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NYSE:X

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

$32.02
+0.79 (+2.53%)
(As of 09/22/2023 ET)
Compare
Today's Range
$31.51
$32.06
50-Day Range
$22.49
$32.02
52-Week Range
$17.89
$32.52
Volume
9.88 million shs
Average Volume
7.99 million shs
Market Capitalization
$7.14 billion
P/E Ratio
6.16
Dividend Yield
0.62%
Price Target
$24.29

United States Steel MarketRank™ Forecast

Analyst Rating
Reduce
1.57 Rating Score
Upside/​Downside
24.2% Downside
$24.29 Price Target
Short Interest
Healthy
5.84% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.31
Upright™ Environmental Score
News Sentiment
0.92mentions of United States Steel in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$3.22 M Sold Last Quarter
Proj. Earnings Growth
-60.25%
From $4.00 to $1.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Basic Materials Sector

128th out of 164 stocks

Blast Furnaces & Steel Mills Industry

10th out of 11 stocks


X stock logo

About United States Steel (NYSE:X) Stock

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical products. This segment serves customers in the automotive, appliance, construction, container, transportation, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

X Price History

X Stock News Headlines

Hanesbrands, United States Steel rise; Block, Rocket Lab fall, Tuesday, 9/19/2023
Stocks that are trading heavily or have substantial price changes on Tuesday: Hanesbrands, United States Steel rise; Block, Rocket Lab fall
Unusual Passive Income Investment (Found on a Golf Course)
One man turned $1,000 into a decades long passive income stream... eventually reaching $100,000 per year! All from a single golf course tip. CLICK HERE TO FIND OUT HOW HE DID IT
Potential Bids for U.S. Steel Keep Getting Weirder
U.S. Steel in carbon capture test with NETL
Unusual Passive Income Investment (Found on a Golf Course)
One man turned $1,000 into a decades long passive income stream... eventually reaching $100,000 per year! All from a single golf course tip. CLICK HERE TO FIND OUT HOW HE DID IT
United States Steel (NYSE:X) Coverage Initiated at StockNews.com
How the auto strike could play out for steelmakers
U. S. Steel Featured on Tomorrow’s World Today®
How U.S. Steel is carrying out its ambitious net-zero goal
Cleveland-Cliffs' bid to keep US blast furnaces smelting
PRESS DIGEST- Wall Street Journal - Aug 30
See More Headlines
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X Company Calendar

Last Earnings
7/28/2023
Ex-Dividend for 9/7 Dividend
8/04/2023
Dividend Payable
9/07/2023
Today
9/22/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
91290910
Employees
22,740
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$24.29
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
-24.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.57
Research Coverage
7 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
9.15%

Debt

Sales & Book Value

Annual Sales
$21.07 billion
Cash Flow
$15.85 per share
Book Value
$45.50 per share

Miscellaneous

Free Float
220,779,000
Market Cap
$7.14 billion
Optionable
Optionable
Beta
2.14
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Key Executives

  • Mr. David Boyd BurrittMr. David Boyd Burritt (Age 68)
    Pres, CEO & Director
    Comp: $9.49M
  • Ms. Jessica T. Graziano (Age 50)
    Sr. VP & CFO
    Comp: $1.12M
  • Mr. Duane D. HollowayMr. Duane D. Holloway (Age 50)
    Sr. VP, Gen. Counsel, Chief Ethics & Compliance Officer
    Comp: $2.29M
  • Mr. Scott D. BuckisoMr. Scott D. Buckiso (Age 56)
    Sr. VP & Chief Manufacturing Officer - North American Flat- Rolled Segment
    Comp: $2.34M
  • Mr. James E. BrunoMr. James E. Bruno (Age 57)
    Sr. VP of European Solutions & Pres of U. S. Steel Košice
    Comp: $4.06M
  • Mr. Manpreet S. GrewalMr. Manpreet S. Grewal (Age 44)
    VP, Controller & Chief Accounting Officer
  • Mr. Christian Gianni
    Sr. VP & CTO
  • Mr. Steve Bugajski
    Chief Information Officer
  • Ms. Emily Christine Chieng C.F.A.
    Investor Relations Officer
  • Ms. Tara Carraro
    Sr. VP & Chief Communications Officer













X Stock - Frequently Asked Questions

Should I buy or sell United States Steel stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" X shares.
View X analyst ratings
or view top-rated stocks.

What is United States Steel's stock price forecast for 2023?

7 brokers have issued 12 month target prices for United States Steel's shares. Their X share price forecasts range from $19.00 to $26.00. On average, they anticipate the company's stock price to reach $24.29 in the next year. This suggests that the stock has a possible downside of 24.2%.
View analysts price targets for X
or view top-rated stocks among Wall Street analysts.

How have X shares performed in 2023?

United States Steel's stock was trading at $25.05 at the beginning of the year. Since then, X shares have increased by 27.8% and is now trading at $32.02.
View the best growth stocks for 2023 here
.

Are investors shorting United States Steel?

United States Steel saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,830,000 shares, a decline of 42.6% from the August 15th total of 22,340,000 shares. Based on an average daily trading volume, of 9,810,000 shares, the short-interest ratio is currently 1.3 days. Currently, 5.8% of the shares of the stock are sold short.
View United States Steel's Short Interest
.

When is United States Steel's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our X earnings forecast
.

How were United States Steel's earnings last quarter?

United States Steel Co. (NYSE:X) issued its quarterly earnings results on Friday, July, 28th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.06. The basic materials company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $5.11 billion. United States Steel had a net margin of 7.05% and a trailing twelve-month return on equity of 13.51%. United States Steel's revenue for the quarter was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 earnings per share.

How often does United States Steel pay dividends? What is the dividend yield for United States Steel?

United States Steel announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.05 per share on Thursday, September 7th. This represents a $0.20 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for X
.

Is United States Steel a good dividend stock?

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.64%. The dividend payout ratio is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 12.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for X.

How will United States Steel's stock buyback program work?

United States Steel declared that its Board of Directors has approved a share buyback plan on Thursday, July 28th 2022, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

What guidance has United States Steel issued on next quarter's earnings?

United States Steel issued an update on its third quarter 2023 earnings guidance on Monday, September, 18th. The company provided EPS guidance of $1.10-$1.15 for the period, compared to the consensus earnings per share estimate of $1.01. The company issued revenue guidance of -.

What is David Burritt's approval rating as United States Steel's CEO?

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.

What other stocks do shareholders of United States Steel own?

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).

What is United States Steel's stock symbol?

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

Who are United States Steel's major shareholders?

United States Steel's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.72%), Marshall Wace LLP (2.75%), Citadel Advisors LLC (0.00%), KGH Ltd (1.87%), Donald Smith & CO. Inc. (1.73%) and Geode Capital Management LLC (1.51%). 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
.

How do I buy shares of United States Steel?

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.

What is United States Steel's stock price today?

One share of X stock can currently be purchased for approximately $32.02.

How much money does United States Steel make?

United States Steel (NYSE:X) has a market capitalization of $7.14 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 $5.20 on an earnings per share basis.

How many employees does United States Steel have?

The company employs 22,740 workers across the globe.

How can I contact United States Steel?

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.

This page (NYSE:X) was last updated on 9/22/2023 by MarketBeat.com Staff

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