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 $16.11, but opened at $17.24. Neste OYJ shares last traded at $16.67, with a volume of 1,596 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on NTOIY shares. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Neste OYJ Stock Performance

The firm’s 50 day moving average price is $16.00 and its 200-day moving average price is $13.67. The firm has a market cap of $25.92 billion and a price-to-earnings ratio of 31.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 billion. On average, analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.39 earnings per share for the current year.

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.