Scotiabank Has Negative Opinion of South Bow FY2027 Earnings

South Bow Corporation (NYSE:SOBO) – Investment analysts at Scotiabank decreased their FY2027 EPS estimates for South Bow in a report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $1.85 per share for the year, down from their previous forecast of $2.03. Scotiabank 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.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings lowered shares of South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, September 8th. Raymond James Financial reissued an “outperform” rating on shares of South Bow in a research note on Wednesday, October 14th. BMO Capital Markets restated a “market perform” rating on shares of South Bow in a report on Monday, July 6th. Wall Street Zen lowered shares of South Bow from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, South Bow currently has an average rating of “Hold” and an average price target of $32.50.

South Bow Stock Down 0.6%

NYSE:SOBO opened at $35.46 on Monday. The company has a 50-day moving average price of $35.48 and a 200-day moving average price of $34.21. South Bow has a 12 month low of $25.01 and a 12 month high of $39.02.

South Bow (NYSE:SOBO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a $0.50 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 5.6%.

Hedge Funds Weigh In On South Bow

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. apricus wealth LLC grew its holdings in South Bow by 4.2% in the third quarter. apricus wealth LLC now owns 16,000 shares of the company’s stock worth $530,000 after purchasing an additional 650 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of South Bow by 6.8% during the third quarter. Miller Howard Investments Inc. NY now owns 530,682 shares of the company’s stock valued at $17,581,000 after purchasing an additional 33,746 shares during the last quarter. Baskin Financial Services Inc. purchased a new position in shares of South Bow during the third quarter valued at approximately $1,171,000. IFP Advisors Inc lifted its holdings in shares of South Bow by 202.6% during the third quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock valued at $81,000 after purchasing an additional 1,643 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of South Bow by 1.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,978,562 shares of the company’s stock worth $66,282,000 after purchasing an additional 31,776 shares in the last quarter.

About South Bow

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.