Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Still a Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $16.11, but opened at $17.24. Neste OYJ shares last traded at $16.67, with a volume of 1,596 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The stock has a market capitalization of $25.92 billion and a P/E ratio of 31.23. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $16.00 and a two-hundred day simple moving average of $13.67.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. Sell-side analysts expect that Neste OYJ – Unsponsored ADR will post 1.39 EPS for the current fiscal year.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.