Touchstone Exploration Inc. (LON:TXP – Get Free Report) insider Paul R. Baay purchased 22,004 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were purchased at an average cost of GBX 28 per share, with a total value of £6,161.12.
Touchstone Exploration Stock Down 1.0%
Shares of TXP stock opened at GBX 14.85 on Friday. The business has a 50-day moving average price of GBX 13.97 and a two-hundred day moving average price of GBX 18.41. Touchstone Exploration Inc. has a 12-month low of GBX 11.20 and a 12-month high of GBX 39. The firm has a market cap of £38.77 million, a P/E ratio of 1,485.00 and a beta of 0.70.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Canaccord Genuity Group dropped their price target on Touchstone Exploration from GBX 50 to GBX 35 and set a “speculative buy” rating for the company in a research note on Tuesday, August 19th. Shore Capital reissued a “house stock” rating on shares of Touchstone Exploration in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Touchstone Exploration has a consensus rating of “Buy” and an average price target of GBX 47.50.
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.
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