Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares gapped up before the market opened on Monday . The stock had previously closed at $13.8750, but opened at $14.5418. Neste OYJ shares last traded at $14.24, with a volume of 4,208 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NTOIY shares. UBS Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Neste OYJ Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $22.34 billion and a PE ratio of 132.19. The stock has a fifty day moving average of $14.47 and a 200-day moving average of $12.13.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.14%. Equities analysts anticipate that Neste OYJ – Unsponsored ADR will post 0.98 earnings per share for the current fiscal year.

About Neste OYJ

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.