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

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up before the market opened 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.

Analyst Ratings Changes

Several research firms have weighed in on NTOIY. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. The Goldman Sachs Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Neste OYJ Trading Up 1.8%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The business has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $11.60. The stock has a market cap of $24.01 billion and a price-to-earnings ratio of 142.09.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.59 billion. Neste OYJ had a return on equity of 2.14% and a net margin of 0.81%.

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.