Tudor Pickering Upgrades South Bow (NYSE:SOBO) to Strong-Buy

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

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

South Bow Trading Up 0.4 %

Shares of South Bow stock opened at $26.59 on Tuesday. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30.

South Bow Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend 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.