Shore Capital Reiterates House Stock Rating for Touchstone Exploration (LON:TXP)

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reaffirmed by stock analysts at Shore Capital in a research report issued on Thursday,London Stock Exchange reports.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 60 ($0.78) target price on shares of Touchstone Exploration in a research note on Thursday, March 6th. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 60 ($0.78) price objective on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Price Performance

Shares of Touchstone Exploration stock traded down GBX 0.70 ($0.01) during trading hours on Thursday, hitting GBX 22.55 ($0.29). 831,652 shares of the company’s stock traded hands, compared to its average volume of 534,212. The stock has a market capitalization of £66.40 million, a price-to-earnings ratio of -7.55 and a beta of 0.70. Touchstone Exploration has a 12-month low of GBX 20.28 ($0.26) and a 12-month high of GBX 54 ($0.70). The company has a fifty day simple moving average of GBX 23.93 and a 200-day simple moving average of GBX 27.90.

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.