Touchstone Exploration Future Growth

Future criteria checks 5/6

Touchstone Exploration is forecast to grow earnings and revenue by 81.5% and 39% per annum respectively while EPS is expected to grow by 93% per annum.

Key information

81.5%

Earnings growth rate

93.0%

EPS growth rate

Oil and Gas earnings growth	7.6%
Revenue growth rate	39.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

Would Touchstone Exploration (TSE:TXP) Be Better Off With Less Debt?

May 21

Touchstone Exploration Inc.'s (TSE:TXP) P/S Is Still On The Mark Following 26% Share Price Bounce

Mar 07

These 4 Measures Indicate That Touchstone Exploration (TSE:TXP) Is Using Debt Extensively

Oct 04

Analysts Just Shaved Their Touchstone Exploration Inc. (TSE:TXP) Forecasts Dramatically

Sep 07

Returns At Touchstone Exploration (TSE:TXP) Are On The Way Up

Sep 02

Is Touchstone Exploration (TSE:TXP) Using Too Much Debt?

Jun 14

The Consensus EPS Estimates For Touchstone Exploration Inc. (TSE:TXP) Just Fell Dramatically

Apr 16

Shareholders In Touchstone Exploration (TSE:TXP) Should Look Beyond Earnings For The Full Story

Apr 05

Analysts Just Shaved Their Touchstone Exploration Inc. (TSE:TXP) Forecasts Dramatically

Mar 30

Would Touchstone Exploration (TSE:TXP) Be Better Off With Less Debt?

Mar 08

Is Touchstone Exploration (TSE:TXP) A Risky Investment?

Jun 13

Earnings and Revenue Growth Forecasts

TSX:TXP - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	123	4	37	N/A	1
12/31/2025	127	22	17	57	3
12/31/2024	81	15	-2	30	3
3/31/2024	43	-17	-5	17	N/A
12/31/2023	36	-21	-6	13	N/A
9/30/2023	26	-1	-17	3	N/A
6/30/2023	24	-3	-14	6	N/A
3/31/2023	27	-3	-11	6	N/A
12/31/2022	28	-3	-6	6	N/A
9/30/2022	27	5	-9	8	N/A
6/30/2022	26	6	-18	6	N/A
3/31/2022	23	6	-24	3	N/A
12/31/2021	20	6	-26	2	N/A
9/30/2021	18	1	-29	0	N/A
6/30/2021	16	0	-21	4	N/A
3/31/2021	14	-2	-18	1	N/A
12/31/2020	14	-11	-16	2	N/A
9/30/2020	17	-16	-11	4	N/A
6/30/2020	20	-17	-14	-1	N/A
3/31/2020	24	-15	-10	3	N/A
12/31/2019	28	-6	-6	5	N/A
9/30/2019	29	-2	-7	5	N/A
6/30/2019	30	0	-5	7	N/A
3/31/2019	29	0	-5	10	N/A
12/31/2018	28	0	-11	6	N/A
9/30/2018	25	3	-5	6	N/A
6/30/2018	22	1	-4	5	N/A
3/31/2018	20	1	-10	-1	N/A
12/31/2017	18	-1	N/A	1	N/A
9/30/2017	18	-9	N/A	0	N/A
6/30/2017	16	-9	N/A	1	N/A
3/31/2017	15	-9	N/A	5	N/A
12/31/2016	13	-10	N/A	7	N/A
9/30/2016	13	-4	N/A	4	N/A
6/30/2016	14	-13	N/A	2	N/A
3/31/2016	17	-18	N/A	2	N/A
12/31/2015	18	-16	N/A	-2	N/A
9/30/2015	23	-53	N/A	4	N/A
6/30/2015	32	-53	N/A	8	N/A
3/31/2015	29	-43	N/A	3	N/A
12/31/2014	26	-49	N/A	3	N/A
9/30/2014	17	-47	N/A	-2	N/A
6/30/2014	5	-44	N/A	-7	N/A
3/31/2014	N/A	-49	N/A	-5	N/A
12/31/2013	N/A	-50	N/A	-8	N/A
9/30/2013	N/A	-160	N/A	-5	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TXP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: TXP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TXP is expected to become profitable in the next 3 years.

Revenue vs Market: TXP's revenue (39% per year) is forecast to grow faster than the Canadian market (7% per year).

High Growth Revenue: TXP's revenue (39% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if TXP's Return on Equity is forecast to be high in 3 years time

Touchstone Exploration Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 13% to CA$1.74

Touchstone Exploration Inc. Provides Production Guidance for the Year 2024

Price target decreased by 14% to CA$2.47

Consensus forecasts updated

Consensus revenue estimates fall by 14%

Price target decreased to CA$2.96

Recent updates

Would Touchstone Exploration (TSE:TXP) Be Better Off With Less Debt?

First quarter 2024 earnings released: EPS: US$0.02 (vs US$0.001 loss in 1Q 2023)

Touchstone Exploration Inc. (TSX:TXP) reached agreement to acquire Trinity Exploration & Production plc (AIM:TRIN) from group of shareholders for £24.1 million.

Touchstone Exploration Inc., Annual General Meeting, Jun 19, 2024

Touchstone Exploration Inc. Provides Operational Update, an Operational Update, Highlighted by Drilling Results At Cascadura-3ST1 Delineation Well and Co-374 Development Well

Full year 2023 earnings: EPS misses analyst expectations

Price target increased by 13% to CA$1.74

Touchstone Exploration Inc.'s (TSE:TXP) P/S Is Still On The Mark Following 26% Share Price Bounce

Touchstone Exploration Inc. Commences Drilling the Cascadura-3 Development Well and the CO-374 Development Well

Touchstone Exploration Inc. Announces Cascadura-2 Drilling Results

Touchstone Exploration Inc. Provides Production Guidance for the Year 2024

Capital Allocation Trends At Touchstone Exploration (TSE:TXP) Aren't Ideal

Third quarter 2023 earnings released

Touchstone Exploration Inc. to Report Q3, 2023 Results on Nov 14, 2023

President recently sold CA$118k worth of stock

Independent Chairman recently sold CA$66k worth of stock

Independent Chairman recently sold CA$66k worth of stock

Independent Chairman recently sold CA$360k worth of stock

President exercised options to buy CA$309k worth of stock.

Touchstone Exploration Inc. Announces Commencement of Cascadura Production

Price target decreased by 14% to CA$2.47

Touchstone Exploration Inc. Provides an Update on Royston-1X Well Production Testing, Commissioning of the Cascadura Natural Gas and Liquids Facility, and Operations at Coho

Touchstone Exploration (TSE:TXP) Seems To Be Using A Lot Of Debt

Touchstone Exploration Inc. Announces Ortoire Operational Update

Touchstone Exploration Inc. Provides an Update on the Construction of the Cascadura Facility and Royston-1X Production Testing

Touchstone Exploration Enters into Settlement Agreement with the Alberta Securities Commission

First quarter 2023 earnings released

Is Touchstone Exploration (TSE:TXP) Using Too Much Debt?

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 17%

Touchstone Exploration Inc. Announces Commencement of Royston-1X Operations

Touchstone Exploration Inc. (TSX:TXP) agreed to acquire Rio Claro, Balata East and Balata East Deep Horizons Blocks of Lease Operators Limited.

Touchstone Exploration Inc. (TSX:TXP) agreed to acquire Rio Claro, Balata East and Balata East Deep Horizons Blocks of Lease Operators Limited.

Investor sentiment improved over the past week

Touchstone Exploration Inc. has completed a Follow-on Equity Offering in the amount of CAD 10.098 million.

Touchstone Exploration Inc. announced that it has received CAD 7.83396 million in funding

Third quarter 2022 earnings released

Consensus forecasts updated

Touchstone Exploration Inc. Announces First Natural Gas Production from Coho

Investor sentiment improved over the past week

These 4 Measures Indicate That Touchstone Exploration (TSE:TXP) Is Using Debt Extensively

Independent Chairman recently sold CA$124k worth of stock

Analysts Just Shaved Their Touchstone Exploration Inc. (TSE:TXP) Forecasts Dramatically

Consensus revenue estimates fall by 14%

Returns At Touchstone Exploration (TSE:TXP) Are On The Way Up

Independent Chairman exercised options to buy CA$652k worth of stock.

Second quarter 2022 earnings released

Investor sentiment improved over the past week

Touchstone Exploration Inc. Announces Board of Director Changes

Investor sentiment deteriorated over the past week

Touchstone Exploration Inc. Provides Operational Update

Price target decreased to CA$2.96

Is Touchstone Exploration (TSE:TXP) Using Too Much Debt?

First quarter 2022 earnings: Revenues miss analyst expectations

Insufficient new directors

Chief Financial Officer recently sold CA$66k worth of stock

Price target decreased to CA$3.23

The Consensus EPS Estimates For Touchstone Exploration Inc. (TSE:TXP) Just Fell Dramatically

Consensus forecasts updated

Shareholders In Touchstone Exploration (TSE:TXP) Should Look Beyond Earnings For The Full Story

Touchstone Exploration Inc., Annual General Meeting, Jun 09, 2022

Analysts Just Shaved Their Touchstone Exploration Inc. (TSE:TXP) Forecasts Dramatically

Full year 2021 earnings released

Would Touchstone Exploration (TSE:TXP) Be Better Off With Less Debt?

Touchstone Exploration Inc. Announces Third Test Results at Royston-1 and Extended Production Test

Third quarter 2021 earnings released

Price target increased to CA$2.93

Touchstone Exploration Inc. Announces Royston-1 Drilling Results

Second quarter 2021 earnings released: US$0.001 loss per share (vs US$0.015 loss in 2Q 2020)