Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $17.93, but opened at $18.86. Neste OYJ shares last traded at $18.88, with a volume of 1,673 shares changing hands.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on NTOIY. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Neste OYJ
Neste OYJ Stock Down 0.4%
Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 billion. As a group, analysts forecast that Neste OYJ – Unsponsored ADR will post 1.37 EPS for the current year.
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.
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