South Bow (NYSE:SOBO) Upgraded by Tudor Pickering to “Strong-Buy” Rating

Tudor Pickering upgraded shares of South Bow (NYSE:SOBO) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group started coverage on South Bow in a research note on Tuesday, October 8th. They set a “hold” rating on the stock. Cibc World Mkts raised South Bow to a “hold” rating in a research note on Friday, October 11th. Morgan Stanley started coverage on South Bow in a research note on Friday, October 25th. They issued an “underweight” rating for the company. Finally, US Capital Advisors raised South Bow to a “strong-buy” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

South Bow Price Performance

Shares of SOBO opened at $26.08 on Tuesday. South Bow has a 12-month low of $21.12 and a 12-month high of $27.30.

South Bow Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.67%. The ex-dividend date is Tuesday, December 31st.

About South Bow

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.