United States Steel (NYSE:X) Receiving Somewhat Favorable Press Coverage, Analysis Shows

News coverage about United States Steel (NYSE:X) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United States Steel earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.2497038878219 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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A number of equities research analysts have weighed in on X shares. Bank of America downgraded shares of United States Steel from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Friday, March 2nd. ValuEngine upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Citigroup upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.55 to $47.64 in a research note on Monday. Finally, Argus restated a “buy” rating and issued a $52.00 target price (up previously from $41.00) on shares of United States Steel in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.11.

NYSE:X traded down $2.00 on Friday, hitting $34.61. 7,266,473 shares of the stock were exchanged, compared to its average volume of 13,760,503. The stock has a market capitalization of $6,154.15, a P/E ratio of 18.87, a P/E/G ratio of 0.94 and a beta of 2.97. United States Steel has a 52 week low of $18.55 and a 52 week high of $47.64. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81.

United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. equities analysts predict that United States Steel will post 4.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.58%. United States Steel’s dividend payout ratio is currently 10.31%.

In other news, insider Richard Fruehauf sold 1,594 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $45.05, for a total value of $71,809.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $39.95, for a total value of $277,093.20. Following the completion of the sale, the chief executive officer now directly owns 179,567 shares of the company’s stock, valued at $7,173,701.65. The disclosure for this sale can be found here. Insiders have sold a total of 114,895 shares of company stock valued at $4,742,234 over the last three months. Company insiders own 1.01% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for United States Steel (NYSE:X)

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