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

Touchstone Exploration (LON:TXP)‘s stock had its “house stock” rating reissued by research analysts at Shore Capital in a note issued to investors on Tuesday, MarketBeat reports.

Several other equities analysts have also issued reports on TXP. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 60 ($0.75) target price on shares of Touchstone Exploration in a report on Friday, December 13th. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 60 ($0.75) target price on shares of Touchstone Exploration in a research report on Friday, December 13th.

Touchstone Exploration Stock Performance

Touchstone Exploration stock opened at GBX 24.13 ($0.30) on Tuesday. The firm has a 50 day moving average price of GBX 26.02 and a two-hundred day moving average price of GBX 30.08. Touchstone Exploration has a 52-week low of GBX 20.63 ($0.26) and a 52-week high of GBX 56.60 ($0.70). The firm has a market cap of £57.05 million, a price-to-earnings ratio of -603.25 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.