National Bank Financial Comments on South Bow Q4 Earnings

South Bow Co. (NYSE:SOBO - Free Report) - Equities researchers at National Bank Financial issued their Q4 2024 EPS estimates for South Bow in a research note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will earn $0.42 per share for the quarter. The consensus estimate for South Bow's current full-year earnings is $1.73 per share.

Several other equities research analysts have also issued reports on the stock. Cibc World Mkts raised shares of South Bow to a "hold" rating in a research note on Friday, October 11th. US Capital Advisors upgraded South Bow to a "strong-buy" rating in a research report on Monday, October 28th. CIBC upgraded South Bow from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. TD Securities started coverage on South Bow in a research report on Wednesday, January 15th. They set a "hold" rating on the stock. Finally, Wells Fargo & Company cut shares of South Bow from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, South Bow currently has an average rating of "Hold" and a consensus price target of $25.00.

South Bow Stock Performance

SOBO stock traded down $0.35 during midday trading on Friday, hitting $23.93. 553,395 shares of the stock traded hands, compared to its average volume of 717,422. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30. The company's fifty day moving average is $24.14.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Trading of South Bow

Large investors have recently made changes to their positions in the company. Roxbury Financial LLC acquired a new position in shares of South Bow during the 4th quarter worth approximately $29,000. Rhumbline Advisers purchased a new position in South Bow during the fourth quarter worth approximately $34,000. Manitou Investment Management Ltd. acquired a new position in South Bow during the fourth quarter worth $40,000. Canal Insurance CO purchased a new stake in South Bow in the 4th quarter valued at $47,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of South Bow in the 4th quarter worth $48,000.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.