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

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating restated by research analysts at Shore Capital in a research report issued on Thursday,London Stock Exchange reports.

A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a research note on Friday, December 13th. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a research report on Thursday.

Touchstone Exploration Stock Down 0.5 %

Shares of LON TXP traded down GBX 0.10 ($0.00) on Thursday, reaching GBX 21.90 ($0.28). 1,010,038 shares of the company’s stock traded hands, compared to its average volume of 430,284. The business’s 50 day simple moving average is GBX 24.60 and its two-hundred day simple moving average is GBX 28.56. Touchstone Exploration has a 12 month low of GBX 20.63 ($0.27) and a 12 month high of GBX 54 ($0.70). The company has a market cap of £64.48 million, a price-to-earnings ratio of -7.33 and a beta of 0.70.

About Touchstone Exploration

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.