Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Here’s What Happened

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up before the market opened on Wednesday. The stock had previously closed at $17.96, but opened at $18.51. Neste OYJ shares last traded at $18.02, with a volume of 6,690 shares.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of a number of research analyst reports. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Neste OYJ Stock Performance

The company has a market cap of $28.70 billion, a P/E ratio of 16.30, a PEG ratio of 0.19 and a beta of -0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The stock’s 50-day moving average price is $18.38 and its 200-day moving average price is $17.00.

Neste OYJ (OTCMKTS:NTOIY) last released its 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. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. Equities analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.75 EPS for the current year.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.