Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Time to Buy?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price gapped up before the market opened 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NTOIY shares. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Neste OYJ presently has an average rating of “Buy”.

Neste OYJ Stock Up 2.6%

The firm’s 50 day simple moving average is $16.25 and its 200 day simple moving average is $14.49. The company has a market cap of $26.07 billion and a price-to-earnings ratio of 31.43. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Sell-side analysts anticipate 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.