United States Steel (X) Earns Daily News Impact Rating of 0.09
Media headlines about United States Steel (NYSE:X) have trended somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United States Steel earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 44.1278655802865 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Recent Institutional Activity: Opko Health, Inc. (OPK), United States Steel Corporation (X) – Market Movers (financialqz.com)
- Chicago group sues US Steel over Indiana plant’s discharges (marketbeat.com)
- United States Steel Co. (X) CEO David B. Burritt Sells 6,936 Shares (americanbankingnews.com)
- Why We Revised Our Price Estimate For U.S. Steel to $38 (finance.yahoo.com)
- The Breakout In Steel Stocks Were Forecasted In November (finance.yahoo.com)
Several research analysts have commented on X shares. BMO Capital Markets lifted their price target on United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Cowen raised United States Steel from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $20.00 to $28.00 in a research report on Thursday, November 2nd. ValuEngine downgraded United States Steel from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Longbow Research reaffirmed a “neutral” rating on shares of United States Steel in a research report on Tuesday, October 3rd. Finally, Bank of America set a $46.00 price target on United States Steel and gave the stock a “buy” rating in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $31.14.
United States Steel (NYSE:X) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.25. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm earned $0.40 EPS. United States Steel’s revenue for the quarter was up 20.9% compared to the same quarter last year. research analysts expect that United States Steel will post 1.85 earnings per share for the current fiscal year.
In related news, SVP Sara A. Greenstein sold 3,606 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $108,180.00. Following the sale, the senior vice president now owns 51,744 shares of the company’s stock, valued at approximately $1,552,320. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Colleen M. Darragh sold 1,060 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were 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 in the company, valued at approximately $684,176.60. The disclosure for this sale can be found here. Insiders have sold a total of 82,634 shares of company stock worth $2,812,380 in the last three months. 1.00% of the stock is owned by 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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