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 dated 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 sale, the director directly owned 1,889,000 shares in the company, valued at approximately C$35,985,450. The trade was a 0.10% decrease in their position.

Western Forest Products Price Performance

Shares of WEF opened at C$17.85 on Monday. The stock has a market cap of C$188.46 million, a price-to-earnings ratio of -1.67, a P/E/G ratio of 0.32 and a beta of 0.22. The company has a quick ratio of 0.73, a current ratio of 2.63 and a debt-to-equity ratio of 15.10. Western Forest Products Inc. has a 12 month low of C$10.16 and a 12 month high of C$19.40. The company has a 50-day moving average price of C$16.60 and a two-hundred day moving average price of C$14.97.

Western Forest Products (TSE:WEF) last released its quarterly earnings data 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 company had revenue of C$201.50 million for the quarter. Equities analysts predict that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WEF has been the topic of a number of analyst reports. Royal Bank Of Canada upped their price target on Western Forest Products from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. TD upped their target price on shares of Western Forest Products from C$17.00 to C$19.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.