Neste OYJ (OTCMKTS:NTOIY – Get Free Report) issued its earnings results on Friday. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02, Zacks reports. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%.
Neste OYJ Stock Performance
Neste OYJ stock traded down $1.25 on Friday, hitting $17.71. The company’s stock had a trading volume of 16,361 shares, compared to its average volume of 56,514. Neste OYJ has a one year low of $7.78 and a one year high of $19.31. The firm has a market cap of $27.21 billion and a P/E ratio of 32.80. 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 company has a fifty day moving average price of $16.55 and a 200-day moving average price of $14.96.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on NTOIY shares. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report 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. According to data from MarketBeat, the company presently has an average rating of “Buy”.
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.
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