Touchstone Exploration’s (TXP) “House Stock” Rating Reiterated at Shore Capital

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reaffirmed by analysts at Shore Capital in a research note issued on Thursday, Marketbeat reports.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a research note on Thursday, March 6th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a research note on Friday, December 13th.

Touchstone Exploration Price Performance

Shares of LON:TXP opened at GBX 22.46 ($0.29) on Thursday. The business’s fifty day moving average price is GBX 23.83 and its two-hundred day moving average price is GBX 27.80. Touchstone Exploration has a fifty-two week low of GBX 20.28 ($0.26) and a fifty-two week high of GBX 54 ($0.70). The stock has a market capitalization of £66.13 million, a price-to-earnings ratio of -7.52 and a beta of 0.70.

Touchstone Exploration Company Profile

Touchstone Exploration Inc is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders.

The Company’s strategy is to leverage the Board’s extensive oil recovery experience and capability to develop international onshore properties that create shareholder value.

In Trinidad, the Company’s interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad.