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

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

Western Forest Products Price Performance

Western Forest Products stock opened at C$17.85 on Friday. The company has a debt-to-equity ratio of 15.10, a current ratio of 2.63 and a quick ratio of 0.73. The company has a market capitalization of C$188.46 million, a PE ratio of -1.67, a price-to-earnings-growth ratio of 0.32 and a beta of 0.22. Western Forest Products Inc. has a one year low of C$10.16 and a one year high of C$19.40. The business has a 50 day simple moving average of C$16.60 and a 200 day simple moving average of C$14.94.

Western Forest Products (TSE:WEF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C($1.83) EPS 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 during the quarter. On average, sell-side analysts forecast that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada upped 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. TD lifted their price target on shares of Western Forest Products from C$17.00 to C$19.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Western Forest Products presently has a consensus rating of “Hold” and a consensus target price of C$16.10.

About Western Forest Products

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.