Touchstone Exploration (LON:TXP) Receives House Stock Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of Touchstone Exploration (LON:TXP) in a research report released on Tuesday morning, MarketBeat Ratings reports.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 60 ($0.75) price target on shares of Touchstone Exploration in a research note on Friday, December 13th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 60 ($0.75) price target on shares of Touchstone Exploration in a research note on Friday, December 13th.

Touchstone Exploration Price Performance

Shares of LON:TXP opened at GBX 24.48 ($0.30) on Tuesday. The company has a market capitalization of £57.87 million, a PE ratio of -611.88 and a beta of 0.70. The business has a fifty day moving average price of GBX 26.02 and a two-hundred day moving average price of GBX 30.08. Touchstone Exploration has a 1 year low of GBX 20.63 ($0.26) and a 1 year high of GBX 56.60 ($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.