Western Forest Products Inc (TSE:WEF) insider Stephen D.A. Williams acquired 25,000 shares of the stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of C$1.81 per share, for a total transaction of C$45,250.00.

Stephen D.A. Williams also recently made the following trade(s):

  • On Tuesday, November 27th, Stephen D.A. Williams acquired 43,700 shares of Western Forest Products stock. The shares were bought at an average price of C$1.95 per share, for a total transaction of C$85,215.00.

Shares of WEF traded up C$0.02 during midday trading on Thursday, hitting C$1.83. The company’s stock had a trading volume of 141,451 shares, compared to its average volume of 768,487. Western Forest Products Inc has a one year low of C$1.74 and a one year high of C$2.95.

Western Forest Products (TSE:WEF) last issued its quarterly earnings results on Wednesday, November 7th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$292.50 million during the quarter. Equities research analysts expect that Western Forest Products Inc will post 0.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, December 14th will be paid a $0.0225 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.09 annualized dividend and a dividend yield of 4.92%. Western Forest Products’s payout ratio is 40.48%.

A number of equities analysts have commented on WEF shares. CIBC lowered Western Forest Products from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$3.00 to C$2.50 in a research note on Wednesday, September 19th. Raymond James lowered their price objective on Western Forest Products from C$1.60 to C$1.00 in a research note on Monday, October 15th. Finally, Scotiabank restated an “average” rating and set a C$2.75 price objective on shares of Western Forest Products in a research note on Friday, November 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$2.90.

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Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers lumber and logs from various tree species, such as western red cedar, hem-fir, Douglas fir, yellow cedar, and Sitka spruce.

Further Reading: What is a Leveraged Buyout (LBO)?

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