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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up prior to trading 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.

Analyst Ratings Changes

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

Neste OYJ Stock Up 0.2%

The stock has a market cap of $27.66 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 0.19 and a beta of -0.82. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $18.35 and its 200-day moving average is $16.98.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. As a group, research analysts anticipate that Neste OYJ – Unsponsored ADR will post 1.75 earnings per share for the current fiscal year.

About Neste OYJ

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.