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South Bow Corp (SOBO) Receives a Rating Update from a Top Analyst

Tipranks - Wed Apr 15, 6:13AM CDT

Barclays analyst Theresa Chen maintained a Hold rating on South Bow Corp yesterday. The company’s shares closed yesterday at C$45.62.

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Chen covers the Energy sector, focusing on stocks such as Kinetik, Enterprise Products Partners, and Oneok. According to TipRanks, Chen has an average return of 18.5% and a 75.43% success rate on recommended stocks.

Currently, the analyst consensus on South Bow Corp is a Hold with an average price target of C$44.93.

Based on South Bow Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$419.35 million and a net profit of C$158.4 million. In comparison, last year the company earned a revenue of C$476.87 million and had a net profit of C$54.73 million

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.

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