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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $15.35, but opened at $16.41. Neste OYJ shares last traded at $15.5850, with a volume of 7,845 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NTOIY. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Finally, UBS Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Two research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Neste OYJ Stock Performance

The stock’s fifty day simple moving average is $13.82 and its two-hundred day simple moving average is $11.60. The company has a market cap of $24.01 billion and a price-to-earnings ratio of 142.09. 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 Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.The firm 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.