) Upgraded to “Buy” by ValuEngine (americanbankingnews.com)
- Global Packaging Steel Market Professional Survey Report 2017 (emailwire.com)
- Olympic Steel (ZEUS) vs. United States Steel (X) Head-To-Head Contrast (americanbankingnews.com)
- [$$] Review: The ‘Unlikely Trust’ of Teddy Roosevelt and J.P. Morgan (finance.yahoo.com)
Several brokerages have commented on X. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a report on Sunday. Longbow Research raised United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. KeyCorp reissued a “hold” rating on shares of United States Steel in a report on Friday, November 17th. Cowen cut United States Steel from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $24.00 to $20.00 in a report on Friday, September 22nd. Finally, Jefferies Group reissued a “buy” rating on shares of United States Steel in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. United States Steel has an average rating of “Buy” and an average target price of $29.61.
United States Steel (X) traded down $0.55 during trading hours on Tuesday, reaching $35.19. The company’s stock had a trading volume of 6,469,800 shares, compared to its average volume of 16,093,015. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6,158.06, a PE ratio of 52.52 and a beta of 3.00. United States Steel has a twelve month low of $18.55 and a twelve month high of $41.83.
United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. research analysts forecast that United States Steel will post 1.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were given a $0.05 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.57%. United States Steel’s dividend payout ratio is currently 29.85%.
In related news, SVP David J. Rintoul sold 14,290 shares of United States Steel stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $35.00, for a total value of $500,150.00. Following the completion of the transaction, the senior vice president now owns 70,099 shares in the company, valued at $2,453,465. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard Fruehauf sold 5,959 shares of United States Steel stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $178,770.00. Following the completion of the transaction, the insider now owns 7,960 shares of the company’s stock, valued at approximately $238,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,998 shares of company stock valued at $1,850,071. 1.00% of the stock is currently owned by company insiders.
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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