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Resolute Forest Products Inc (RFP) Stock Price Down 12.9% on Disappointing Earnings

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26 May, 2017

Shares of Western Forest Products Inc (TSE:WEF) traded up 0.93% during trading on Thursday, hitting $2.18. Group One Trading L.P. now owns 24,382 shares of the basic materials company's stock valued at $130,000 after buying an additional 25,144 shares in the last quarter.

Resolute Forest Products Inc. has a 50 day moving average of 5.28 and a 200 day moving average of 4.91.

Western Forest Products Inc is a softwood forest products company, operating in the coastal region of British Columbia. The company's revenue for the quarter was down.6% on a year-over-year basis. The company has market cap of $403.88 million.

Several research analysts have weighed in on the stock. Resolute Forest Products Inc (NYSE:RFP) has declined 21.24% since May 25, 2016 and is downtrending. More interesting news about Resolute Forest Products Inc (NYSE:RFP) were released by: Bnn.ca and their article: "Resolute Forest says USA tariffs behind move to lay off 1282 employees" published on May 16, 2017 as well as Seekingalpha.com's news article titled: "Resolute Forest Products Continues Its Turnaround Efforts" with publication date: May 08, 2017. The stock of Resolute Forest Products Inc (NYSE:RFP) has "Sector Perform" rating given on Monday, April 25 by RBC Capital Markets. During the same quarter previous year, the firm earned ($0.20) earnings per share. If you are reading this news story on another site, it was stolen and republished in violation of USA and global copyright & trademark laws. Jane Street Group LLC now owns 18,400 shares of the basic materials company's stock valued at $100,000 after buying an additional 5,872 shares in the last quarter. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Forest Products Inc. with MarketBeat.com's FREE daily email newsletter. Finally, Raymond James Financial, Inc. reissued an "outperform" rating and issued a C$2.50 price objective on shares of Western Forest Products in a research note on Friday, February 17th. Royal Bank of Canada reaffirmed a "hold" rating and set a $5.00 price target on shares of Resolute Forest Products in a research note on Tuesday.

05/12/2015 - Resolute Forest Products Inc. was downgraded to "strong sell" by analysts at Zacks. Tudor Investment Corp Et Al raised its position in shares of Resolute Forest Products by 3.3% in the fourth quarter. Resolute Forest Products Inc. has a 52-week low of 3.70 and a 52-week high of 6.75. Tudor Investment Corp ET AL raised its position in shares of Resolute Forest Products by 14.9% in the first quarter. Institutional investors own 88.65% of the company's stock. It offers a range of forest products, including market pulp, tissue, wood products, newsprint and specialty papers. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada.


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