Neste OYJ (OTCMKTS:NTOIY) Sees Large Volume Increase - What's Next?

Key Points

• Neste saw mid-day trading of about 52,902 shares (essentially flat versus the prior session) and the ADR last traded at $14.855, down roughly 1.8%.
• Analysts are mixed after recent revisions — several upgrades and downgrades — leaving a consensus rating of “Moderate Buy” (2 Strong Buy, 1 Buy, 4 Hold).
• Latest quarter missed EPS ($0.09 vs. $0.10 expected) while revenue beat at $5.84B; the stock trades at a high PE ratio of 133.65 and the company is a major producer of renewable diesel and sustainable aviation fuel.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 52,902 shares traded hands during mid-day trading, an increase of 0% from the previous session's volume of 52,743 shares.The stock last traded at $14.8550 and had previously closed at $14.97.

Analysts Set New Price Targets

A number of analysts have issued reports on NTOIY shares. Berenberg Bank raised Neste OYJ from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 15th. Royal Bank Of Canada raised Neste OYJ from a "hold" rating to a "moderate buy" rating in a research note on Thursday, March 12th. UBS Group downgraded Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Barclays raised Neste OYJ from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 17th. Finally, The Goldman Sachs Group downgraded Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 19th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Neste OYJ Stock Down 1.8%

The firm has a 50 day moving average price of $14.23 and a 200-day moving average price of $11.92. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm has a market cap of $22.59 billion and a PE ratio of 133.65.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.59 billion. Neste OYJ had a net margin of 0.81% and a return on equity of 2.14%.

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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