Neste OYJ (OTCMKTS:NTOIY) Shares Gap Down – Should You Sell?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.7740, but opened at $16.11. Neste OYJ shares last traded at $15.98, with a volume of 16,908 shares.

Analysts Set New Price Targets

NTOIY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Neste OYJ has an average rating of “Buy”.

Neste OYJ Stock Down 4.4%

The company has a market capitalization of $24.65 billion and a price-to-earnings ratio of 29.70. 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 firm’s 50 day moving average price is $16.02 and its two-hundred day moving average price is $13.72.

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