Traders Purchase High Volume of Call Options on United States Steel (X)
United States Steel (NYSE:X) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 13,814 call options on the company, AR Network reports. This is an increase of 117% compared to the typical volume of 6,365 call options.
A number of analysts have recently weighed in on X shares. Analysts at Zacks reiterated a “neutral” rating on shares of United States Steel in a research note on Monday, May 26th. They now have a $25.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of United States Steel in a research note on Thursday, May 1st. They now have a $24.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of United States Steel in a research note on Thursday, May 1st. They now have a $32.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. United States Steel has a consensus rating of “Hold” and a consensus target price of $27.00.
Shares of United States Steel (NYSE:X) traded up 3.21% during mid-day trading on Wednesday, hitting $23.46. 7,256,003 shares of the company’s stock traded hands. United States Steel has a 52 week low of $16.12 and a 52 week high of $31.15. The stock’s 50-day moving average is $25.35 and its 200-day moving average is $26.39. The company’s market cap is $3.395 billion.
United States Steel (NYSE:X) last announced its earnings results on Tuesday, April 29th. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.05. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that United States Steel will post $0.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, May 12th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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