Neste OYJ (NTOIY) Set to Announce Quarterly Earnings on Wednesday

Neste OYJ (OTCMKTS:NTOIY) is expected to release its results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $6.36 billion for the quarter.

Neste OYJ Stock Down 4.4%

Shares of NTOIY opened at $16.71 on Wednesday. The stock has a 50 day moving average of $18.54 and a 200 day moving average of $16.10. Neste OYJ has a 12 month low of $9.14 and a 12 month high of $20.29.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Neste OYJ Company Profile

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.