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South Bow Corporation (NYSE:SOBO - Free Report) - Equities researchers at Scotiabank lowered their FY2027 earnings per share estimates for shares of South Bow in a research report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $1.85 per share for the year, down from their prior estimate of $2.03. Scotiabank currently has a "Sector Perform" rating and a $39.00 price target on the stock. The consensus estimate for South Bow's current full-year earnings is $1.87 per share.

South Bow (NYSE:SOBO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $546.00 million for the quarter, compared to analysts' expectations of $496.87 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%.

Several other research firms have also issued reports on SOBO. Weiss Ratings lowered shares of South Bow from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, September 8th. Canadian Imperial Bank of Commerce cut their price target on shares of South Bow from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday. TD Securities reiterated a "hold" rating on shares of South Bow in a report on Thursday, July 16th. BMO Capital Markets reissued a "market perform" rating on shares of South Bow in a research report on Monday, July 6th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of South Bow in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $32.50.

Get Our Latest Report on South Bow

South Bow Price Performance

South Bow stock opened at $35.41 on Monday. South Bow has a 52-week low of $25.01 and a 52-week high of $39.02. The company has a quick ratio of 1.44, a current ratio of 1.52 and a debt-to-equity ratio of 2.15. The firm's fifty day moving average is $35.54 and its 200 day moving average is $35.72. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 16.02 and a beta of 0.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thornburg Investment Management Inc. lifted its position in shares of South Bow by 2.4% during the 2nd quarter. Thornburg Investment Management Inc. now owns 3,721,332 shares of the company's stock valued at $130,974,000 after buying an additional 88,457 shares in the last quarter. Cibc World Market Inc. acquired a new position in South Bow during the second quarter worth $119,802,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in South Bow during the second quarter worth $97,830,000. Bank of America Corp DE purchased a new position in South Bow during the second quarter valued at $97,176,000. Finally, Dimensional Fund Advisors LP lifted its holdings in South Bow by 24.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,914,614 shares of the company's stock valued at $97,134,000 after purchasing an additional 565,787 shares in the last quarter.

South Bow Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.6%. South Bow's payout ratio is 90.50%.

South Bow Company Profile

(Get Free Report)

South Bow Corp. NYSE: SOBO is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow's primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.

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