United States Steel Target of Unusually Large Options Trading (X)
Shares of United States Steel (NYSE:X) were the target of some unusual options trading activity on Thursday. Investors purchased 27,942 put options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 226% compared to the average volume of 8,570 put options.
A number of research firms have recently commented on X. Analysts at Argus raised their price target on shares of United States Steel from $31.00 to $41.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of United States Steel in a research note on Wednesday, August 6th. Finally, analysts at S&P Equity Research raised their price target on shares of United States Steel from $11.68 to $783.00 in a research note on Monday, August 4th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.86.
United States Steel (NYSE:X) traded up 2.02% during mid-day trading on Thursday, hitting $36.84. 5,995,462 shares of the company’s stock traded hands. United States Steel has a 1-year low of $17.73 and a 1-year high of $36.21. The stock’s 50-day moving average is $29.34 and its 200-day moving average is $26.47. The company’s market cap is $5.346 billion.
United States Steel (NYSE:X) last released its earnings data on Tuesday, July 29th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.44. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that United States Steel will post $1.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, August 11th.
United States Steel Corporation (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with production ope.
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