Home Daily Stock Opinions and Ratings Touchstone Exploration Inc. (TXP-T)

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Touchstone Exploration Inc. (TXP-T)

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TSE:TXP

0.44
0.04 (8.75%) 1d
Dec 13, 2024, 3:13 pm
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Touchstone Exploration Inc. (TXP-T) has shown a significant increase in Q1 production, but a notable decline in cash flow due to production and price factors. Despite a relatively small acquisition, the stock is considered very cheap at 7X earnings, with an expected 30%+ growth next year. However, there is size risk and typical sector risks to consider, as well as the need for gas prices to cooperate for this growth to be achieved.

Consensus
Mixed
Valuation
Undervalued
BUY

Touchstone Exploration Inc.(TXP-T)

22/05/2024
Touchstone Exploration Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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Energy
Stockchase Insights
$0.620
Unknown
UnlockRating
TOP PICK

Touchstone Exploration Inc.(TXP-T)

20/04/2022
Touchstone Exploration Inc.
Big discoveries in 2020, trouble with licensing, but the first one will come on in May. Bringing on major wells this year and 2023. $6 target in 4-5 years. Great buy at these levels. No dividend. (Analysts’ price target is $3.05)
Energy
Josef Schachter
$1.590
No
UnlockRating
PAST TOP PICK

Touchstone Exploration Inc.(TXP-T)

29/06/2021
Touchstone Exploration Inc.
(A Top Pick Jul 02/20, Up 51%) Happy he used stops on this. It's appreciated nicely since last year till February, when the stock pulled back after poor results from a well. He's watching it now. IF they show better drilling results, he will buy back in.
Energy
Bruce Campbell (2)
$1.380
No
UnlockRating
PARTIAL BUY

Touchstone Exploration Inc.(TXP-T)

28/05/2021
Touchstone Exploration Inc.
Holds 4M shares. A volume over price story. Exploration is uncommon these days and the share sold off 33-40%. Buying it on cashflow profile with optionality. Buying due to the selloff. Different from other plays in his fund.
Energy
Eric Nuttall
$1.620
Owned
UnlockRating
BUY ON WEAKNESS

Touchstone Exploration Inc.(TXP-T)

30/04/2021
Touchstone Exploration Inc.
Smallest weight in his fund. The stock imploded on bad exploration drilling. Primarily natural gas and some oil. Fixed price on gas so it is a volume story. Bought it at 2x future cashflow so it was a great opportunity. Thinly traded.
Energy
Eric Nuttall
$1.680
Owned
UnlockRating
BUY

Touchstone Exploration Inc.(TXP-T)

26/03/2021
Touchstone Exploration Inc.
Have done a good job with exploratory plays. Want price and volume leverage for oil stocks. TXP does not get the benefit of gas prices due to fixed gas price deals with the government. Would consider it if there was more liquidity and the price fell a little more.
Energy
Eric Nuttall
$2.290
No
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TOP PICK

Touchstone Exploration Inc.(TXP-T)

02/07/2020
Touchstone Exploration Inc.
Operates in Trinidad. It is a highly prolific energy producing region with an 80% success rate. TXP-X have four wells they are drilling and had two successful natural gas discoveries and will be drilling the other two later this year. (Analysts’ price target is $1.27)
Energy
Bruce Campbell (2)
$0.890
Owned
UnlockRating
TOP PICK

Touchstone Exploration Inc.(TXP-T)

23/06/2020
Touchstone Exploration Inc.
Operating in Trinidad in oil, but are now drilling for natural gas. They found two successes, one of which they will bring into production in Q3. When that happens, the stock could hit $1.50. This is a good, rare story on the exploration front. He will buy more shares on weakness. More exploration drilling will happen later in 2020 into 2021. (Analysts’ price target is $1.30)
Energy
Josef Schachter
$0.900
Owned
UnlockRating
BUY ON WEAKNESS

Touchstone Exploration Inc.(TXP-T)

20/05/2020
Touchstone Exploration Inc.
They just released that they will be bringing on two new discoveries -- the first sometime in the second-half of the year. They are in Trinidad and hoping to add natural gas. This will double their production. Currently they are only a crude oil producer. The natural gas market there is paying up to $2.90 US -- a very good price. He has a $0.80 target. He would buy on any pullback. He owns this one.
Energy
Josef Schachter
$0.690
Owned
UnlockRating
PAST TOP PICK

Touchstone Exploration Inc.(TXP-T)

24/03/2020
Touchstone Exploration Inc.
(A Top Pick Mar 28/19, Up 100%) They work in Trinidad, drilling for oil onshore. They have long-term potential with a plan to drill three wells in 2019-2020. The first was successful with a well likely to produce in July. A second discovery could come on in early-2021 and add more production. These drills have rallied the stock. He has an 80-cent target, so there's lots of upside. Even in tough times with low prices, successful drilling for oil will pay off.
Energy
Josef Schachter
$0.420
Owned
UnlockRating
WAIT

Touchstone Exploration Inc.(TXP-T)

24/01/2020
Touchstone Exploration Inc.
They produce medium crude in Trinidad. They have drilled 2 exploratory wells recently -- one produced natural gas and receives about $2.95 per mcf. The second well had a very high pressure rating, which caused the stock price to spike -- doubling in two months. He wants to wait to see results from the second well. There are still two more wells to be drilled. His target share price is $0.80.
Energy
Josef Schachter
$0.460
Unknown
UnlockRating
TOP PICK

Touchstone Exploration Inc.(TXP-T)

16/09/2019
Touchstone Exploration Inc.
It is an exploration story. They are about to start an oil target. He has a $0.50 target. The exploration stories will end up doing much better than the others. (Analysts’ price target is $0.50)
Energy
Josef Schachter
$0.260
Owned
UnlockRating
BUY

Touchstone Exploration Inc.(TXP-T)

26/08/2019
Touchstone Exploration Inc.
He has always wanted to have exploration stories in his portfolio. This company was just doing re-activations in Trinidad, but they raised money to go after deeper targets there. They now have three new wells underway. He likes this stock.
Energy
Josef Schachter
$0.260
Owned
UnlockRating
TOP PICK

Touchstone Exploration Inc.(TXP-T)

25/07/2019
Touchstone Exploration Inc.
His exploration story. Doing reactivations in Trinidad. Now going for higher, deeper targets. They have the cash on the balance sheet to do it. He has a 50 cent price target. No dividend. (Analysts’ price target is $0.45)
Energy
Josef Schachter
$0.265
Owned
UnlockRating
TOP PICK

Touchstone Exploration Inc.(TXP-T)

28/03/2019
Touchstone Exploration Inc.
It is in Trinidad. They are drilling deeper wells for the first time and are 100% oil, presently. Their first target from here is a gas well. If they are successful the development drillings will be massive. His target is $0.50 and $2 in the cycle. This is his small cap recommendation today. (Analysts’ price target is $0.47)
Energy
Josef Schachter
$0.220
Owned
UnlockRating
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Touchstone Exploration Inc.(TXP-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Touchstone Exploration Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Touchstone Exploration Inc.(TXP-T) Frequently Asked Questions

What is Touchstone Exploration Inc. stock symbol?

Touchstone 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

Is Touchstone Exploration Inc. a buy or a sell?

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..

Is Touchstone Exploration Inc. a good investment or a top pick?

Touchstone Exploration Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Touchstone Exploration Inc..

Why is Touchstone Exploration Inc. stock dropping?

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.

Is Touchstone Exploration Inc. worth watching?

1 stock analyst on Stockchase covered Touchstone Exploration Inc. In the last year. It is a trending stock that is worth watching.

What is Touchstone Exploration Inc. stock price?

On 2024-12-13, Touchstone Exploration Inc. (TXP-T) stock closed at a price of $0.435.

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