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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEF, but not buy additional shares or sell existing shares. View WEF analyst ratings or view top-rated stocks .

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

5 brokers have issued 1 year price objectives for Western Forest Products' shares. Their WEF share price targets range from C$0.65 to C$0.80. On average, they predict the company's stock price to reach C$0.73 in the next year. This suggests a possible upside of 30.4% from the stock's current price. View analysts price targets for WEF or view top-rated stocks among Wall Street analysts .

How have WEF shares performed in 2024?

Western Forest Products' stock was trading at C$0.71 at the beginning of 2024. Since then, WEF shares have decreased by 21.1% and is now trading at C$0.56. View the best growth stocks for 2024 here .

When is Western Forest Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our WEF earnings forecast .

How were Western Forest Products' earnings last quarter?

Western Forest Products Inc. (TSE:WEF) released its earnings results on Tuesday, February, 13th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $246.60 million for the quarter. Western Forest Products had a negative net margin of 6.73% and a negative trailing twelve-month return on equity of 11.50%.

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

Western Forest Products announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be given a dividend of 0.0125 per share on Friday, September 15th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date of this dividend is Thursday, August 24th. Read our dividend analysis for WEF .

Is Western Forest Products a good dividend stock?

Western Forest Products (TSE:WEF) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 6.67%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for WEF .

What other stocks do shareholders of Western Forest Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Forest Products investors own include AltaGas (ALA) , Inter Pipeline (IPL) , Canadian National Railway (CNR) , Tourmaline Oil (TOU) , Teck Resources (TECK.B) , Canfor (CFP) , Enbridge (ENB) , ProMetic Life Sciences (PLI) , Whitecap Resources (WCP) and Bombardier, Inc. Class B (BBD.B) .

How do I buy shares of Western Forest Products?

Shares of WEF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:WEF

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

→ Biden’s $374B Giveaway Into This Sector (From DTI) (Ad)

Free WEF Stock Alerts

C$0.57

+0.01 (+1.79%)

(As of 10:22 AM ET)

Compare

Today's Range: C$0.57
▼
C$0.57
50-Day Range: C$0.55
▼
C$0.68
52-Week Range: C$0.55
▼
C$1.14

Volume: 6,892 shs
Average Volume: 278,029 shs
Market Capitalization: C$180.55 million

P/E Ratio: N/A
Dividend Yield: 8.77%
Price Target: C$0.73

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Western Forest Products alerts:

Western Forest Products MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 30.4% Upside
C$0.73 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.47
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$63,000 Bought Last Quarter
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.

2.58 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, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Western Forest Products has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WEF.

1.7

Dividend Strength

Dividend Leadership
Western Forest Products is a leading dividend payer. It pays a dividend yield of 6.67%, 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.

N/A

Sustainability and ESG

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

0.9

News and Social Media Coverage

News Sentiment
Western Forest Products has a news sentiment score of -0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Western Forest Products this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Western Forest Products to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Forest Products insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$63,000.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.51% of the stock of Western Forest Products is held by insiders.
Percentage Held by Institutions
49.45% 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.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Western Forest Products is -2.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Forest Products is -2.55, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Western Forest Products has a PEG Ratio of 0.32. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Western Forest Products has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad DTI

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

Click here for the full story

About Western Forest Products Stock (TSE:WEF)

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.

WEF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WEF Stock News Headlines

April 17, 2024 | americanbankingnews.com

Western Forest Products (TSE:WEF) Given New C$0.65 Price Target at TD Securities

March 28, 2024 | finance.yahoo.com

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

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 2, 2024 | investing.com

Western Forest Products Inc (WEF)

February 23, 2024 | wsj.com

Western Forest Products Inc.

February 17, 2024 | finance.yahoo.com

Western Forest Products Inc. (WEF.TO)

February 14, 2024 | finanznachrichten.de

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

February 13, 2024 | marketwatch.com

Western Forest Products Sees Higher N American Demand for Commodity Products in 1Q -- Commodity Comment

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

December 30, 2023 | morningstar.com

Western Forest Products Inc WEF

December 29, 2023 | finance.yahoo.com

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

November 19, 2023 | finance.yahoo.com

Shareholders in Western Forest Products (TSE:WEF) are in the red if they invested five years ago

October 20, 2023 | markets.businessinsider.com

Raymond James Sticks to Its Hold Rating for Western Forest Prod (WEF)

September 30, 2023 | finance.yahoo.com

Should You Investigate Western Forest Products Inc. (TSE:WEF) At CA$0.82?

August 24, 2023 | theglobeandmail.com

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

August 9, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Hold Rating for Western Forest Prod (WEF)

August 3, 2023 | markets.businessinsider.com

Resideo Announces Second Quarter 2023 Financial Results

August 3, 2023 | finance.yahoo.com

Western Announces Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of Third Quarter 2023 Dividend

August 3, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Renewal of Normal Course Issuer Bid

June 30, 2023 | finance.yahoo.com

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

June 12, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia

June 11, 2023 | finance.yahoo.com

Western Forest Products (TSE:WEF) investors are sitting on a loss of 51% if they invested five years ago

May 25, 2023 | finance.yahoo.com

Western Forest Products' (TSE:WEF) Returns On Capital Tell Us There Is Reason To Feel Uneasy

May 9, 2023 | theglobeandmail.com

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

May 3, 2023 | finance.yahoo.com

Western Announces First Quarter 2023 Results

May 3, 2023 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of Second Quarter 2023 Dividend

See More Headlines

Receive WEF Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Western Forest Products and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 2/13/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Lumber & Wood Production
Sub-Industry: N/A
Current Symbol: TSE:WEF
CUSIP: N/A
CIK: N/A
Web: www.westernforest.com
Phone: +1-604-6484500
Fax: N/A
Employees: 2,051
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$0.73
High Stock Price Target: C$0.80
Low Stock Price Target: C$0.65
Potential Upside/Downside: +30.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.22)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 112.18
P/E Growth: 0.32
Net Income: C$-68,500,000.00
Net Margins: -6.73%
Pretax Margin: N/A
Return on Equity: -11.50%
Return on Assets: -5.64%

Debt

Debt-to-Equity Ratio: 18.42
Current Ratio: 2.77
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: C$1.02 billion
Price / Sales: 0.17
Cash Flow: C$0.06 per share
Price / Cash Flow: 10.18
Book Value: C$1.78 per share
Price / Book: 0.31

Miscellaneous

Outstanding Shares: 316,750,000
Free Float: N/A
Market Cap: C$177.38 million
Optionable: Not Optionable
Beta: 1.93

Elon Musk's Next Move

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives

Mr. J. Steven Hofer (Age 54)
President, CEO & Non-Independent Director
Comp: $1.11M
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

Insiders

View All Insider Transactions

WEF Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Forest Products stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEF, but not buy additional shares or sell existing shares.
View WEF analyst ratings or view top-rated stocks.
What is Western Forest Products' stock price target for 2024?: 5 brokers have issued 1 year price objectives for Western Forest Products' shares. Their WEF share price targets range from C$0.65 to C$0.80. On average, they predict the company's stock price to reach C$0.73 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
View analysts price targets for WEF or view top-rated stocks among Wall Street analysts.
How have WEF shares performed in 2024?: Western Forest Products' stock was trading at C$0.71 at the beginning of 2024. Since then, WEF shares have decreased by 21.1% and is now trading at C$0.56.
View the best growth stocks for 2024 here.
When is Western Forest Products' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our WEF earnings forecast.
How were Western Forest Products' earnings last quarter?: Western Forest Products Inc. (TSE:WEF) released its earnings results on Tuesday, February, 13th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $246.60 million for the quarter. Western Forest Products had a negative net margin of 6.73% and a negative trailing twelve-month return on equity of 11.50%.

How often does Western Forest Products pay dividends? What is the dividend yield for Western Forest Products?: Western Forest Products announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be given a dividend of 0.0125 per share on Friday, September 15th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for WEF.
Is Western Forest Products a good dividend stock?: Western Forest Products (TSE:WEF) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 6.67%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for WEF.
What other stocks do shareholders of Western Forest Products own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Western Forest Products investors own include AltaGas (ALA), Inter Pipeline (IPL), Canadian National Railway (CNR), Tourmaline Oil (TOU), Teck Resources (TECK.B), Canfor (CFP), Enbridge (ENB), ProMetic Life Sciences (PLI), Whitecap Resources (WCP) and Bombardier, Inc. Class B (BBD.B).
How do I buy shares of Western Forest Products?: Shares of WEF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:WEF) was last updated on 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Western Forest Products MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Western Forest Products Stock (TSE:WEF)

WEF Stock Price History

WEF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

WEF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™