Western Forest Products (WEF) Scheduled to Post Earnings on Wednesday

Western Forest Products (TSE:WEF) is set to issue its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C($0.01) per share for the quarter.

Western Forest Products Trading Up 2.0 %

Shares of Western Forest Products stock opened at C$0.50 on Tuesday. Western Forest Products has a 1 year low of C$0.41 and a 1 year high of C$0.81. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. The firm has a market cap of C$158.38 million, a PE ratio of -3.57, a PEG ratio of 0.32 and a beta of 1.81. The company has a 50 day simple moving average of C$0.49 and a two-hundred day simple moving average of C$0.48.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada lowered their price objective on Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th. TD Securities reduced their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday, July 23rd. Finally, CIBC reduced their price objective on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th.

About Western Forest Products

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.