Western Forest Products (TSE:WEF) Insider Kernwood Limited Acquires 3,600 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited purchased 3,600 shares of Western Forest Products stock in a transaction that occurred on Wednesday, October 22nd. The shares were acquired at an average price of C$11.90 per share, for a total transaction of C$42,840.00. Following the acquisition, the insider owned 1,722,000 shares in the company, valued at C$20,491,800. This trade represents a 0.21% increase in their ownership of the stock.

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

• On Wednesday, October 22nd, Kernwood Limited purchased 1,600 shares of Western Forest Products stock. The shares were acquired at an average cost of C$11.89 per share, with a total value of C$19,024.00.
• On Wednesday, October 22nd, Kernwood Limited acquired 200 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.88 per share, for a total transaction of C$2,376.00.
• On Wednesday, October 22nd, Kernwood Limited bought 600 shares of Western Forest Products stock. The shares were acquired at an average cost of C$11.87 per share, for a total transaction of C$7,122.00.
• On Wednesday, October 22nd, Kernwood Limited bought 500 shares of Western Forest Products stock. The shares were acquired at an average price of C$11.85 per share, with a total value of C$5,925.00.
• On Wednesday, October 22nd, Kernwood Limited purchased 100 shares of Western Forest Products stock. The stock was acquired at an average cost of C$11.83 per share, with a total value of C$1,183.00.
• On Monday, November 3rd, Kernwood Limited purchased 5,000 shares of Western Forest Products stock. The stock was bought at an average price of C$11.75 per share, for a total transaction of C$58,750.00.
• On Monday, November 3rd, Kernwood Limited acquired 9,600 shares of Western Forest Products stock. The stock was bought at an average price of C$11.70 per share, with a total value of C$112,320.00.
• On Monday, November 3rd, Kernwood Limited bought 300 shares of Western Forest Products stock. The stock was bought at an average cost of C$11.69 per share, with a total value of C$3,507.00.
• On Monday, November 3rd, Kernwood Limited bought 100 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.68 per share, for a total transaction of C$1,168.00.
• On Tuesday, November 4th, Kernwood Limited purchased 4,900 shares of Western Forest Products stock. The shares were bought at an average price of C$11.60 per share, for a total transaction of C$56,840.00.

Western Forest Products Trading Down 0.1%

WEF stock traded down C$0.01 during trading on Friday, reaching C$11.12. The company had a trading volume of 18,427 shares, compared to its average volume of 18,327. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. Western Forest Products Inc. has a 52 week low of C$10.80 and a 52 week high of C$14.70. The business has a 50 day moving average of C$12.18 and a 200 day moving average of C$12.23. The company has a market cap of C$117.40 million, a P/E ratio of -1.80, a PEG ratio of 0.32 and a beta of 0.71.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($5.71) earnings per share for the quarter. Western Forest Products had a negative net margin of 4.21% and a negative return on equity of 7.69%. The firm had revenue of C$233.00 million for the quarter. As a group, sell-side analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WEF shares. Raymond James Financial increased their price objective on Western Forest Products to C$10.00 in a report on Friday, August 8th. Scotiabank upped their target price on shares of Western Forest Products to C$15.00 in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$13.38.

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.