Kernwood Limited Sells 2,700 Shares of Western Forest Products (TSE:WEF) Stock

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited sold 2,700 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of C$19.00, for a total value of C$51,300.00. Following the sale, the insider owned 1,900,800 shares in the company, valued at approximately C$36,115,200. The trade was a 0.14% 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 stock was 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 stock was 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 transaction of C$19,250.00.
• On Monday, June 15th, Kernwood Limited sold 500 shares of Western Forest Products stock. The shares were sold at an average price of C$19.19, for a total transaction of C$9,595.00.
• On Monday, June 15th, Kernwood Limited sold 200 shares of Western Forest Products stock. The shares were sold at an average price of C$19.18, for a total transaction of C$3,836.00.
• On Wednesday, June 17th, Kernwood Limited sold 300 shares of Western Forest Products stock. The stock was sold at an average price of C$19.14, for a total transaction 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 transaction 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 transaction of C$1,901.00.

Western Forest Products Stock Down 2.8%

WEF traded down C$0.51 during trading hours on Friday, reaching C$18.03. 27,378 shares of the stock traded hands, compared to its average volume of 43,639. The firm’s fifty day simple moving average is C$15.30 and its two-hundred day simple moving average is C$13.97. The company has a market cap of C$190.36 million, a price-to-earnings ratio of -1.68, a PEG ratio of 0.32 and a beta of 0.27. Western Forest Products Inc. has a fifty-two week low of C$10.16 and a fifty-two week high of C$19.40. The company has a debt-to-equity ratio of 15.10, a current ratio of 2.63 and a quick ratio of 0.73.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($1.83) earnings per share for the quarter. The firm had revenue of C$201.50 million during the quarter. Western Forest Products had a negative net margin of 12.23% and a negative return on equity of 22.88%. As a group, analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WEF shares. Royal Bank Of Canada raised their price objective 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. Raymond James Financial lifted their price objective on Western Forest Products from C$12.00 to C$13.50 and gave the stock a “market perform” rating in a report on Friday, February 20th. Finally, TD upped their target price on Western Forest Products from C$16.00 to C$17.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Western Forest Products has an average rating of “Hold” and a consensus target price of C$15.70.

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.