Kernwood Limited Sells 1,800 Shares of Western Forest Products (TSE:WEF) Stock

Western Forest Products Inc. (TSE:WEFGet Free Report) insider Kernwood Limited sold 1,800 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 1,889,000 shares in the company, valued at approximately C$35,985,450. This trade represents a 0.10% decrease in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

  • On Monday, June 15th, Kernwood Limited sold 2,100 shares of Western Forest Products stock. The stock was sold at an average price of C$19.16, for a total value of C$40,236.00.
  • On Monday, June 15th, Kernwood Limited sold 600 shares of Western Forest Products stock. The shares were sold at an average price of C$19.11, for a total value of C$11,466.00.
  • On Monday, June 15th, Kernwood Limited sold 2,500 shares of Western Forest Products stock. The shares were sold at an average price of C$19.06, for a total value of C$47,650.00.
  • On Monday, June 15th, Kernwood Limited sold 1,000 shares of Western Forest Products stock. The shares were sold at an average price of C$19.25, for a total value of C$19,250.00.
  • On Monday, June 15th, Kernwood Limited sold 500 shares of Western Forest Products stock. The stock was sold at an average price of C$19.19, for a total value of C$9,595.00.
  • On Monday, June 15th, Kernwood Limited sold 200 shares of Western Forest Products stock. The stock was sold at an average price of C$19.18, for a total value of C$3,836.00.
  • On Wednesday, June 17th, Kernwood Limited sold 300 shares of Western Forest Products stock. The shares were sold at an average price of C$19.14, for a total value of C$5,742.00.
  • On Thursday, June 18th, Kernwood Limited sold 600 shares of Western Forest Products stock. The shares were sold at an average price of C$19.04, for a total value of C$11,424.00.
  • On Thursday, June 18th, Kernwood Limited sold 100 shares of Western Forest Products stock. The shares were sold at an average price of C$19.01, for a total value of C$1,901.00.
  • On Thursday, June 18th, Kernwood Limited sold 2,700 shares of Western Forest Products stock. The stock was sold at an average price of C$19.00, for a total transaction of C$51,300.00.

Western Forest Products Stock Performance

WEF stock 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. The stock has a market cap of C$188.46 million, a P/E ratio of -1.67, a P/E/G ratio of 0.32 and a beta of 0.22. The firm 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 Inc. has a 52 week low of C$10.16 and a 52 week high of C$19.40.

Western Forest Products (TSE:WEFGet Free Report) 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 during the quarter. Research analysts anticipate that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD increased their price objective on 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. Royal Bank Of Canada boosted their target price on Western Forest Products from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$16.10.

Read Our Latest Stock Report on Western Forest Products

Western Forest Products Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Western Forest Products (TSE:WEF)

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