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

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

Several other equities research analysts also recently issued reports on TXP. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 60 ($0.77) target price on shares of Touchstone Exploration in a research report on Thursday, March 6th. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 60 ($0.77) target price on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Trading Down 2.3 %

LON:TXP opened at GBX 22.46 ($0.29) on Thursday. Touchstone Exploration has a 1-year low of GBX 20.28 ($0.26) and a 1-year high of GBX 54 ($0.70). The stock has a 50 day simple moving average of GBX 23.83 and a 200 day simple moving average of GBX 27.76. 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.