Touchstone Exploration (LON:TXP) Reaches New 12-Month Low – Should You Sell?

Touchstone Exploration Inc. (LON:TXP)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 5.70 and last traded at GBX 6.45, with a volume of 11816007 shares traded. The stock had previously closed at GBX 6.20.

Analyst Ratings Changes

Several analysts have recently issued reports on TXP shares. Shore Capital reiterated a “house stock” rating on shares of Touchstone Exploration in a research note on Thursday, August 14th. Canaccord Genuity Group cut their price target on Touchstone Exploration from GBX 34 to GBX 32 and set a “speculative buy” rating on the stock in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 46.

Touchstone Exploration Stock Performance

The company’s 50-day moving average price is GBX 11.97 and its 200-day moving average price is GBX 14.86. The firm has a market capitalization of £22.37 million, a PE ratio of 6.89 and a beta of 0.70.

Insider Transactions at Touchstone Exploration

In other Touchstone Exploration news, insider Paul R. Baay acquired 22,004 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was acquired at an average cost of GBX 28 per share, with a total value of £6,161.12. 3.68% of the stock is owned by company insiders.

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.