Western Forest Products (TSE:WEF) Director Acquires C$42,840.00 in Stock

Western Forest Products Inc. (TSE:WEF) Director Elizabeth Kernaghan purchased 3,600 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were bought at an average price of C$11.90 per share, with a total value of C$42,840.00. Following the completion of the transaction, the director owned 1,722,000 shares of the company’s stock, valued at approximately C$20,491,800. The trade was a 0.21% increase in their ownership of the stock.

Elizabeth Kernaghan also recently made the following trade(s):

• On Wednesday, October 22nd, Elizabeth Kernaghan acquired 1,600 shares of Western Forest Products stock. The stock was bought at an average price of C$11.89 per share, for a total transaction of C$19,024.00.
• On Wednesday, October 22nd, Elizabeth Kernaghan acquired 200 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.88 per share, with a total value of C$2,376.00.
• On Wednesday, October 22nd, Elizabeth Kernaghan bought 600 shares of Western Forest Products stock. The stock was bought at an average price of C$11.87 per share, with a total value of C$7,122.00.
• On Wednesday, October 22nd, Elizabeth Kernaghan bought 500 shares of Western Forest Products stock. The stock was purchased at an average cost of C$11.85 per share, for a total transaction of C$5,925.00.
• On Wednesday, October 22nd, Elizabeth Kernaghan purchased 100 shares of Western Forest Products stock. The shares were purchased at an average price of C$11.83 per share, for a total transaction of C$1,183.00.
• On Monday, November 3rd, Elizabeth Kernaghan acquired 5,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$11.75 per share, with a total value of C$58,750.00.
• On Monday, November 3rd, Elizabeth Kernaghan acquired 9,600 shares of Western Forest Products stock. The stock was purchased at an average price of C$11.70 per share, for a total transaction of C$112,320.00.
• On Monday, November 3rd, Elizabeth Kernaghan bought 300 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.69 per share, for a total transaction of C$3,507.00.
• On Monday, November 3rd, Elizabeth Kernaghan bought 100 shares of Western Forest Products stock. The shares were purchased at an average price of C$11.68 per share, with a total value of C$1,168.00.
• On Tuesday, November 4th, Elizabeth Kernaghan bought 4,900 shares of Western Forest Products stock. The stock was purchased at an average cost of C$11.60 per share, with a total value of C$56,840.00.

Western Forest Products Trading Down 0.1%

TSE:WEF traded down C$0.01 on Friday, reaching C$11.12. 18,427 shares of the company’s stock were exchanged, compared to its average volume of 18,327. The firm has a market capitalization of C$117.40 million, a price-to-earnings ratio of -1.80, a price-to-earnings-growth ratio of 0.32 and a beta of 0.71. Western Forest Products Inc. has a 52-week low of C$10.80 and a 52-week high of C$14.70. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The business has a fifty day moving average of C$12.18 and a 200-day moving average of C$12.23.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($5.71) EPS for the quarter. Western Forest Products had a negative net margin of 4.21% and a negative return on equity of 7.69%. The business had revenue of C$233.00 million during the quarter. As a group, analysts expect that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WEF has been the subject of several research reports. Raymond James Financial boosted their price target on shares of Western Forest Products to C$10.00 in a research note on Friday, August 8th. Scotiabank boosted their target price on Western Forest Products to C$15.00 in a research note on Friday, August 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$13.38.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.