Neste OYJ (OTCMKTS:NTOIY) Issues Earnings Results, Misses Estimates By $0.01 EPS

Neste OYJ (OTCMKTS:NTOIY) posted its quarterly earnings results on Thursday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01), Zacks reports.

Neste OYJ Stock Down 4.3%

OTCMKTS NTOIY traded down $0.54 during trading hours on Thursday, hitting $12.15. 60,596 shares of the company’s stock traded hands, compared to its average volume of 21,033. Neste OYJ has a 52-week low of $3.75 and a 52-week high of $13.05. The firm’s 50-day moving average is $11.41 and its 200-day moving average is $10.10.

Analyst Ratings Changes

A number of research firms recently weighed in on NTOIY. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. UBS Group cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane raised shares of Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Neste OYJ Company Profile

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.