Somewhat Positive News Coverage Somewhat Unlikely to Affect United States Steel (X) Stock Price

Media stories about United States Steel (NYSE:X) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 0.13 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.2290521979293 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

X has been the topic of several research reports. Bank of America set a $46.00 price objective on shares of United States Steel and gave the company a “buy” rating in a report on Monday. Cowen reiterated a “hold” rating and set a $40.00 price objective on shares of United States Steel in a report on Thursday, January 4th. ValuEngine upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and dropped their price objective for the company from $41.83 to $18.55 in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.14.

United States Steel (NYSE:X) traded up $0.32 on Thursday, hitting $39.52. 9,549,400 shares of the company were exchanged, compared to its average volume of 10,350,000. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. United States Steel has a 12 month low of $18.55 and a 12 month high of $41.83. The firm has a market cap of $6,920.00, a price-to-earnings ratio of 58.12 and a beta of 3.00.

United States Steel (NYSE:X) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 4.53% and a return on equity of 22.00%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. sell-side analysts predict that United States Steel will post 1.79 earnings per share for the current fiscal year.

In other news, SVP David J. Rintoul sold 17,640 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $36.57, for a total transaction of $645,094.80. Following the completion of the transaction, the senior vice president now directly owns 63,449 shares of the company’s stock, valued at approximately $2,320,329.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Fruehauf sold 5,959 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $178,770.00. Following the transaction, the insider now directly owns 7,960 shares of the company’s stock, valued at $238,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,698 shares of company stock valued at $2,535,286. Company insiders own 1.00% 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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