Should I buy or sell Western Forest Products stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEF, but not buy additional shares or sell existing shares. View WEF analyst ratings or view top-rated stocks .

What is Western Forest Products' stock price target for 2024?

4 Wall Street research analysts have issued 12 month price objectives for Western Forest Products' shares. Their WEF share price targets range from C$0.75 to C$1.50. On average, they anticipate the company's share price to reach C$0.98 in the next year. This suggests a possible upside of 42.0% from the stock's current price. View analysts price targets for WEF or view top-rated stocks among Wall Street analysts .

How have WEF shares performed in 2023?

Western Forest Products' stock was trading at C$1.16 at the beginning of 2023. Since then, WEF shares have decreased by 40.5% and is now trading at C$0.69. View the best growth stocks for 2023 here .

When is Western Forest Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024. View our WEF earnings forecast .

How were Western Forest Products' earnings last quarter?

Western Forest Products Inc. (TSE:WEF) released its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $231.10 million for the quarter. Western Forest Products had a negative trailing twelve-month return on equity of 12.21% and a negative net margin of 7.13%.

How often does Western Forest Products pay dividends? What is the dividend yield for Western Forest Products?

Western Forest Products announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be paid a dividend of 0.0125 per share on Friday, September 15th. This represents a $0.05 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Thursday, August 24th. Read our dividend analysis for WEF .

Is Western Forest Products a good dividend stock?

Western Forest Products (TSE:WEF) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 6.67%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for WEF .

What other stocks do shareholders of Western Forest Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Forest Products investors own include AltaGas (ALA) , Inter Pipeline (IPL) , Canadian National Railway (CNR) , Tourmaline Oil (TOU) , Teck Resources (TECK.B) , Canfor (CFP) , Enbridge (ENB) , ProMetic Life Sciences (PLI) , Whitecap Resources (WCP) and Bombardier, Inc. Class B (BBD.B) .

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 .

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

C$0.69

+0.02 (+2.99%)

(As of 12/5/2023 ET)

Compare

Today's Range: C$0.65
▼
C$0.69
50-Day Range: C$0.64
▼
C$0.85
52-Week Range: C$0.63
▼
C$1.45

Volume: 285,579 shs
Average Volume: 354,618 shs
Market Capitalization: C$218.56 million

P/E Ratio: N/A
Dividend Yield: 7.25%
Price Target: C$0.98

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Western Forest Products MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 42.0% Upside
C$0.98 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.86
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

3.0

Analyst's Opinion

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.
Price Target Upside/Downside
According to analysts' consensus price target of C$0.98, Western Forest Products has a forecasted upside of 42.0% from its current price of C$0.69.
Amount of Analyst Coverage
Western Forest Products has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WEF.

1.7

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WEF.

3.3

News and Social Media Coverage

News Sentiment
Western Forest Products has a news sentiment score of 0.86. 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 0.36 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Western Forest Products this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for WEF on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Western Forest Products to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

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 0.38% of the stock of Western Forest Products is held by insiders.
Percentage Held by Institutions
53.87% of the stock of Western Forest Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Western Forest Products is -3.00, 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 -3.00, 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 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Western Forest Products Stock (TSE:WEF)

Western Forest Products Inc. operates as an integrated forest products company in Canada, the United States, Japan, China, Europe, and internationally. The company is involved in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber activities. 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.

WEF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WEF Stock News Headlines

November 30, 2023 | americanbankingnews.com

FY2023 Earnings Estimate for Western Forest Products Inc. Issued By Raymond James (TSE:WEF)

November 28, 2023 | americanbankingnews.com

FY2025 Earnings Forecast for Western Forest Products Inc. (TSE:WEF) Issued By Raymond James

December 6, 2023 | Financial Alphas (Ad)

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November 19, 2023 | finance.yahoo.com

Shareholders in Western Forest Products (TSE:WEF) are in the red if they invested five years ago

October 20, 2023 | markets.businessinsider.com

Raymond James Sticks to Its Hold Rating for Western Forest Prod (WEF)

September 30, 2023 | finance.yahoo.com

Should You Investigate Western Forest Products Inc. (TSE:WEF) At CA$0.82?

August 24, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc flat on Thursday (WEF)

August 9, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Hold Rating for Western Forest Prod (WEF)

December 6, 2023 | Financial Alphas (Ad)

Lithium Discovery So BIG You Can't Miss it, Even From Space

August 3, 2023 | markets.businessinsider.com

Resideo Announces Second Quarter 2023 Financial Results

August 3, 2023 | finance.yahoo.com

Western Announces Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of Third Quarter 2023 Dividend

August 3, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Renewal of Normal Course Issuer Bid

June 30, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Release Date of Second Quarter 2023 Results and Conference Call Details

June 12, 2023 | finance.yahoo.com

Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia

June 11, 2023 | finance.yahoo.com

Western Forest Products (TSE:WEF) investors are sitting on a loss of 51% if they invested five years ago

May 25, 2023 | finance.yahoo.com

Western Forest Products' (TSE:WEF) Returns On Capital Tell Us There Is Reason To Feel Uneasy

May 9, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc down on Tuesday (WEF)

May 3, 2023 | finance.yahoo.com

Western Announces First Quarter 2023 Results

May 3, 2023 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of Second Quarter 2023 Dividend

May 3, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc up on Tuesday (WEF)

April 28, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc down on Thursday (WEF)

April 27, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc flat on Wednesday (WEF)

April 27, 2023 | finance.yahoo.com

Western Forest Products Inc. (TSE:WEF) most popular amongst individual investors who own 48% of the shares, institutions hold 47%

April 25, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc down on Monday (WEF)

April 20, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc up on Wednesday (WEF)

April 11, 2023 | theglobeandmail.com

Closing Bell: Western Forest Products Inc up on Monday (WEF)

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/24/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/07/2023
Today: 12/06/2023
Next Earnings (Estimated): 2/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Lumber & Wood Production
Sub-Industry: N/A
Sector: Basic 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$0.98
High Stock Price Target: C$1.50
Low Stock Price Target: C$0.75
Potential Upside/Downside: +42.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 138.22
P/E Growth: 0.32
Net Income: C$-75,700,000.00
Net Margins: -7.13%
Pretax Margin: N/A
Return on Equity: -12.21%
Return on Assets: -6.20%

Debt

Debt-to-Equity Ratio: 14.39
Current Ratio: 3.05
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: C$1.06 billion
Price / Sales: 0.21
Cash Flow: C$0.07 per share
Price / Cash Flow: 10.18
Book Value: C$1.83 per share
Price / Book: 0.38

Miscellaneous

Outstanding Shares: 316,750,000
Free Float: N/A
Market Cap: C$218.56 million
Optionable: Not Optionable
Beta: 1.93

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Key Executives

Mr. J. Steven Hofer (Age 53)
President, CEO & Non-Independent Director
Comp: $1.11M
Mr. Stephen Williams
Executive VP & CFO
Mr. Bruce Lindsay Alexander
Senior Vice President of Sales, Marketing & Manufacturing
Ms. Jennifer Eileen Foster
Senior Vice President of Human Resources & Corporate Affairs
Ms. Alyce Harper
VP, General Counsel & Corporate Secretary
Babita Khunkhun
Senior Director of Communications
Mr. Glen Douglas Nontell
Vice President of Corporate Development
Mr. Morris Mandziuk
Treasurer

Key Competitors

View All Competitors

WEF Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Forest Products stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEF, but not buy additional shares or sell existing shares.
View WEF analyst ratings or view top-rated stocks.
What is Western Forest Products' stock price target for 2024?: 4 Wall Street research analysts have issued 12 month price objectives for Western Forest Products' shares. Their WEF share price targets range from C$0.75 to C$1.50. On average, they anticipate the company's share price to reach C$0.98 in the next year. This suggests a possible upside of 42.0% from the stock's current price.
View analysts price targets for WEF or view top-rated stocks among Wall Street analysts.
How have WEF shares performed in 2023?: Western Forest Products' stock was trading at C$1.16 at the beginning of 2023. Since then, WEF shares have decreased by 40.5% and is now trading at C$0.69.
View the best growth stocks for 2023 here.
When is Western Forest Products' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our WEF earnings forecast.
How were Western Forest Products' earnings last quarter?: Western Forest Products Inc. (TSE:WEF) released its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $231.10 million for the quarter. Western Forest Products had a negative trailing twelve-month return on equity of 12.21% and a negative net margin of 7.13%.

How often does Western Forest Products pay dividends? What is the dividend yield for Western Forest Products?: Western Forest Products announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be paid a dividend of 0.0125 per share on Friday, September 15th. This represents a $0.05 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for WEF.
Is Western Forest Products a good dividend stock?: Western Forest Products (TSE:WEF) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 6.67%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for WEF.
What other stocks do shareholders of Western Forest Products own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Western Forest Products investors own include AltaGas (ALA), Inter Pipeline (IPL), Canadian National Railway (CNR), Tourmaline Oil (TOU), Teck Resources (TECK.B), Canfor (CFP), Enbridge (ENB), ProMetic Life Sciences (PLI), Whitecap Resources (WCP) and Bombardier, Inc. Class B (BBD.B).
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.

This page (TSE:WEF) was last updated on 12/6/2023 by MarketBeat.com Staff

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

Western Forest Products MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Western Forest Products Stock (TSE:WEF)

WEF Stock Price History

WEF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

WEF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™