Shore Capital restated their house stock rating on shares of Touchstone Exploration (LON:TXP - Free Report) in a research report released on Thursday morning, Marketbeat.com reports.
A number of other research firms have also recently commented on TXP. Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 60 ($0.77) target price on shares of Touchstone Exploration in a research note on Thursday. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 60 ($0.77) price target on shares of Touchstone Exploration in a research note on Friday, December 13th.
Check Out Our Latest Stock Analysis on Touchstone Exploration
Touchstone Exploration Stock Down 3.4 %
Shares of TXP stock traded down GBX 0.75 ($0.01) during trading hours on Thursday, hitting GBX 21.25 ($0.27). 784,515 shares of the company's stock traded hands, compared to its average volume of 519,771. The stock's fifty day simple moving average is GBX 24.57 and its two-hundred day simple moving average is GBX 28.42. Touchstone Exploration has a 12-month low of GBX 20.63 ($0.27) and a 12-month high of GBX 54 ($0.70). The stock has a market cap of £62.57 million, a price-to-earnings ratio of -7.11 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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