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

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

A number of other research firms have also recently commented on TXP. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 60 ($0.77) price target on shares of Touchstone Exploration in a report on Thursday. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Stock Down 0.5 %

LON:TXP traded down GBX 0.10 ($0.00) on Thursday, reaching GBX 21.90 ($0.28). 1,010,038 shares of the company’s stock traded hands, compared to its average volume of 430,284. The stock has a 50-day simple moving average of GBX 24.60 and a 200-day simple moving average of GBX 28.56. Touchstone Exploration has a 12 month low of GBX 20.63 ($0.27) and a 12 month high of GBX 54 ($0.70). The firm has a market cap of £64.48 million, a PE ratio of -7.33 and a beta of 0.70.

Touchstone Exploration Company Profile

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.