Western Forest Products (TSE:WEF) Director Sells C$34,290.00 in Stock

Western Forest Products Inc. (TSE:WEF) Director Elizabeth Kernaghan sold 1,800 shares of the company’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of C$19.05, for a total transaction of C$34,290.00. Following the completion of the transaction, the director owned 1,889,000 shares of the company’s stock, valued at C$35,985,450. This trade represents a 0.10% decrease in their ownership of the stock.

Western Forest Products Stock Down 4.3%

WEF traded down C$0.80 on Friday, reaching C$17.72. The company’s stock had a trading volume of 35,522 shares, compared to its average volume of 42,020. The stock has a market cap of C$187.09 million, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of 0.32 and a beta of 0.22. Western Forest Products Inc. has a 1 year low of C$10.16 and a 1 year high of C$19.40. The company has a debt-to-equity ratio of 15.10, a current ratio of 2.63 and a quick ratio of 0.73. The business’s 50 day moving average is C$16.53 and its 200 day moving average is C$14.92.

Western Forest Products (TSE:WEF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C($1.83) earnings per share (EPS) for the quarter. The company had revenue of C$201.50 million during the quarter. Western Forest Products had a negative net margin of 12.23% and a negative return on equity of 22.88%. As a group, research analysts forecast that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

Analyst Ratings Changes

WEF has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Western Forest Products from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. TD lifted their target price on Western Forest Products from C$17.00 to C$19.00 and gave the stock a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$16.10.

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. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.