Neste OYJ (OTCMKTS:NTOIY) Releases Earnings Results, Misses Estimates By $0.01 EPS

Neste OYJ (OTCMKTS:NTOIY) announced its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), Zacks reports.

Neste OYJ Price Performance

OTCMKTS NTOIY traded down $0.54 on Thursday, hitting $12.15. The stock had a trading volume of 60,646 shares, compared to its average volume of 21,050. The business’s fifty day moving average price is $11.41 and its 200 day moving average price is $10.10. Neste OYJ has a 52-week low of $3.75 and a 52-week high of $13.05.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of a number of research analyst reports. BNP Paribas Exane raised Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. UBS Group downgraded 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 research note on Monday, January 26th. Finally, Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.