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

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reaffirmed by equities researchers at Shore Capital in a report issued on Tuesday, MarketBeat.com reports.

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

Touchstone Exploration Stock Down 1.5 %

LON:TXP opened at GBX 24.13 ($0.30) on Tuesday. Touchstone Exploration has a twelve month low of GBX 20.63 ($0.26) and a twelve month high of GBX 56.60 ($0.70). The stock’s 50-day simple moving average is GBX 26.02 and its 200 day simple moving average is GBX 30.08. The firm has a market capitalization of £57.05 million, a PE ratio of -603.25 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.