South Bow (NYSE:SOBO) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

South Bow Corporation (NYSE:SOBO)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $34.48 and traded as low as $33.65. South Bow shares last traded at $34.0660, with a volume of 720,737 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank Of Canada restated an “outperform” rating on shares of South Bow in a report on Monday, August 10th. TD Securities reaffirmed a “hold” rating on shares of South Bow in a research report on Thursday, July 16th. Raymond James Financial reissued an “outperform” rating on shares of South Bow in a research note on Wednesday, October 14th. Weiss Ratings lowered South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. Finally, Wall Street Zen lowered South Bow from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.50.

South Bow Stock Performance

The stock 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 quick ratio of 1.44, a current ratio of 1.52 and a debt-to-equity ratio of 2.15. The stock’s 50-day simple moving average is $35.21 and its 200 day simple moving average is $34.48.

South Bow (NYSE:SOBO) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. South Bow had a net margin of 22.99% and a return on equity of 15.84%. The firm had revenue of $503.00 million during the quarter, compared to analysts’ expectations of $476.02 million. Analysts expect that South Bow Corporation will post 1.84 earnings per share for the current fiscal year.

South Bow Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Thursday, December 31st. South Bow’s dividend payout ratio (DPR) is presently 90.50%.

Institutional Trading of South Bow

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of South Bow by 140.5% during the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after buying an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in South Bow by 78.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock valued at $63,000 after acquiring an additional 831 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in South Bow during the 2nd quarter worth $68,000. Integrated Wealth Concepts LLC acquired a new stake in South Bow during the 2nd quarter worth $81,000. Finally, IFP Advisors Inc raised its position 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 valued at $81,000 after acquiring an additional 1,643 shares during the last quarter.

South Bow Company Profile

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.