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

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating restated by analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

Several other research firms also recently commented on TXP. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 60 ($0.75) price objective on shares of Touchstone Exploration in a report on Friday, December 13th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 60 ($0.75) price target on shares of Touchstone Exploration in a research note on Friday, December 13th.

Touchstone Exploration Stock Down 2.6 %

Shares of LON TXP traded down GBX 0.65 ($0.01) during trading on Tuesday, reaching GBX 24.10 ($0.30). The company had a trading volume of 1,524,379 shares, compared to its average volume of 490,775. The business’s 50-day moving average is GBX 26.24 and its 200 day moving average is GBX 30.20. The stock has a market cap of £56.98 million, a PE ratio of -602.50 and a beta of 0.70. Touchstone Exploration has a 12-month low of GBX 20.63 ($0.26) and a 12-month 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.