South Bow Corporation (NYSE:SOBO) Stock Has Consensus Price Target of $33.00 According to Analysts

South Bow Corporation (NYSE:SOBO) has earned an average rating of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $33.00.

A number of research firms have recently weighed in on SOBO. Raymond James Financial initiated coverage on shares of South Bow in a research report on Tuesday, June 9th. They issued an “outperform” rating on the stock. TD Securities reissued a “hold” rating on shares of South Bow in a research report on Thursday, July 16th. BMO Capital Markets reissued a “market perform” rating on shares of South Bow in a research note on Monday, July 6th. Barclays upped their price objective on shares of South Bow from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of South Bow from a “sell” rating to a “hold” rating in a research note on Saturday.

South Bow Price Performance

Shares of SOBO stock opened at $33.83 on Thursday. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 15.31 and a beta of 0.22. The business’s fifty day moving average is $36.26 and its 200 day moving average is $35.65. South Bow has a twelve month low of $25.01 and a twelve month 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.

South Bow (NYSE:SOBO) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $546.00 million during the quarter, compared to the consensus estimate of $496.87 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%. Research analysts expect that South Bow will post 1.88 EPS for the current fiscal year.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 29th. South Bow’s payout ratio is currently 90.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOBO. Parallel Advisors LLC boosted its holdings in South Bow by 140.5% in the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of South Bow by 78.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock worth $63,000 after acquiring an additional 831 shares during the last quarter. Kelleher Financial Advisors bought a new position in shares of South Bow during the second quarter valued at $68,000. Clearstead Advisors LLC increased its holdings in shares of South Bow by 192.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,150 shares of the company’s stock valued at $59,000 after acquiring an additional 1,415 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of South Bow in the 2nd quarter worth about $81,000.

About South Bow

South Bow Corp. (NYSE: SOBO) is a midstream energy company focused on the transportation and handling of crude oil. The company owns and operates liquids pipeline infrastructure that connects Western Canadian production with refining and export markets in the United States.

Its principal asset is the Keystone Pipeline System, which transports crude oil from Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. South Bow also operates related gathering, transportation and storage assets that support producers, refiners and other customers across the North American energy network.

South Bow was established as an independent publicly traded company through the separation of TC Energy’s liquids pipelines business, which was completed in 2024.