TSE:WEF

Western Forest Products - WEF Stock Forecast, Price & News

C$1.38

-0.02 (-1.43%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: C$1.36
▼
C$1.41
50-Day Range: C$1.10
▼
C$1.42
52-Week Range: C$1.03
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C$2.29

Volume: 124,563 shs
Average Volume: 448,352 shs
Market Capitalization: C$437.11 million

P/E Ratio: 4.06
Dividend Yield: 3.70%
Price Target: C$1.83

Western Forest Products MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 32.6% Upside
C$1.83 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.17
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
C$111,354 Bought Last Quarter
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.

2.81 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Western Forest Products has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$1.83, Western Forest Products has a forecasted upside of 32.6% from its current price of C$1.38.
Amount of Analyst Coverage
Western Forest Products has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Western Forest Products is a leading dividend payer. It pays a dividend yield of 3.70%, 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.
Dividend Coverage
The dividend payout ratio of Western Forest Products is 13.24%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

2.3

News and Social Media Coverage

News Sentiment
Western Forest Products has a news sentiment score of 0.17. 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 lower news sentiment than the 0.27 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Western Forest Products this week, compared to 0 articles on an average week.
MarketBeat Follows
6 people have added Western Forest Products to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Forest Products insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$111,354.00 in company stock and sold C$0.00 in company stock.

3.1

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Western Forest Products is 4.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Forest Products is 4.06, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 484.74.
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 0.65. 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 (TSE:WEF) Stock

Western Forest Products Inc. engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber purchasing and wholesaling businesses. Its products have applications in outdoor living; exterior appearance; interior living; and structural applications. The company sells its products in Canada, the United States, China, Japan, Europe, and internationally. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

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WEF Stock News Headlines

February 3, 2023 | americanbankingnews.com

Raymond James Analysts Reduce Earnings Estimates for Western Forest Products Inc. (TSE:WEF)

January 31, 2023 | americanbankingnews.com

Brokers Offer Predictions for Western Forest Products Inc.'s Q1 2023 Earnings (TSE:WEF)

February 5, 2023 | Wall Street Watch Dogs (Ad)

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January 26, 2023 | finance.yahoo.com

Working Group to Explore Solutions for Western’s Alberni-Pacific Division

December 30, 2022 | finance.yahoo.com

Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2022 Results and Conference Call Details

September 6, 2022 | theglobeandmail.com

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

August 9, 2022 | finance.yahoo.com

Western Forest Products (TSE:WEF) Will Pay A Dividend Of CA$0.0125

August 3, 2022 | finance.yahoo.com

Western Forest Products Inc. Announces Renewal of 10% Normal Course Issuer Bid

February 5, 2023 | Investor Place Media (Ad)

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August 3, 2022 | finance.yahoo.com

Western Forest Products Inc. Announces Renewal of 10% Normal Course Issuer Bid

July 28, 2022 | finance.yahoo.com

Western Forest Products Appoints Steven Hofer as President & CEO

July 27, 2022 | finance.yahoo.com

Western Forest Products (TSE:WEF) investors are sitting on a loss of 31% if they invested five years ago

July 19, 2022 | finance.yahoo.com

Western Forest Products Inc. Announces Acquisition of Calvert Company To Support Mass Timber Growth Initiatives in North America

July 7, 2022 | uk.finance.yahoo.com

Why Western Forest Products could be well placed to recover from volatility

June 30, 2022 | nz.finance.yahoo.com

Western Forest Products Inc. Announces Release Date of Second Quarter 2022 Results and Conference Call Details

June 30, 2022 | finance.yahoo.com

Western Forest Products Inc. Announces Release Date of Second Quarter 2022 Results and Conference Call Details

June 22, 2022 | uk.finance.yahoo.com

Could quality and value be the key for shares in Western Forest Products?

March 1, 2022 | finance.yahoo.com

Western Forest Products Inc. Announces Appointment of New Director

February 20, 2022 | finance.yahoo.com

Earnings Beat: Western Forest Products Inc. (TSE:WEF) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts

February 17, 2022 | finance.yahoo.com

Western Announces Fourth Quarter 2021 Results

February 17, 2022 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of First Quarter 2022 Dividend

February 15, 2022 | finance.yahoo.com

Investors in Western Forest Products (TSE:WEF) have made a respectable return of 41% over the past year

February 1, 2022 | ca.finance.yahoo.com

Western Forest Products searching for new CEO with retirement of Don Demens

November 3, 2021 | finance.yahoo.com

Western Announces Third Quarter 2021 Results

November 3, 2021 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of Fourth Quarter 2021 Dividend

November 2, 2021 | finance.yahoo.com

Western Provides Initial Response to B.C. Provincial Government's Old Growth Review Update

October 27, 2021 | finance.yahoo.com

Western Forest Products Inc. Confirms Record Date of Third Quarter 2016 Dividend

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30 days | 90 days | 365 days | Advanced Chart

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WEF Company Calendar

Ex-Dividend for 12/16 Dividend: 11/24/2022
Dividend Payable: 12/16/2022
Today: 2/04/2023
Next Earnings (Estimated): 2/15/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Lumber, Wood Production
Sub-Industry: N/A
Sector: Industrials
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 Forecast: C$1.83
High Stock Price Forecast: C$3.25
Low Stock Price Forecast: C$1.25
Forecasted Upside/Downside: +32.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4.06
Forward P/E Ratio: 8.55
P/E Growth: 0.32
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 3.22
Current Ratio: 2.56
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: C$1.48 billion
Price / Sales: 0.30
Cash Flow: C$0.14 per share
Price / Cash Flow: 10.18
Book Value: C$2.12 per share
Price / Book: 0.65

Miscellaneous

Outstanding Shares: 316,743,000
Free Float: N/A
Market Cap: C$437.11 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Stephen Williams
Exec. VP & CFO

Mr. Bruce Lindsay Alexander
Sr. VP of Sales, Marketing & Manufacturing

Ms. Jennifer Eileen Foster
Sr. VP of HR & Corp. Affairs

Mr. Donald Eugene Demens (Age 61)
Advisor
Comp: $2.84M

Ms. Shannon Janzen
VP of Partnerships & Sustainability and Chief Forester

Mr. J. Steven Hofer (Age 53)
Pres, CEO & Director

Ms. Alyce Harper
VP, Gen. Counsel & Corp. Sec.

Babita Khunkhun
Sr. Director of Communications

Mr. Glen Douglas Nontell
VP of Corp. Devel.

Mr. Morris Mandziuk
Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

John Patrick Williamson
Bought 100,000 shares on 11/18/2022
Total: C$111,354.00 ($1.11/share)

View All Insider Transactions

WEF Stock - Frequently Asked Questions

Should I buy or sell Western Forest Products stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last year. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WEF shares.
View WEF analyst ratings or view top-rated stocks.
What is Western Forest Products' stock price forecast for 2023?: 4 brokers have issued 12-month target prices for Western Forest Products' stock. Their WEF share price forecasts range from C$1.25 to C$3.25. On average, they anticipate the company's share price to reach C$1.83 in the next twelve months. This suggests a possible upside of 32.6% 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 stock has increased by 19.0% and is now trading at C$1.38.
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 Wednesday, February 15th 2023.
View our WEF earnings forecast.
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, November 24th. Investors of record on Friday, December 16th will be paid a dividend of 0.0125 per share on Friday, December 16th. This represents a $0.05 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, November 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 3.70%. The dividend payout ratio is 13.24%. This payout ratio is at a healthy, sustainable level, below 75%.
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).
What is Western Forest Products' stock symbol?: Western Forest Products trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WEF."
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 is Western Forest Products' stock price today?: One share of WEF stock can currently be purchased for approximately C$1.38.
How much money does Western Forest Products make?: Western Forest Products (TSE:WEF) has a market capitalization of C$437.11 million and generates C$1.48 billion in revenue each year.
How many employees does Western Forest Products have?: The company employs 2,051 workers across the globe.
How can I contact Western Forest Products?: Western Forest Products' mailing address is Suite 510 - 700 West Georgia Street TD Tower, P.O. Box 10032, VANCOUVER, BC V6E 3P3, Canada. The official website for the company is www.westernforest.com. The company can be reached via phone at +1-604-6484500.

This page (TSE:WEF) was last updated on 2/5/2023 by MarketBeat.com Staff

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Western Forest Products - WEF Stock Forecast, Price & News

Western Forest Products MarketRank™ Forecast

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

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Western Forest Products (TSE:WEF) Stock

WEF Stock News Headlines

WEF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

WEF Stock - Frequently Asked Questions

Overall MarketRank^™