Neste OYJ (OTCMKTS:NTOIY) Releases Earnings Results, Beats Expectations By $0.28 EPS

Neste OYJ (OTCMKTS:NTOIY) released its quarterly earnings results on Thursday. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.28, Zacks reports. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.

Neste OYJ Price Performance

NTOIY stock traded down $0.64 during trading on Thursday, hitting $15.66. The stock had a trading volume of 53,642 shares, compared to its average volume of 51,816. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth 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 company’s 50 day moving average price is $18.51 and its two-hundred day moving average price is $16.12. Neste OYJ has a 1-year low of $9.14 and a 1-year high of $20.29.

Analysts Set New Price Targets

Several analysts have recently 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 report on Thursday, September 3rd. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Five research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average 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.