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

Shore Capital restated their house stock rating on shares of Touchstone Exploration (LON:TXP - Free Report) in a report published on Thursday, MarketBeat Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group reaffirmed 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 reaffirmed 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 Down 0.9 %

Shares of LON:TXP traded down GBX 0.21 ($0.00) during trading on Thursday, reaching GBX 22.25 ($0.29). 164,912 shares of the company traded hands, compared to its average volume of 531,960. The firm has a market capitalization of £65.51 million, a PE ratio of -7.45 and a beta of 0.70. Touchstone Exploration has a 52 week low of GBX 20.28 ($0.26) and a 52 week high of GBX 54 ($0.70). The company's 50 day moving average is GBX 23.75 and its two-hundred day moving average is GBX 27.64.

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.