United States Steel (X) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" X shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in X, but not buy additional shares or sell existing shares.
View X analyst ratings or view top-rated stocks.

7 brokerages have issued 1 year price targets for United States Steel's shares. Their X share price forecasts range from $24.00 to $37.00. On average, they expect the company's stock price to reach $28.14 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price.
View analysts price targets for X or view top-rated stocks among Wall Street analysts.

United States Steel's stock was trading at $25.05 at the start of the year. Since then, X stock has decreased by 13.3% and is now trading at $21.71.
View the best growth stocks for 2023 here.

United States Steel saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,380,000 shares, an increase of 21.1% from the April 30th total of 16,830,000 shares. Based on an average trading volume of 7,110,000 shares, the short-interest ratio is presently 2.9 days. Approximately 9.1% of the shares of the company are short sold.
View United States Steel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our X earnings forecast.

United States Steel Co. (NYSE:X) posted its earnings results on Friday, April, 28th. The basic materials company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.16. The basic materials company had revenue of $4.47 billion for the quarter, compared to analysts' expectations of $4.25 billion. United States Steel had a net margin of 9.07% and a trailing twelve-month return on equity of 19.66%. The business's revenue was down 14.6% compared to the same quarter last year. During the same period last year, the company posted $3.05 EPS.

United States Steel announced a quarterly dividend on Thursday, April 27th. Investors of record on Monday, May 8th will be given a dividend of $0.05 per share on Wednesday, June 7th. This represents a $0.20 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, May 5th.
Read our dividend analysis for X.

ETFs with the largest weight of United States Steel (NYSE:X) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Aztlan Global Stock Selection DM SMID ETF (AZTD), The Acquirers Fund (ZIG), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV) and Invesco DWA Basic Materials Momentum ETF (PYZ).

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.93%. The dividend payout ratio is 2.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 11.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for X.

United States Steel announced that its board has authorized a stock buyback plan on Thursday, July 28th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

United States Steel updated its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of $0.58-$0.63 for the period, compared to the consensus EPS estimate of $0.41. The company issued revenue guidance of -.

116 employees have rated United States Steel Chief Executive Officer David Burritt on Glassdoor.com. David Burritt has an approval rating of 41% among the company's employees. This puts David Burritt in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 45.0% of employees surveyed would recommend working at United States Steel to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other United States Steel investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE) and AK Steel (AKS).

United States Steel trades on the New York Stock Exchange (NYSE) under the ticker symbol "X."

United States Steel's stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.30%), Slate Path Capital LP (2.09%), Two Sigma Advisers LP (1.94%), UBS Group AG (0.00%), Donald Smith & CO. Inc. (1.57%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Alicia J Davis, Andrea J Ayers, Christine S Breves, David B Burritt, Duane D Holloway, James E Bruno, Kenneth E Jaycox, Manpreet Grewal, Richard Fruehauf, Scott D Buckiso and Tracy A Atkinson.
View institutional ownership trends.

Shares of X stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of X stock can currently be purchased for approximately $21.71.

United States Steel (NYSE:X) has a market capitalization of $4.92 billion and generates $21.07 billion in revenue each year. The basic materials company earns $2.52 billion in net income (profit) each year or $6.73 on an earnings per share basis.

The company employs 22,740 workers across the globe.

United States Steel's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The official website for the company is www.ussteel.com. The basic materials company can be reached via phone at (412) 433-1121, via email at klewis@uss.com, or via fax at 302-674-5266.