Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up After Analyst Upgrade

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped up before the market opened on Thursday after Royal Bank Of Canada upgraded the stock from a hold rating to a moderate buy rating. The stock had previously closed at $14.70, but opened at $15.56. Neste OYJ shares last traded at $15.69, with a volume of 11,449 shares changing hands.

NTOIY has been the topic of several other research reports. UBS Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Neste OYJ currently has a consensus rating of “Moderate Buy”.

Neste OYJ Stock Performance

The stock has a market capitalization of $23.85 billion and a price-to-earnings ratio of 172.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95. The stock has a 50-day moving average of $12.66 and a 200 day moving average of $10.98.

Neste OYJ (OTCMKTS:NTOIY) last released its earnings results on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Neste OYJ had a net margin of 0.81% and a return on equity of 2.13%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.59 billion.

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.