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Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)Growth data and Biden plan lift Bay and Wall streetsTouchstone Exploration Inc. is a Canadian stock, trading under the symbol TXP-T on the Toronto Stock Exchange (TXP-CT). It is usually referred to as TSX:TXP or TXP-T
In the last year, 1 stock analyst published opinions about TXP-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Touchstone Exploration Inc..
Touchstone Exploration Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Touchstone Exploration Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Touchstone Exploration Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-29, Touchstone Exploration Inc. (TXP-T) stock closed at a price of $0.55.
Q1 production was 7,015 b/d (80% gas), up 80% from the prior year period. Production fell 18% largely due to natural depletion. Cash flow was $6.1M vs $10.5M on the production decline but also due to lower prices. Debt fell, but is still $27.6M, about 1X cash flow annualized. Bloomberg does not show quarterly estimates even with five analysts following the stock. The Trinity acquisition is proceeding but it is relatively small, representing about 14% of TXP's market cap. The stock is very cheap at 7X earnings, but there is size risk here in addition to typical sector risks. It is expected to show 30%+ growth next year, but will need gas prices to co-operate to achieve this.
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