Touchstone Exploration (PBEGF) received a Buy rating and a p160.00 price target from Canaccord Genuity analyst Charlie Sharp today. The company’s shares closed last Thursday at $1.60, close to its 52-week high of $1.78.
According to TipRanks.com, Sharp is a 4-star analyst with an average return of 9.8% and a 55.7% success rate. Sharp covers the Utilities sector, focusing on stocks such as Transglobe Energy, Vaalco Energy, and Genel Energy.
Touchstone Exploration has an analyst consensus of Strong Buy, with a price target consensus of $2.27, which is a 36.7% upside from current levels. In a report issued on December 12, Stifel Nicolaus also maintained a Buy rating on the stock with a C$2.75 price target.
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Based on Touchstone Exploration’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.75 million and GAAP net loss of $703K. In comparison, last year the company earned revenue of $8.94 million and had a GAAP net loss of $1.05 million.
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Touchstone Exploration, Inc. engages in the acquisition, exploration, development, production, and sale of petroleum and natural gas. Its properties include WD-8, Coora, Fyzabad, Icacos, Palo Seco, East Brighton, Barrackpore, San Fancique, New Dome, and Saouth Palo Seco. The company was founded in 1983 and is headquartered in Alberta, Canada.
