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

Shore Capital reiterated their house stock rating on shares of Touchstone Exploration (LON:TXP) in a report published on Thursday, Marketbeat.com reports.

TXP has been the topic of a number of other reports. Canaccord Genuity Group restated 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. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 60 ($0.78) price target on shares of Touchstone Exploration in a report on Thursday, March 6th.

Touchstone Exploration Stock Up 0.9 %

Touchstone Exploration stock opened at GBX 23.45 ($0.30) on Thursday. The company’s 50-day moving average price is GBX 23.88 and its 200-day moving average price is GBX 27.87. The company has a market cap of £69.05 million, a PE ratio of -7.85 and a beta of 0.70. Touchstone Exploration has a twelve month low of GBX 20.28 ($0.26) and a twelve month high of GBX 54 ($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.