RE:explaining the current WCP priceNice back peddling.. but, you just proved my point AGAIN.. unfortunenately that's the average of all the companies in the industry and cannot be applied individually to all companies equally.. what you just described that would still only dictate the "STOCK PRICE" not the $$ invested to obtain X earnings/share WINDGOD46 wrote: The current P/ E ratio of the oil industry is 17. The current earnings for the year for WCP per share is 33 cents, according to the Wall Street Journal. The current price of the stock according to this metric should be the industry P/Eratio 17x .33 cents= $5,65 The stock is trading at $ 5.40 today. If however the earnings per share per year go up, say 50 cents, then the forward price of the stock will be 17x 50= 8.5 dollars a share in 12 months time. These estimates are approximations and are subject to change depending on the price of oil and other factors.