Analyst Price Target is GBX 60
▲ +167.14% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Touchstone Exploration in the last 3 months. The average price target is GBX 60, with a high forecast of GBX 60 and a low forecast of GBX 60. The average price target represents a 167.14% upside from the last price of GBX 22.46.
Current Consensus is
Buy
The current consensus among 2 contributing investment analysts is to buy stock in 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. Touchstone holds over 8,700 working interest acres of onshore producing properties that have known crude oil reserves as well as over 55,000 exploration and undeveloped working interest acres that are being evaluated.
Outside of its core Trinidad portfolio the Board continues to examine opportunities in jurisdictions that have stable political and fiscal regimes coupled with large defined original oil in place.
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