South Bow Corporation (NYSE:SOBO – Free Report) – Investment analysts at US Capital Advisors decreased their Q3 2026 earnings per share (EPS) estimates for South Bow in a research report issued on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now anticipates that the company will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.41. The consensus estimate for South Bow’s current full-year earnings is $1.87 per share. US Capital Advisors also issued estimates for South Bow’s Q1 2027 earnings at $0.44 EPS, Q2 2027 earnings at $0.45 EPS, FY2027 earnings at $1.80 EPS and FY2028 earnings at $1.91 EPS.
A number of other equities analysts have also issued reports on the company. Barclays lowered South Bow from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $35.00 to $33.00 in a report on Friday, October 9th. Scotiabank boosted their target price on South Bow from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded shares of South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, September 8th. Wall Street Zen lowered shares of South Bow from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, TD Securities restated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.50.
View Our Latest Report on South Bow
South Bow Stock Down 0.6%
South Bow stock opened at $35.46 on Wednesday. South Bow has a 12 month low of $25.01 and a 12 month high of $39.02. The company has a fifty day moving average price of $35.48 and a two-hundred day moving average price of $34.21.
South Bow (NYSE:SOBO – Get Free Report) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $496.87 million.
South Bow Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, September 29th.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Cibc World Market Inc. bought a new position in shares of South Bow during the second quarter worth approximately $119,802,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of South Bow during the 2nd quarter valued at approximately $97,830,000. Bank of America Corp DE acquired a new position in shares of South Bow during the second quarter worth $97,176,000. Legal & General Group Plc bought a new position in South Bow in the second quarter valued at about $62,849,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in South Bow during the 2nd quarter worth approximately $41,216,000.
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.
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