South Bow (NYSE:SOBO) Stock Price Target Raised at Barclays

South Bow (NYSE:SOBO) had its price objective upped by Barclays from $33.00 to $34.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

SOBO has been the topic of a number of other research reports. Scotiabank lifted their target price on South Bow from $36.00 to $39.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Wall Street Zen cut South Bow from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Canadian Imperial Bank of Commerce lowered their price target on South Bow from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of South Bow in a research report on Monday, August 10th. Finally, TD Securities restated a “hold” rating on shares of South Bow in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.67.

South Bow Stock Down 7.1%

Shares of NYSE SOBO opened at $31.63 on Thursday. The company has a market capitalization of $6.60 billion, a P/E ratio of 16.86 and a beta of 0.17. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.52 and a quick ratio of 1.44. The company has a 50 day simple moving average of $35.09 and a 200-day simple moving average of $34.51. South Bow has a 1 year low of $25.43 and a 1 year high of $39.02.

South Bow (NYSE:SOBO) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $503.00 million for the quarter, compared to analysts’ expectations of $476.02 million. South Bow had a return on equity of 15.76% and a net margin of 22.81%. On average, equities research analysts predict that South Bow will post 1.84 earnings per share for the current year.

South Bow Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Thursday, December 31st. South Bow’s dividend payout ratio is 89.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. lifted its position in shares of South Bow by 3.6% during the third quarter. Alps Advisors Inc. now owns 46,781 shares of the company’s stock worth $1,550,000 after purchasing an additional 1,646 shares in the last quarter. apricus wealth LLC boosted its stake in shares of South Bow by 4.2% in the third quarter. apricus wealth LLC now owns 16,000 shares of the company’s stock valued at $530,000 after purchasing an additional 650 shares during the period. Miller Howard Investments Inc. NY grew its holdings in shares of South Bow by 6.8% in 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 in the last quarter. Baskin Financial Services Inc. acquired a new position in shares of South Bow in the third quarter valued at approximately $1,171,000. Finally, IFP Advisors Inc grew its holdings in shares of South Bow by 202.6% in 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 in the last quarter.

More South Bow News

Here are the key news stories impacting South Bow this week:

• Positive Sentiment: South Bow reported third-quarter adjusted earnings of $0.47 per share, above the $0.43 consensus, and revenue of $503 million, ahead of estimates of $476 million. Net income was reported at US$99 million and increased year over year. Article: South Bow Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company raised its full-year cash-flow guidance, a constructive signal for its financial outlook. It also provided a 2027 outlook. Article: South Bow Beats Q3 Estimates and Raises Cash Flow Guidance
• Positive Sentiment: South Bow declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a stated yield of about 6%. Article: South Bow Reports Q3 Results, 2027 Outlook, and Dividend
• Neutral Sentiment: Barclays raised its price target from $33 to $34, but maintained an “underweight” rating. The higher target is supportive, while the rating signals continued caution. Article: Barclays Stock Recommendations

South Bow Company Profile

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.