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

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

SOBO has been the subject of a number of other research reports. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Jefferies Financial Group assumed coverage on shares of South Bow in a research note on Tuesday, October 8th. They issued a “hold” rating for the company. 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 set an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

South Bow Stock Performance

NYSE:SOBO opened at $26.66 on Tuesday. South Bow has a 52-week low of $21.12 and a 52-week high of $27.30.

South Bow Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date is Tuesday, December 31st.

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.