Neste OYJ (NTOIY) Expected to Post Quarterly Earnings on Wednesday

Neste OYJ (OTCMKTS:NTOIY) is projected to announce its results before the market opens on Wednesday, November 4th. Analysts expect Neste OYJ to announce earnings of $0.50 per share and revenue of $6.36 billion for the quarter.

Neste OYJ Trading Down 4.4%

Shares of Neste OYJ stock opened at $16.71 on Wednesday. The company has a 50-day moving average of $18.54 and a 200 day moving average of $16.10. Neste OYJ has a 1 year low of $9.14 and a 1 year high of $20.29.

Analyst Ratings Changes

NTOIY has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Five research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Neste OYJ has a consensus rating of “Strong Buy”.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.