Western Forest Products (WEF) Stock Price, News & Analysis

Company Overview

Western Forest Products Inc. operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. The company also provides door and window; outdoor structure; and fencing products. Its products have applications in outdoor living, exterior appearance, interior living, industrial, and structural applications. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: C$0.44 to C$0.46
• 50-Day Range: C$0.43 to C$0.56
• 52-Week Range: C$0.41 to C$0.77
• Volume: 271,610 shs
• Average Volume: 384,251 shs
• Market Capitalization: C$144.12 million
• P/E Ratio: N/A
• Dividend Yield: 10.99%
• Price Target: C$0.63
• Consensus Rating: Hold

Western Forest Products Stock Analysis - MarketRank™

Western Forest Products scored higher than 61% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Western Forest Products has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Western Forest Products has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Forest Products is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Forest Products is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Western Forest Products has a PEG Ratio of 0.32. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Western Forest Products has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for WEF.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Western Forest Products is a leading dividend payer. It pays a dividend yield of 6.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Western Forest Products does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for WEF.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.15

News Sentiment

Western Forest Products has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Western Forest Products this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Western Forest Products to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Western Forest Products insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.67% of the stock of Western Forest Products is held by insiders.

Percentage Held by Institutions

Only 39.01% of the stock of Western Forest Products is held by institutions.

WEF Stock Analysis - Frequently Asked Questions

How have WEF shares performed this year?

Western Forest Products' stock was trading at C$0.71 at the beginning of 2024. Since then, WEF shares have decreased by 35.9% and is now trading at C$0.46.
View the best growth stocks for 2024 here.

How were Western Forest Products' earnings last quarter?

Western Forest Products Inc. (TSE:WEF) issued its earnings results on Wednesday, November, 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.03. The company had revenue of $241.70 million for the quarter, compared to the consensus estimate of $242 million. Western Forest Products had a negative net margin of 4.13% and a negative trailing twelve-month return on equity of 7.64%.

How do I buy shares of Western Forest Products?

Shares of WEF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Western Forest Products own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Western Forest Products investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Canadian National Railway (CNR), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), Tourmaline Oil (TOU) and Whitecap Resources (WCP).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Lumber & Wood Production
• Sub-Industry: Construction Materials
• Current Symbol: TSE:WEF
• CUSIP: N/A
• CIK: N/A
• Web: www.westernforest.com
• Phone: +1-604-6484500
• Fax: N/A
• Employees: 2,051
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$0.63
• High Stock Price Target: C$0.80
• Low Stock Price Target: C$0.50
• Potential Upside/Downside: +37.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.14)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 91.15
• P/E Growth: 0.32
• Net Income: C$-42,400,000.00
• Net Margins: -4.13%
• Pretax Margin: N/A
• Return on Equity: -7.64%
• Return on Assets: -4.24%

Debt

• Debt-to-Equity Ratio: 18.43
• Current Ratio: 2.97
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: C$1.03 billion
• Price / Sales: 0.14
• Cash Flow: C$0.04 per share
• Price / Cash Flow: 10.18
• Book Value: C$1.81 per share
• Price / Book: 0.25

Miscellaneous

• Outstanding Shares: 316,750,000
• Free Float: N/A
• Market Cap: C$144.12 million
• Optionable: Not Optionable
• Beta: 1.81