NYSE:XUnited States Steel Stock Price, Forecast & News

United States Steel's stock was trading at $5.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, X shares have increased by 32.4% and is now trading at $7.93.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 7 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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United States Steel is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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United States Steel Co. (NYSE:X) announced its earnings results on Thursday, July, 30th. The basic materials company reported ($2.67) EPS for the quarter, beating analysts' consensus estimates of ($2.74) by $0.07. The basic materials company earned $2.09 billion during the quarter, compared to analyst estimates of $1.69 billion. United States Steel had a negative return on equity of 18.78% and a negative net margin of 16.25%.
View United States Steel's earnings history.

United States Steel announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 10th will be given a dividend of $0.01 per share on Thursday, September 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, August 7th.
View United States Steel's dividend history.

United States Steel announced that its board has initiated a share repurchase plan on Thursday, November 1st 2018, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

United States Steel updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, June, 17th. The company provided earnings per share guidance of -3.06--3.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.75.

16 brokerages have issued 1-year price targets for United States Steel's shares. Their forecasts range from $4.00 to $10.50. On average, they expect United States Steel's share price to reach $7.60 in the next year. This suggests that the stock has a possible downside of 4.2%.
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News coverage about X stock has been trending positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. United States Steel earned a coverage optimism score of 2.7 on InfoTrie's scale. They also assigned news coverage about the basic materials company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about United States Steel.

United States Steel saw a decrease in short interest in April. As of April 30th, there was short interest totaling 54,110,000 shares, a decrease of 15.5% from the April 15th total of 64,020,000 shares. Based on an average daily volume of 17,090,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 32.3% of the shares of the company are short sold.
View United States Steel's Short Interest.

Some companies that are related to United States Steel include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Cleveland-Cliffs (CLF), Worthington Industries (WOR), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other United States Steel investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Bank of America (BAC), Micron Technology (MU), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Tesla (TSLA), AK Steel (AKS) and Ford Motor (F).

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

United States Steel's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (1.32%), Principal Financial Group Inc. (0.40%), Prudential Financial Inc. (0.29%), American International Group Inc. (0.25%), Swiss National Bank (0.29%) and Smith Graham & Co. Investment Advisors LP (0.26%). Company insiders that own United States Steel stock include James E Bruno, Kevin Bradley, Michael H Mcgarry and Stephen J Girsky.
View institutional ownership trends for United States Steel.

X stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., First Trust Advisors LP, State Board of Administration of Florida Retirement System, New York State Common Retirement Fund, HighTower Advisors LLC, Creative Planning, Exane Derivatives, and NuWave Investment Management LLC.
View insider buying and selling activity for United States Steel.

X stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Virtu Financial LLC, American International Group Inc., Swiss National Bank, Principal Financial Group Inc., GWM Advisors LLC, UBS Oconnor LLC, and Mutual of America Capital Management LLC. Company insiders that have bought United States Steel stock in the last two years include Kevin Bradley, Michael H Mcgarry, and Stephen J Girsky.
View insider buying and selling activity for United States Steel.

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

One share of X stock can currently be purchased for approximately $7.93.

United States Steel has a market capitalization of $1.75 billion and generates $12.94 billion in revenue each year. The basic materials company earns $-630,000,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. United States Steel employs 27,500 workers across the globe.

The official website for United States Steel is www.ussteel.com.

United States Steel's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The basic materials company can be reached via phone at 412-433-1121 or via email at [email protected]