Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up pre-market from $14.70 to an open of $15.56 and last traded at $15.69 on a volume of 11,449 shares.
• Analyst activity is mixed: Berenberg and Goldman Sachs upgraded Neste to Strong Buy while UBS cut it to Hold, leaving an overall consensus of Moderate Buy (2 Strong Buy, 3 Hold).
• Neste slightly missed EPS ( $0.09 vs. $0.10 expected) but beat revenue estimates ($5.84B vs. $5.59B), and trades at a high valuation with a P/E of 175.11 and market cap of $24.22B.

Neste OYJ - Unsponsored ADR (OTCMKTS:NTOIY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.70, but opened at $15.56. Neste OYJ shares last traded at $15.69, with a volume of 11,449 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on NTOIY shares. Berenberg Bank raised shares of Neste OYJ from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 15th. UBS Group lowered Neste OYJ from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group raised Neste OYJ from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Neste OYJ has an average rating of "Moderate Buy".

Neste OYJ Stock Performance

The company has a fifty day moving average of $12.49 and a two-hundred day moving average of $10.90. The stock has a market capitalization of $24.22 billion and a P/E ratio of 175.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Neste OYJ had a return on equity of 2.13% and a net margin of 0.81%.The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.59 billion.

About Neste OYJ

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.