South Bow (NYSE:SOBO – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04, Zacks reports. The business had revenue of $503.00 million for the quarter, compared to analyst estimates of $476.02 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%.
South Bow Stock Down 6.2%
Shares of NYSE:SOBO traded down $2.12 during trading on Thursday, hitting $31.93. 533,380 shares of the company were exchanged, compared to its average volume of 858,589. The stock has a market capitalization of $6.66 billion, a P/E ratio of 14.45 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. South Bow has a 12-month low of $25.43 and a 12-month high of $39.02. The firm’s 50 day moving average price is $35.21 and its 200-day moving average price is $34.48.
South Bow Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, December 31st. South Bow’s dividend payout ratio is currently 90.50%.
Analysts Set New Price Targets
SOBO has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of South Bow in a research note on Monday, August 10th. Wall Street Zen lowered shares of South Bow from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Weiss Ratings downgraded shares of South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 8th. Barclays increased their target price on shares of South Bow from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Raymond James Financial restated an “outperform” rating on shares of South Bow in a research report on Wednesday, October 14th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.67.
Check Out Our Latest Stock Report on South Bow
More South Bow News
Here are the key news stories impacting South Bow this week:
- Positive Sentiment: South Bow reported Q3 adjusted earnings of $0.47 per share, beating the $0.43 consensus, and revenue of $503 million, above the $476 million estimate. Net income increased year over year, although EPS was unchanged at $0.47. South Bow Q3 earnings and revenue beat estimates
- Positive Sentiment: The company raised its full-year cash-flow guidance and declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a stated yield of about 6%. The guidance increase supports the outlook, while the dividend may appeal to income-focused investors. South Bow Q3 results, outlook and dividend
- Negative Sentiment: Barclays raised its price target from $33 to $34, but kept its “underweight” rating, signaling continued caution despite the higher target. Barclays stock recommendations
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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