Shore Capital restated their house stock rating on shares of Touchstone Exploration (LON:TXP - Free Report) in a research report sent to investors on Thursday, MarketBeat.com reports.
TXP has been the subject of several other reports. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a report on Thursday, March 6th. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 60 ($0.77) price objective on shares of Touchstone Exploration in a report on Friday, December 13th.
Check Out Our Latest Report on TXP
Touchstone Exploration Stock Down 2.3 %
Shares of Touchstone Exploration stock traded down GBX 0.54 ($0.01) during trading on Thursday, reaching GBX 22.46 ($0.29). 653,695 shares of the stock were exchanged, compared to its average volume of 538,400. Touchstone Exploration has a 1 year low of GBX 20.28 ($0.26) and a 1 year high of GBX 54 ($0.70). The stock's fifty day moving average is GBX 23.83 and its 200 day moving average is GBX 27.80. The firm has a market cap of £66.13 million, a price-to-earnings ratio of -7.52 and a beta of 0.70.
About Touchstone Exploration
(
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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.
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