Western Forest Products (TSE:WEF) Director Elizabeth Kernaghan Sells 1,800 Shares of Stock

Western Forest Products Inc. (TSE:WEF) Director Elizabeth Kernaghan sold 1,800 shares of the company’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of C$19.05, for a total transaction of C$34,290.00. Following the transaction, the director owned 1,889,000 shares of the company’s stock, valued at C$35,985,450. This trade represents a 0.10% decrease in their ownership of the stock.

Western Forest Products Stock Down 3.6%

Shares of WEF opened at C$17.85 on Friday. 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 52 week low of C$10.16 and a 52 week high of C$19.40. The stock has a market capitalization of C$188.46 million, a price-to-earnings ratio of -1.67, a PEG ratio of 0.32 and a beta of 0.22. The stock has a fifty day moving average of C$16.60 and a 200-day moving average of C$14.94.

Western Forest Products (TSE:WEF) last issued 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 return on equity of 22.88% and a negative net margin of 12.23%.The firm had revenue of C$201.50 million for the quarter. As a group, sell-side analysts anticipate that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on WEF. TD upped their price objective on Western Forest Products from C$17.00 to C$19.00 and gave the company a “hold” rating in a research note on Tuesday. Royal Bank Of Canada boosted their target price on shares of Western Forest Products from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, April 16th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Western Forest Products has an average rating of “Hold” and an average 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.