Should I buy or sell Western Forest Products stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WFSTF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WFSTF, but not buy additional shares or sell existing shares. View WFSTF analyst ratings or view top-rated stocks .

What is Western Forest Products' stock price target for 2024?

1 analysts have issued twelve-month price objectives for Western Forest Products' shares. Their WFSTF share price targets range from $2.00 to $2.50. On average, they predict the company's share price to reach $2.33 in the next year. This suggests a possible upside of 466.9% from the stock's current price. View analysts price targets for WFSTF or view top-rated stocks among Wall Street analysts .

How have WFSTF shares performed in 2024?

Western Forest Products' stock was trading at $0.5450 on January 1st, 2024. Since then, WFSTF shares have decreased by 24.5% and is now trading at $0.4116. View the best growth stocks for 2024 here .

Are investors shorting Western Forest Products?

Western Forest Products saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 734,500 shares, a decrease of 58.4% from the March 15th total of 1,767,000 shares. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is presently 24.0 days. View Western Forest Products' Short Interest .

When is Western Forest Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our WFSTF earnings forecast .

How often does Western Forest Products pay dividends? What is the dividend yield for Western Forest Products?

Western Forest Products announced a dividend on Saturday, August 19th. Investors of record on Friday, August 25th will be given a dividend of $0.0093 per share on Friday, September 15th. This represents a dividend yield of 5.16%. The ex-dividend date is Thursday, August 24th. This is a boost from the stock's previous dividend of $0.01. Read our dividend analysis for WFSTF .

Is Western Forest Products a good dividend stock?

Western Forest Products (OTCMKTS:WFSTF) pays an annual dividend of $0.06 per share and currently has a dividend yield of 3.51%. The dividend payout ratio is 22.67%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for WFSTF .

How do I buy shares of Western Forest Products?

Shares of WFSTF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:WFSTF

Western Forest Products (WFSTF) Stock Price, News & Analysis

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$0.41

+0.01 (+2.49%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.41
▼
$0.42
50-Day Range: $0.40
▼
$0.50
52-Week Range: $0.40
▼
$0.86

Volume: 45,500 shs
Average Volume: 17,988 shs
Market Capitalization: N/A

P/E Ratio: 1.56
Dividend Yield: 14.58%
Price Target: $2.33

Stock Analysis Analyst Forecasts Chart Dividend Headlines Short Interest

Get Western Forest Products alerts:

Western Forest Products MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 466.9% Upside
$2.33 Price Target
Short Interest: Bearish
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.06 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
Western Forest Products has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Western Forest Products has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Western Forest Products has a short interest ratio ("days to cover") of 24, which indicates bearish sentiment.
Change versus previous month
Short interest in Western Forest Products has recently decreased by 58.43%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Western Forest Products is a leading dividend payer. It pays a dividend yield of 3.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Western Forest Products does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Western Forest Products is 22.67%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WFSTF.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Western Forest Products this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for WFSTF on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Forest Products insiders have not sold or bought any company stock.
Percentage Held by Institutions
75.27% of the stock of Western Forest Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Western Forest Products is 1.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Forest Products is 1.56, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 138.26.

See Top Rated MarketRank™ Stocks Here

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About Western Forest Products Stock (OTCMKTS:WFSTF)

Western Forest Products Inc. operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. The company also provides door and window; outdoor structure; and fencing products. Its products have applications in outdoor living, exterior appearance, interior living, industrial, and structural applications. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

WFSTF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WFSTF Stock News Headlines

April 16, 2024 | marketwatch.com

Western Forest Products Indefinitely Curtails Alberni Pacific Division

April 11, 2024 | americanbankingnews.com

Western Forest Products Inc. (OTCMKTS:WFSTF) Short Interest Update

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.

April 8, 2024 | finance.yahoo.com

Western Forest Products Inc.'s (TSE:WEF) largest shareholders are retail investors with 53% ownership, institutions own 46%

March 28, 2024 | finance.yahoo.com

Western Forest Products Inc. Announces Release Date of First Quarter 2024 Results and Conference Call Details

March 28, 2024 | globenewswire.com

Western Forest Products Inc. Announces Release Date of First Quarter 2024 Results and Conference Call Details

March 28, 2024 | globenewswire.com

Western Forest Products Completes Sale of Ownership Interest in Newly Formed Mid-Island Partnership

February 13, 2024 | finance.yahoo.com

Western Announces Fourth Quarter 2023 Results

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

February 13, 2024 | globenewswire.com

Western Announces Fourth Quarter 2023 Results

January 15, 2024 | msn.com

Climate Change Is Stifling Forests Across the Western U.S.

November 8, 2023 | msn.com

Western Forest Products GAAP EPS of -C$0.05, revenue of C$231.1M

October 29, 2023 | finance.yahoo.com

Western Forest Products Inc. (TSE:WEF) is favoured by institutional owners who hold 50% of the company

October 15, 2023 | finance.yahoo.com

Estimating The Intrinsic Value Of Western Forest Products Inc. (TSE:WEF)

October 14, 2023 | markets.businessinsider.com

Western Forest Prod (WEF) Receives a Hold from CIBC

September 29, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Release Date of Third Quarter 2023 Results and Conference Call Details

September 15, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc up on Thursday (WEF)

August 26, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc flat on Friday (WEF)

August 4, 2023 | finanznachrichten.de

Western Forest Products Inc.: Western Announces Second Quarter 2023 Results

July 30, 2023 | theglobeandmail.com

Western Forest Products: Top 10 Undervalued Forest Products Industry Stocks (WEF)

July 21, 2023 | markets.businessinsider.com

RBC Capital Keeps Their Hold Rating on Western Forest Prod (WEF)

June 30, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Release Date of Second Quarter 2023 Results and Conference Call Details

May 5, 2023 | msn.com

Western Forest Products (WFSTF) Declares $0.01 Dividend

May 3, 2023 | marketwatch.com

Western Forest Products Says Lumber Markets Will Remain Volatile -- Commodity Comment

May 2, 2023 | markets.businessinsider.com

What Wall Street expects from Western Forest Products's earnings

April 27, 2023 | finance.yahoo.com

Alberni Pacific Division Working Group Update

April 19, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc flat on Tuesday (WEF)

See More Headlines

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Company Calendar

Today: 4/19/2024
Next Earnings (Estimated): 5/01/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Basic Materials
Industry: Lumber & Wood Production
Sub-Industry: N/A
Current Symbol: OTCMKTS:WFSTF
CUSIP: N/A
CIK: N/A
Web: www.westernforest.com
Phone: (604) 648-4500
Fax: N/A
Employees: 2,051
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.33
High Stock Price Target: $2.50
Low Stock Price Target: $2.00
Potential Upside/Downside: +466.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 1.56
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. J. Steven Hofer (Age 54)
President, CEO & Non-Independent Director
Comp: $815.99k
Mr. Stephen Williams
Executive VP & CFO
Mr. Bruce Lindsay Alexander
Senior Vice President of Sales, Marketing & Manufacturing
Ms. Jennifer Eileen Foster
Senior Vice President of Human Resources & Corporate Affairs
Ms. Alyce Harper
VP, General Counsel & Corporate Secretary
Babita Khunkhun
Senior Director of Communications
Mr. Glen Douglas Nontell
Vice President of Corporate Development
Mr. Morris Mandziuk
Treasurer

Key Competitors

View All Competitors

WFSTF Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Forest Products stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WFSTF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WFSTF, but not buy additional shares or sell existing shares.
View WFSTF analyst ratings or view top-rated stocks.
What is Western Forest Products' stock price target for 2024?: 1 analysts have issued twelve-month price objectives for Western Forest Products' shares. Their WFSTF share price targets range from $2.00 to $2.50. On average, they predict the company's share price to reach $2.33 in the next year. This suggests a possible upside of 466.9% from the stock's current price.
View analysts price targets for WFSTF or view top-rated stocks among Wall Street analysts.
How have WFSTF shares performed in 2024?: Western Forest Products' stock was trading at $0.5450 on January 1st, 2024. Since then, WFSTF shares have decreased by 24.5% and is now trading at $0.4116.
View the best growth stocks for 2024 here.
Are investors shorting Western Forest Products?: Western Forest Products saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 734,500 shares, a decrease of 58.4% from the March 15th total of 1,767,000 shares. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is presently 24.0 days.
View Western Forest Products' Short Interest.

When is Western Forest Products' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our WFSTF earnings forecast.
How often does Western Forest Products pay dividends? What is the dividend yield for Western Forest Products?: Western Forest Products announced a dividend on Saturday, August 19th. Investors of record on Friday, August 25th will be given a dividend of $0.0093 per share on Friday, September 15th. This represents a dividend yield of 5.16%. The ex-dividend date is Thursday, August 24th. This is a boost from the stock's previous dividend of $0.01.
Read our dividend analysis for WFSTF.
Is Western Forest Products a good dividend stock?: Western Forest Products (OTCMKTS:WFSTF) pays an annual dividend of $0.06 per share and currently has a dividend yield of 3.51%. The dividend payout ratio is 22.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WFSTF.
How do I buy shares of Western Forest Products?: Shares of WFSTF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:WFSTF) was last updated on 4/20/2024 by MarketBeat.com Staff

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