In today’s session United States Steel Corporation (X) registered an unusually high (989) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious X increase. With 989 contracts traded and 3014 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: X161021C00016500 closed last at: $0.64 or 51.9% down. About 8.00M shares traded hands. United States Steel Corporation (NYSE:X) has risen 12.70% since March 14, 2016 and is uptrending. It has outperformed by 7.09% the S&P500.
Analysts await United States Steel Corporation (NYSE:X) to report earnings on November, 1. They expect $0.94 EPS, up 234.29% or $1.64 from last year’s $-0.7 per share. X’s profit will be $155.58M for 4.60 P/E if the $0.94 EPS becomes a reality. After $-0.31 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -403.23% EPS growth.
United States Steel Corporation (NYSE:X) Ratings Coverage
Out of 18 analysts covering United States Steel Corporation (NYSE:X), 4 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 22% are positive. United States Steel Corporation has been the topic of 39 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, April 19. The stock has “Neutral” rating given by Northland Capital on Wednesday, March 9. The firm earned “Underperform” rating on Thursday, April 28 by Macquarie Research. The stock of United States Steel Corporation (NYSE:X) earned “Outperform” rating by Credit Suisse on Wednesday, March 23. On Thursday, February 4 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was upgraded by JP Morgan on Thursday, July 30 to “Overweight”. The firm earned “Neutral” rating on Monday, February 22 by Rosenblatt. On Monday, October 5 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Sector Weight” rating on Monday, September 19 by KeyBanc Capital Markets. Rosenblatt initiated the stock with “Neutral” rating in Monday, November 2 report.
According to Zacks Investment Research, “United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.”
United States Steel Corporation is an integrated steel producer. It currently has negative earnings. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe.
X Company Profile
United States Steel Corporation (U. S. Steel), incorporated on May 25, 2001, is an integrated steel producer. The Firm is engaged in producing flat-rolled and tubular products with production activities in North America and Europe. The Firm operates through three divisions: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). U. S. Steel is also engaged in other business activities consisting primarily of railroad services and real estate operations. U. S. Steel owns, develops and manages various real estate assets, which include approximately 50,000 acres of surface rights primarily in Alabama, Illinois, Maryland, Michigan, Minnesota and Pennsylvania. In addition, the Company holds ownership interests in joint ventures that are developing real estate projects in Alabama, Maryland and Illinois.
More important recent United States Steel Corporation (NYSE:X) news were published by: Investorplace.com which released: “3 Big Stock Charts: United States Steel Corporation (X), Chipotle Mexican …” on October 17, 2016, also Prnewswire.com published article titled: “U. S. Steel Conference Call Available on Company Website”, Barrons.com published: “U.S. Steel Shares Could Rise 50% in a Year” on October 15, 2016. More interesting news about United States Steel Corporation (NYSE:X) was released by: Investorplace.com and their article: “United States Steel Corporation (NYSE:X) Sets Up Bull Trade” with publication date: September 22, 2016.
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