The mean price target for the shares of West Fraser Timber Co. Ltd. (TSE:WFT)is at $7.93 while the highest price target suggested by the analysts is $13.00 and low price target is $4.00. The mean price target is calculated keeping in view the consensus of 31 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.44B by 28 analysts. The means estimate of sales for the year ending Dec 16 is 5.98B by 32 analysts.
The average estimate of EPS for the current fiscal quarter for West Fraser Timber Co. Ltd. (TSE:WFT)stands at $-0.29 while the EPS for the current year is fixed at $-1.05 by 35.00 analysts
The next one year’s EPS estimate is set at -0.48 by 37.00 analysts while a year ago the analysts suggested the company’s EPS at $-1.05. The analysts also projected the company’s long-term growth at -33.37% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , West Fraser Timber Co. Ltd. (TSE:WFT)reported earnings of $-0.29. The posted earnings missed the analyst’s consensus by $-0.03 with the surprise factor of -11.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
West Fraser Timber Co. Ltd. (TSE:WFT) traded down -0.88% during trading on Friday, hitting $7.00 . The stock had a trading volume of 35.8 M shares. The firm has a 50 day moving average of $6.38 and a 200-day moving average of $7.25. The stock has a market cap of $6.05B. On Jun 17, 2015 the shares registered one year high at $14.09 and the one year low was seen on May 20, 2016.
West Fraser Timber Co. Ltd. (TSE:WFT) on June 8, 2016 announced amendments with respect to the previously announced offers (the “Tender Offers”) by Weatherford International Ltd., a Bermuda exempted company and indirect, wholly owned subsidiary of the Company (“Weatherford Bermuda”), and Weatherford International, LLC, a Delaware limited liability company and indirect, wholly owned subsidiary of the Company and indirect subsidiary of Weatherford Bermuda (“Weatherford Delaware” and, together with Weatherford Bermuda, the “Offerors”) to purchase for cash Weatherford Delaware’s 6.35% senior notes due 2017 (the “2017 Notes”) and Weatherford Bermuda’s 6.00% senior notes due 2018 (the “2018 Notes”), 9.625% senior notes due 2019 (the “2019 Notes”) and 5.125% senior notes due 2020 (the “2020 Notes” and, together with the 2017 Notes, 2018 Notes and 2019 Notes, the “Notes”) (as amended, the “Amended Tender Offers”).
The amendments provide for:
(i) an increase in the aggregate maximum purchase price (excluding accrued interest) of Notes the Offerors are offering to purchase from $1.1 billion (the “Initial Aggregate Maximum Purchase Price”) to $2.1 billion (the “Amended Aggregate Maximum Purchase Price”);
(ii) an increase in the consideration offered per $1,000 principal amount of the 2018 Notes, the 2019 Notes and 2020 Notes as shown in the table below (as increased, with respect to each series of Notes, the “Amended Tender Offer Consideration” or the “Amended Total Consideration”);
(iii) an elimination of the $250.0 million cap on the aggregate principal amount of 2019 Notes Weatherford Bermuda is offering to purchase;
(iv) an increase in the aggregate principal amount of 2020 Notes Weatherford Bermuda is offering to purchase from $100.0 million to $275.0 million (as increased, the “Amended 2020 Tender Cap”);
(v) an extension of the period during which validly tendered (and not validly withdrawn) Notes are eligible to receive the Early Tender Premium described below from 5:00 p.m., New York City time, on June 14, 2016 to 5:00 p.m., New York City time, on June 16, 2016 (such date and time, as it may be extended, the “Early Tender Date”);
(vi) an extension of the period during which tendered Notes may be withdrawn from the Amended Tender Offers from 5:00 p.m., New York City time, on June 14, 2016 to 5:00 p.m., New York City time, on June 16, 2016 (such date and time, as it may be extended, the “Withdrawal Deadline”); and
(vii) an extension of the expiration date of the Amended Tender Offers from 12:00 midnight, New York City time, at the end of the day on June 28, 2016 to 12:00 midnight, New York City time, at the end of the day on June 30, 2016 (the “Expiration Date”).
Additionally, since the financing condition to which the Tender Offers were previously subject has been satisfied, the Offerors announced that the increase in the Amended Aggregate Maximum Purchase Price, the removal of the cap on the 2019 Notes and the Amended 2020 Tender Cap are now conditioned upon Weatherford Bermuda having closed by the Early Settlement Date an offering of senior notes, in one or more tranches and with terms and conditions satisfactory to Weatherford Bermuda (the “Senior Notes Offering”), that provide gross proceeds of at least U.S.$1.0 billion (the “Amended Financing Condition”).
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