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 note issued on Thursday, Marketbeat.com reports.

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

Touchstone Exploration Stock Down 2.3 %

Shares of LON TXP opened at GBX 22.46 ($0.29) on Thursday. 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). The firm’s 50-day simple moving average is GBX 23.83 and its 200 day simple moving average is GBX 27.80. The stock has a market cap of £66.13 million, a P/E ratio of -7.52 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.