FY2023 Earnings Forecast for Touchstone Exploration Inc. (TSE:TXP) Issued By Stifel Firstegy

Touchstone Exploration Inc. (TSE:TXPGet Rating) – Stifel Firstegy decreased their FY2023 earnings per share estimates for shares of Touchstone Exploration in a report released on Thursday, May 19th. Stifel Firstegy analyst R. Fitzmartyn now expects that the company will post earnings per share of $0.02 for the year, down from their previous estimate of $0.04.

TXP stock opened at C$1.42 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 47.92. Touchstone Exploration has a twelve month low of C$1.18 and a twelve month high of C$2.65. The company has a market cap of C$299.85 million and a P/E ratio of 39.44. The business has a fifty day moving average of C$1.43 and a 200-day moving average of C$1.67.

In related news, Senior Officer Christopher Scott Budau sold 31,800 shares of Touchstone Exploration stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of C$1.53, for a total transaction of C$48,654.00. Following the completion of the sale, the insider now directly owns 627,577 shares of the company’s stock, valued at approximately C$960,192.81. Also, Senior Officer James Shipka sold 56,000 shares of the stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of C$1.55, for a total transaction of C$86,800.00. Following the transaction, the insider now owns 774,766 shares in the company, valued at approximately C$1,200,887.30. Over the last three months, insiders sold 94,600 shares of company stock valued at $145,858.

Touchstone Exploration Company Profile (Get Rating)

Touchstone Exploration Inc, an upstream oil and gas company, engages in the exploration, development, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company has interests in various private exploration mineral leasing properties; and two exploration blocks.

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