Insider Selling: Western Forest Products (TSE:WEF) Insider Sells 2,500 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$19.06, for a total transaction of C$47,650.00. Following the transaction, the insider directly owned 1,906,700 shares in the company, valued at approximately C$36,341,702. The trade was a 0.13% decrease in their position.

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 shares were sold at an average price of C$19.16, for a total transaction 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 transaction of C$11,466.00.
• On Monday, June 15th, Kernwood Limited sold 1,000 shares of Western Forest Products stock. The stock was 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 stock was 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 shares were 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 stock was sold at an average price of C$19.01, for a total transaction 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 Down 2.8%

Western Forest Products stock traded down C$0.51 during mid-day trading on Friday, hitting C$18.03. 27,378 shares of the company’s stock were exchanged, compared to its average volume of 43,639. The company has a current ratio of 2.63, a quick ratio of 0.73 and a debt-to-equity ratio of 15.10. The stock has a market cap of C$190.36 million, a P/E ratio of -1.68, a P/E/G ratio of 0.32 and a beta of 0.27. Western Forest Products Inc. has a 1-year low of C$10.16 and a 1-year high of C$19.40. The stock has a 50 day moving average of C$15.30 and a two-hundred day moving average of C$13.97.

Western Forest Products (TSE:WEF) last announced its quarterly earnings results 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 company had revenue of C$201.50 million during the quarter. As a group, analysts anticipate that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.