South Bow (NYSE:SOBO) Stock Gets Downgrade from Wall Street Zen

South Bow (NYSE:SOBO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on SOBO. TD Securities reiterated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. BMO Capital Markets reissued a “market perform” rating on shares of South Bow in a report on Monday, July 6th. Raymond James Financial reissued an “outperform” rating on shares of South Bow in a report on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of South Bow in a research note on Monday, August 10th. Finally, Scotiabank lifted their price objective on South Bow from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.

South Bow Stock Performance

Shares of SOBO stock opened at $34.68 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.52 and a debt-to-equity ratio of 2.15. The company has a 50 day moving average price of $35.72 and a 200-day moving average price of $35.67. South Bow has a 52 week low of $25.01 and a 52 week high of $39.02. The firm has a market capitalization of $7.23 billion, a PE ratio of 15.69 and a beta of 0.22.

South Bow (NYSE:SOBO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. South Bow had a net margin of 22.99% and a return on equity of 15.84%. The company had revenue of $546.00 million for the quarter, compared to the consensus estimate of $496.87 million. As a group, equities research analysts expect that South Bow will post 1.87 earnings per share for the current year.

Hedge Funds Weigh In On South Bow

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its position in South Bow by 140.5% during the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock valued at $28,000 after buying an additional 496 shares during the period. EverSource Wealth Advisors LLC raised its position in 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 period. Kelleher Financial Advisors purchased a new position in shares of South Bow during the 2nd quarter worth $68,000. Integrated Wealth Concepts LLC purchased a new position in shares of South Bow during the 2nd quarter worth $81,000. Finally, IFP Advisors Inc boosted its stake in shares of South Bow by 202.6% during the 3rd quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock worth $81,000 after acquiring an additional 1,643 shares during the last quarter.

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.