US Capital Advisors Boosts Earnings Estimates for South Bow

South Bow Corporation (NYSE:SOBO) – Equities researchers at US Capital Advisors raised their FY2027 earnings estimates for shares of South Bow in a report issued on Monday, February 2nd. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $1.85 for the year, up from their previous forecast of $1.80. US Capital Advisors has a “Hold” rating on the stock. The consensus estimate for South Bow’s current full-year earnings is $1.74 per share.

A number of other research analysts have also commented on SOBO. Barclays began coverage on South Bow in a report on Monday, December 8th. They set an “equal weight” rating and a $27.00 price target on the stock. Morgan Stanley reiterated an “underweight” rating on shares of South Bow in a research report on Tuesday, December 2nd. National Bankshares boosted their price target on shares of South Bow from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of South Bow in a research note on Monday, December 29th. Finally, CIBC increased their price objective on shares of South Bow from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $29.00.

South Bow Stock Down 0.3%

SOBO opened at $28.69 on Thursday. The stock’s 50 day moving average price is $27.44 and its 200 day moving average price is $27.26. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.36 and a quick ratio of 1.28. The stock has a market cap of $5.97 billion, a P/E ratio of 18.04 and a beta of 0.47. South Bow has a 12 month low of $21.16 and a 12 month high of $29.19.

South Bow (NYSE:SOBO) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The company had revenue of $461.00 million for the quarter, compared to analysts’ expectations of $498.00 million. South Bow had a return on equity of 15.13% and a net margin of 16.84%.The business’s revenue for the quarter was down 13.7% on a year-over-year basis.

Hedge Funds Weigh In On South Bow

Large investors have recently made changes to their positions in the business. Aviso Financial Inc. increased its stake in South Bow by 8.2% in the 3rd quarter. Aviso Financial Inc. now owns 5,200 shares of the company’s stock worth $147,000 after purchasing an additional 394 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of South Bow by 4.9% in the second quarter. Quantinno Capital Management LP now owns 10,175 shares of the company’s stock worth $264,000 after buying an additional 478 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of South Bow by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,565 shares of the company’s stock worth $378,000 after buying an additional 616 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of South Bow by 157.3% in the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock worth $30,000 after acquiring an additional 645 shares in the last quarter. Finally, City Holding Co. raised its holdings in shares of South Bow by 277.4% during the fourth quarter. City Holding Co. now owns 1,000 shares of the company’s stock valued at $27,000 after acquiring an additional 735 shares during the period.

South Bow Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.50 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 7.0%. South Bow’s payout ratio is 125.79%.

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.