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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shares gapped up before the market opened on Thursday . The stock had previously closed at $17.83, but opened at $18.84. Neste OYJ shares last traded at $18.87, with a volume of 564 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTOIY. Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The company’s 50-day simple moving average is $16.78 and its 200 day simple moving average is $15.65. The company has a market capitalization of $28.97 billion and a P/E ratio of 16.45. 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 released its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 21.16%. As a group, sell-side analysts expect that Neste OYJ – Unsponsored ADR will post 1.62 earnings per share for the current fiscal year.

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.