South Bow FY2024 EPS Boosted by National Bank Financial

South Bow Corporation (TSE:SOB) – Equities researchers at National Bank Financial upped their FY2024 earnings estimates for South Bow in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.44 for the year, up from their prior forecast of $2.39. National Bank Financial also issued estimates for South Bow’s FY2025 earnings at $2.56 EPS, FY2026 earnings at $2.71 EPS, FY2027 earnings at $2.82 EPS and FY2028 earnings at $2.89 EPS.

A number of other research firms also recently commented on SOB. Scotiabank raised South Bow to a “hold” rating in a research note on Friday, December 27th. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Finally, Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th.

South Bow Price Performance

Insiders Place Their Bets

In other news, Senior Officer P. Van R. Dafoe bought 5,700 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of C$33.34 per share, with a total value of C$190,038.00. Also, Senior Officer Shannon Georgina Ryhorchuk purchased 2,030 shares of South Bow stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of C$36.90 per share, with a total value of C$74,907.00. Over the last 90 days, insiders have acquired 33,540 shares of company stock worth $1,150,282.