Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Here’s What Happened

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up prior to trading on Thursday . The stock had previously closed at $15.85, but opened at $16.94. Neste OYJ shares last traded at $16.4550, with a volume of 2,744 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NTOIY shares. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. The Goldman Sachs Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The business has a fifty day moving average of $16.25 and a two-hundred day moving average of $14.43. The firm has a market capitalization of $25.20 billion and a price-to-earnings ratio of 30.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.84 billion. As a group, research analysts predict 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.