Deep Energy Reports Mixed Results for Q3

Deep Energy Resources, a microcap company in the oil exploration and refineries industry, recently announced its financial results for the quarter ended September 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the quarterly analysis, Deep Energy saw a 11.76% growth in net sales compared to a drastic -97.51% decline in the previous quarter. However, the consolidated net profit showed a -13.33% decrease, which was an improvement from the -140.00% decline in the previous quarter. The operating profit (PBDIT) excluding other income also showed a negative growth of -126.09%, but it was better than the -124.21% decline in the previous quarter. The company's interest expenses also increased by 33.33% compared to 50.00% in the previous quarter. The operating profit margin (excluding other income) also showed a decline from the previous quarter.

Despite the flat financial performance, Deep Energy has shown some positive trends in its financials. The net sales for the nine-month period have grown by 277.89% year on year, and the company has already surpassed its sales from the previous twelve months. This shows a positive sales trend for the company.

However, there are some areas that need improvement for Deep Energy. The operating profit (PBDIT) for the quarter was the lowest in the last five quarters, indicating a negative trend. The operating profit margin was also at its lowest in the last five quarters, showing a decline in the company's efficiency. The profit before tax (PBT) excluding other income was also at its lowest in the last five quarters, indicating a negative trend. The earnings per share (EPS) for the quarter were also the lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders.

Overall, Deep Energy's financial performance for the quarter ended September 2023 has been flat, with some positive and negative trends. Investors should carefully analyze the company's financials before making any investment decisions.