Key Points
- Insider Peter William Nicol purchased 650,000 shares of Touchstone Exploration on December 1 at an average price of GBX 7 per share, for a total of £45,500.
- Touchstone shares opened at GBX 7, trade within a 52-week range of GBX 5.70–31, have a market cap of £22.73 million, a PE of 7.00, and 50/200-day simple moving averages of GBX 10.52 and GBX 13.89 respectively.
- Analyst consensus is broadly positive with an average rating of Buy and an average price target of GBX 46, though Canaccord recently cut its target to GBX 32 while maintaining a "speculative buy" stance.
Touchstone Exploration Inc. (LON:TXP - Get Free Report) insider Peter William Nicol bought 650,000 shares of the company's stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of GBX 7 per share, with a total value of £45,500.
Touchstone Exploration Stock Up 1.4%
LON:TXP opened at GBX 7 on Wednesday. The business's 50-day simple moving average is GBX 10.52 and its two-hundred day simple moving average is GBX 13.89. Touchstone Exploration Inc. has a 52 week low of GBX 5.70 and a 52 week high of GBX 31. The stock has a market cap of £22.73 million, a PE ratio of 7.00 and a beta of 0.70.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on TXP. Canaccord Genuity Group lowered their price target on Touchstone Exploration from GBX 34 to GBX 32 and set a "speculative buy" rating on the stock in a report on Thursday, November 13th. Shore Capital reiterated a "house stock" rating on shares of Touchstone Exploration in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of GBX 46.
Read Our Latest Stock Analysis on TXP
About Touchstone Exploration
(
Get Free Report)
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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