Touchstone Exploration Inc. (LON:TXP – Get Free Report) insider Paul R. Baay acquired 22,004 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were bought at an average price of GBX 28 per share, with a total value of £6,161.12.
Touchstone Exploration Price Performance
Shares of TXP opened at GBX 14.90 on Friday. Touchstone Exploration Inc. has a 1-year low of GBX 11.20 and a 1-year high of GBX 39. The company has a 50-day moving average of GBX 13.87 and a 200 day moving average of GBX 18.34. The firm has a market capitalization of £38.90 million, a price-to-earnings ratio of 1,490.00 and a beta of 0.70.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Touchstone Exploration from GBX 50 to GBX 35 and set a “speculative buy” rating for the company in a report on Tuesday, August 19th. Shore Capital reiterated a “house stock” rating on shares of Touchstone Exploration in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Touchstone Exploration currently has an average rating of “Buy” and an average price target of GBX 47.50.
About Touchstone Exploration
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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