Neste OYJ (OTCMKTS:NTOIY) Stock Price Down 4.2% – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price traded down 4.2% on Tuesday. The stock traded as low as $17.1450 and last traded at $17.1450. 3,721 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 52,153 shares. The stock had previously closed at $17.90.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NTOIY shares. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Neste OYJ Price Performance

The firm has a market capitalization of $26.50 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.17 and a beta of -0.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The stock has a 50 day moving average of $18.57 and a two-hundred day moving average of $17.10.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. Sell-side analysts predict that Neste OYJ – Unsponsored ADR will post 1.90 earnings per share for the current fiscal year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.