What’s in United States Steel Corporation After Today’s Bullish Options Activity?

 What's in United States Steel Corporation After Today's Bullish Options Activity?

In today’s session United States Steel Corporation (X) registered an unusually high (825) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious X increase. With 825 contracts traded and 122774 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: X170421C00030000 closed last at: $6.65 or 3.1% up. About 9.16M shares traded hands. United States Steel Corporation (NYSE:X) has risen 73.99% since April 26, 2016 and is uptrending. It has outperformed by 68.73% the S&P500.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on January, 24. They expect $0.07 earnings per share, up 130.43% or $0.30 from last year’s $-0.23 per share. X’s profit will be $11.69M for 109.25 P/E if the $0.07 EPS becomes a reality. After $0.40 actual earnings per share reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -82.50% negative EPS growth.

United States Steel Corporation (NYSE:X) Ratings Coverage

Out of 19 analysts covering United States Steel Corporation (NYSE:X), 5 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 26% are positive. United States Steel Corporation has been the topic of 45 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bank of America on Thursday, November 3 to “Neutral”. The firm earned “Hold” rating on Wednesday, September 16 by Jefferies. The stock has “Equalweight” rating given by Barclays Capital on Wednesday, July 13. The stock of United States Steel Corporation (NYSE:X) earned “Buy” rating by Argus Research on Tuesday, November 24. The firm has “Hold” rating given on Wednesday, July 6 by Deutsche Bank. The stock of United States Steel Corporation (NYSE:X) has “Market Perform” rating given on Thursday, April 28 by Cowen & Co. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 23. Argus Research downgraded the shares of X in a report on Tuesday, November 29 to “Hold” rating. The stock of United States Steel Corporation (NYSE:X) has “Equal-Weight” rating given on Tuesday, April 19 by Barclays Capital. The company was downgraded on Friday, April 8 by UBS.

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 notable recent United States Steel Corporation (NYSE:X) news were published by: Investorplace.com which released: “This United States Steel Corporation (X) Stock Trade Looks Like a Steal” on November 29, 2016, also Schaeffersresearch.com with their article: “Most Active Options: Tesla Motors Inc and United States Steel Corporation” published on November 28, 2016, Prnewswire.com published: “United States Steel Corporation Reports Best Quarterly Results Since 2014” on November 01, 2016. More interesting news about United States Steel Corporation (NYSE:X) were released by: Schaeffersresearch.com and their article: “Earnings Preview: United States Steel Corporation (X)” published on October 31, 2016 as well as Investorplace.com‘s news article titled: “Fight Deflation With United States Steel Corporation (X), AK Steel Holding …” with publication date: November 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment