Neste OYJ (OTCMKTS:NTOIY – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02, Zacks reports. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.
Neste OYJ Stock Down 6.4%
Shares of Neste OYJ stock traded down $1.22 on Friday, hitting $17.74. 15,852 shares of the company’s stock traded hands, compared to its average volume of 56,501. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $16.55 and its 200 day moving average is $14.96. The stock has a market cap of $27.26 billion and a P/E ratio of 32.85. Neste OYJ has a 52-week low of $7.78 and a 52-week high of $19.31.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on NTOIY shares. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Neste OYJ presently has an average rating of “Buy”.
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.
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