Neste OYJ (OTCMKTS:NTOIY) Stock Price Up 5.2% – Here’s Why

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) shot up 5.2% on Thursday . The stock traded as high as $17.25 and last traded at $17.25. 20,019 shares traded hands during trading, a decline of 59% from the average session volume of 49,251 shares. The stock had previously closed at $16.40.

Analysts Set New Price Targets

NTOIY has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, UBS Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Three 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. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Neste OYJ Price Performance

The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $11.13. The firm has a market cap of $26.09 billion and a PE ratio of 188.67.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings data 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 business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.59 billion. Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.

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.