Western Forest Products (TSE:WEF) Insider Sells 1,800 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited sold 1,800 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of C$19.05, for a total value of C$34,290.00. Following the transaction, the insider directly owned 1,889,000 shares of the company’s stock, valued at C$35,985,450. The trade was a 0.10% decrease in their position.

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 shares were sold at an average price of C$19.16, for a total transaction of C$40,236.00.
• On Monday, June 15th, Kernwood Limited sold 600 shares of Western Forest Products stock. The shares were 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 stock was 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 shares were sold at an average price of C$19.19, for a total value of C$9,595.00.
• On Monday, June 15th, Kernwood Limited sold 200 shares of Western Forest Products stock. The shares were sold at an average price of C$19.18, for a total value 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 value 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 transaction 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.
• On Thursday, June 18th, Kernwood Limited sold 2,700 shares of Western Forest Products stock. The shares were sold at an average price of C$19.00, for a total transaction of C$51,300.00.

Western Forest Products Stock Performance

Shares of TSE:WEF traded down C$0.80 during midday trading on Friday, hitting C$17.72. The company’s stock had a trading volume of 35,522 shares, compared to its average volume of 42,020. The company has a debt-to-equity ratio of 15.10, a quick ratio of 0.73 and a current ratio of 2.63. Western Forest Products Inc. has a fifty-two week low of C$10.16 and a fifty-two week high of C$19.40. The stock’s 50 day simple moving average is C$16.53 and its 200 day simple moving average is C$14.92. The stock has a market capitalization of C$187.09 million, a price-to-earnings ratio of -1.65, a PEG ratio of 0.32 and a beta of 0.22.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WEF shares. Royal Bank Of Canada upped their price objective on 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 Western Forest Products from C$17.00 to C$19.00 and gave the stock a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$16.10.

Western Forest Products Company Profile

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.