South Bow (NYSE:SOBO) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

South Bow (NYSE:SOBO) issued its earnings results on Wednesday. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12, Zacks reports. The firm had revenue of $488.00 million during the quarter, compared to the consensus estimate of $524.87 million.

South Bow Price Performance

SOBO opened at $25.31 on Thursday. South Bow has a 12-month low of $21.12 and a 12-month high of $27.60. The firm has a fifty day simple moving average of $24.56. The stock has a market capitalization of $5.27 billion and a price-to-earnings ratio of 13.52.

Analyst Upgrades and Downgrades

SOBO has been the topic of several research analyst reports. Wells Fargo & Company cut South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. CIBC upgraded South Bow from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Scotiabank increased their target price on shares of South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. TD Securities began coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a “hold” rating for the company. Finally, Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.50.

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.