South Bow (NYSE:SOBO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

South Bow (NYSE:SOBO) issued its earnings results on Wednesday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04, Zacks reports. South Bow had a return on equity of 15.84% and a net margin of 22.99%.

South Bow Stock Performance

NYSE:SOBO traded down $0.76 during midday trading on Wednesday, reaching $34.07. 720,737 shares of the company traded hands, compared to its average volume of 762,056. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 15.41 and a beta of 0.17. The company has a fifty day moving average price of $35.21 and a 200 day moving average price of $34.48. 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 twelve month low of $25.30 and a twelve month high of $39.02.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SOBO. TD Securities restated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Barclays lowered shares of South Bow from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $35.00 to $33.00 in a research note on Friday, October 9th. Wall Street Zen lowered shares of South Bow from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Weiss Ratings cut shares of South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of South Bow in a research report on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.50.

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.