Revenue Update on United States Steel Corporation(NYSE:X)

United States Steel Corporation(NYSE:X) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $2.58B. Analysts estimated a revenue of $2.67B. Earnings per share were $-0.31. Analysts had estimated an EPS of $-0.53.

In a different note, On Jul 13, 2016, Barclays said it Maintains its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 6, 2016, Deutsche Bank said it Upgrades its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 15, 2016, Bank of America said it Upgrades its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 10, 2016, Jefferies said it Maintains its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jun 8, 2016, Credit Suisse said it Maintains its rating on United States Steel Corporation. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 28, 2016, Macquarie said it Downgrades its rating on United States Steel Corporation. The shares have been rated ‘Underperform’ by the firm.

United States Steel Corporation (X) made into the market gainers list on Fridays trading session with the shares advancing 2.19% or 0.59 points. Due to strong positive momentum, the stock ended at $27.49, which is also near the day’s high of $27.64. The stock began the session at $26.44 and the volume stood at 1,65,17,863 shares. The 52-week high of the shares is $27.64 and the 52 week low is $6.15. The company has a current market capitalization of $4,034 M and it has 14,67,30,630 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 9, 2016, Paul Anthony Mascarenas (director) purchased 1,000 shares at $18.90 per share price.Also, On May 9, 2016, Stephen J Girsky (director) purchased 2,000 shares at $18.93 per share price.On Aug 24, 2015, Murry Gerber (director) purchased 7,800 shares at $16.88 per share price, according to the Form-4 filing with the securities and exchange commission.

United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled) U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Company’s railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steel’s integrated steel plants in the United States except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK) the Company’s steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steel’s tubular production facilities primarily in the United States and equity investees in the United States and Brazil.

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