Western Forest Products (TSE:WEF) Insider Sells 2,700 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of C$19.00, for a total value of C$51,300.00. Following the sale, the insider directly owned 1,900,800 shares in the company, valued at approximately C$36,115,200. This represents a 0.14% decrease in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

• On Monday, June 15th, Kernwood Limited sold 2,100 shares of Western Forest Products stock. The stock was sold at an average price of C$19.16, for a total value of C$40,236.00.
• On Monday, June 15th, Kernwood Limited sold 600 shares of Western Forest Products stock. The stock was sold at an average price of C$19.11, for a total transaction of C$11,466.00.
• On Monday, June 15th, Kernwood Limited sold 2,500 shares of Western Forest Products stock. The shares were sold at an average price of C$19.06, for a total transaction of C$47,650.00.
• On Monday, June 15th, Kernwood Limited sold 1,000 shares of Western Forest Products stock. The stock was sold at an average price of C$19.25, for a total transaction of C$19,250.00.
• On Monday, June 15th, Kernwood Limited sold 500 shares of Western Forest Products stock. The stock was sold at an average price of C$19.19, for a total transaction of C$9,595.00.
• On Monday, June 15th, Kernwood Limited sold 200 shares of Western Forest Products stock. The stock was sold at an average price of C$19.18, for a total transaction of C$3,836.00.
• On Wednesday, June 17th, Kernwood Limited sold 300 shares of Western Forest Products stock. The stock was sold at an average price of C$19.14, for a total transaction of C$5,742.00.
• On Thursday, June 18th, Kernwood Limited sold 600 shares of Western Forest Products stock. The stock was sold at an average price of C$19.04, for a total value of C$11,424.00.
• On Thursday, June 18th, Kernwood Limited sold 100 shares of Western Forest Products stock. The shares were sold at an average price of C$19.01, for a total transaction of C$1,901.00.

Western Forest Products Stock Performance

Western Forest Products stock traded down C$0.51 during midday trading on Friday, reaching C$18.03. 27,378 shares of the stock traded hands, compared to its average volume of 43,639. The company has a current ratio of 2.63, a quick ratio of 0.73 and a debt-to-equity ratio of 15.10. The firm has a fifty day moving average price of C$15.30 and a two-hundred day moving average price of C$13.97. The firm has a market cap of C$190.36 million, a price-to-earnings ratio of -1.68, a PEG ratio of 0.32 and a beta of 0.27. Western Forest Products Inc. has a fifty-two week low of C$10.16 and a fifty-two week high of C$19.40.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WEF shares. Royal Bank Of Canada raised their target price on shares of Western Forest Products from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. TD upped their price target on shares of Western Forest Products from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. Finally, Raymond James Financial upped their price target on shares of Western Forest Products from C$12.00 to C$13.50 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$15.70.

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.