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

Shore Capital reissued their house stock rating on shares of Touchstone Exploration (LON:TXP) in a research note released on Thursday, Marketbeat.com reports.

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

Touchstone Exploration Stock Performance

Touchstone Exploration stock opened at GBX 22.46 ($0.29) on Thursday. The stock’s 50 day simple moving average is GBX 23.83 and its two-hundred day simple moving average is GBX 27.76. The stock has a market cap of £66.13 million, a price-to-earnings ratio of -7.52 and a beta of 0.70. 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).

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.