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U.S. Steel: Stating the Obvious

2014-12-11 00:07:14| Steel - Topix.net

JPMorgan's Michael Gambardella and Tyler Langton state the obvious: Falling steel prices aren't good for steel stocks like AK Steel and U.S. Steel : We remain cautious on the steel industry as the high U.S. steel price premium over Chinese prices should continue to attract imports into the U.S. and put downward pressure on domestic steel prices. Hot rolled coil prices have fallen 12% from a high of $700/ton this summer that was largely due in our view to temporary production outages which are now back in supply.

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United States Steel Given Consensus Recommendation of "Hold" by Analysts

2014-12-10 18:47:49| Steel - Topix.net

United States Steel has received an average rating of "Hold" from the twenty-one analysts that are currently covering the company, AR Network reports . Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company.

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Analyst Update: ConocoPhillips, Exxon Mobil Corporation, and United States Steel Corporation

2014-12-10 10:33:34| Steel - Topix.net

Flagging crude prices have weighed on energy stocks for some time, and COP is no exception. The shares are off 0.6% today at $64.63, and down 8.5% year-to-date.

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Analyst Downgrades: Verizon Communications Inc., Coach Inc, and AK Steel Holding Corporation

2014-12-10 06:28:53| Steel - Topix.net

UBS trimmed its price target on COH by $1 to $34, and held its "neutral" rating. Most analysts are wary of Coach Inc, which sports just six "buy" or better endorsements, compared to 12 "holds" and two "sell" or worse recommendations.

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One Reason United States Steel (X) Stock Is Lower Today

2014-12-08 21:17:09| Steel - Topix.net

"The last time oil prices were at the levels seen in today's trading session, U.S. Steel's tubular business saw a contraction in overall rig counts and began generating negative operating margins ," Johnson said, according to Barron's . "While we are modeling U.S. Steel's Tubular operating margins at just under 10% in 2015, if we assume these margins go to zero, after-tax this represents about 80 cents per share in EPS downside.

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