Deep dive · NYSE: KOS
Kosmos Energy Ltd. stock analysis
Everything behind the call on Kosmos Energy Ltd. 6 sections, ordered the way risk stacks up: survival first, quality and price in the middle, context last. The Beacon gives you the read. This is where you check the work.
The five reads
Why the reads disagreeread this before the sections
0 factors lean up and 2 lean down and one side is clearly ahead. The net lands at -7 over 30d, a moderate reading on a dispersion of 0.00, which makes this a question of size rather than of direction.
Leans down · and why
quality / value, earnings vote down. 4 of 4 families lean the other way.
What it changes
Size, not direction. dealers are long gamma, so their hedging absorbs moves rather than amplifying them; separately, the tail model puts a very bad day at −18.9%; and the binding position cap is 1.6% — the tail cap is the one that binds.
Global tapeOverseas lean+0.36%
FrankfurtKOS1+1.74%⏱LondonKOS-2.28%⏱MéxicoKOS*+1.60%⏱
Where else this company trades. A closed venue shows its last close, marked ⏱ — not a live price. Overseas lean is the average move across the 3 overseas venues listed above with a quote, excluding the home listing — a read on overnight sentiment rather than a signal.
The bottom linestart hereAs of 2026-11-06
Wall Street rating
Hold
+48% to the average target
46% buy · 31% hold · 23% sell
mean target $3.12
mean target $3.12
Chart pattern
Below both averages
The 50-day sits above the 200-day
50-day $2.71 · -22.1%
200-day $2.55 · -17.1%
200-day $2.55 · -17.1%
Earnings
In 113 days
1 Mar 2027 · options imply ±9.1%
beat ≤2 of the last 8
cohort P(beat) 39% · n=21,200
cohort P(beat) 39% · n=21,200
Valuation
6.4× forward
Against consensus earnings
5yr median 12×
FCF yield -14.36%
FCF yield -14.36%
Dividend
0.00%
A rounding error against cash — this is a capital-gains position
Risk flags
4 critical
5 checks run, 0 clear
beta -0.92 · vol 79% ann.
worst drawdown -43%
worst drawdown -43%
New to this? Every metric carries a plain-English read beside it, and an ⓘ next to a label opens the definition. Anything unfamiliar is also defined at the foot of the page under Glossary.
In one paragraphwhat the company actually does158 chars
Kosmos Energy Ltd., a deepwater exploration and production company, engages in the exploration, development, and production of oil and natural gas properties.
NYSE · USDOil & Gas Exploration & Production
$2.11-0.09 · -4.09%CLOSED · vol 15.49M
52-week range↑ 151% off low · ↓ 36.8% off high
$0.84now $2.11$3.34
Quote Nov 6, 2026 · 4:00 PM ET
Tape 2026-11-06
Factors 2026-11-06
Tape 2026-11-06
Factors 2026-11-06
01Ratios · Aug 3, 2026SOLVENCY IN QUESTION
Survival & solvency
Altman-Z of -0.4 against a 3.0 safe threshold, and 0 of 5 forensic checks clear.
↳ Plain EnglishBefore anything else: can this company pay its bills? These blocks check the balance sheet, whether your slice of ownership is being diluted, and whether the accounting looks honest.
Bankruptcy risk (Altman-Z)
-0.39DISTRESS ZONE
Distress<1.8
Grey1.8–3.0
Safe>3.0
Profitability, leverage and liquidity combined into one number. Above 3.0 is the safe band.
Balance sheetAug 3, 2026
Distance to default (Merton)STRESSED
1.7σ
How many standard deviations of asset value sit between the company and its debt. Above 4σ is comfortable.
1-year default probabilityEDF-CALIBRATED
1.88%
Calibrated against how often companies at this distance actually defaulted, rather than assuming a normal distribution.
Piotroski F-scoreCRITICAL
F 2/9
Piotroski F-score 2 of 9. Nine pass/fail tests covering profitability, leverage and operating efficiency; seven or more is strong.
Solvency and liquidity ratios
Current ratioshort-term assets against short-term bills0.75×healthy >2
Debt / equityborrowings against shareholder capital5.78
Leverage · long-term debt / total assetsthe share of everything the company owns that long-term borrowing funds0.65
Net debtborrowings in excess of cash on hand$2.96B
Free cash flow · TTMcash left after running and reinvesting in the business$-69.75M
Your ownership stake
Share-count growth vs peersHIGH DILUTION
62nd pctile
Where this name's share-count growth ranks among peers. Lower is less dilutive.
Net buyback yieldSHRINKING
17.11%
Buybacks less new issuance, as a share of market value.
Buyback yieldGROSS
17.11%
Repurchases as a share of market value, before new issuance is netted off.
Stock-based comp / revenueIN LINE
2.2%
Stock comp is the dilution pressure a buyback has to outrun. We read up to 5% of revenue as modest and above 12% as heavy — our own reading band, not a measured peer statistic.
SBC / operating cash flowFLAT
21%
How much of the cash the business generates is being handed to employees as stock. The higher it runs, the more of a buyback is just offsetting it.
Diluted vs basic share gapTHIN OVERHANG
0.00%
Options and awards already granted, expressed as the gap between the diluted and basic counts.
Accounting forensicsSEC filings
Red-flag x-rayGRADE F
10 / 100
4 critical · 1 watch · 0 clear of 5 scored tests
Red-flag x-ray · every check, passes included
CheckStatusValueWhat it looks for
Bankruptcy distressCRITICALZ -0.39Altman-Z in the Distress · fundamentals
Earnings manipulationCRITICALM 1.13M-score elevated · fundamentals
LeverageCRITICALLTD/E 5.53long-term debt 5.53× equity · fundamentals
Profitability qualityCRITICALF 2/9Piotroski F-score 2 of 9 · fundamentals
Filing forensicsWATCH1 flag1 filing red flag on the latest 10-K · forensic
5 checks, 1 watch and 4 critical. The passes are shown because a score built from five checks means something different from one built from three.
02Refreshed · Nov 8, 2026POOR · 3/100
Business quality
-54% net margin, -132% return on equity, -23% revenue growth, and capital earning -6% against a 5% cost.
↳ Plain EnglishMargins tell you how much of each sales dollar the company keeps. Return on capital tells you whether reinvesting that money creates value. Both are read against what the filings support, not against a target.
Quality score
3 / 100POOR
Profitability, growth and balance strength scored separately, then blended.
ProfitabilityRefreshed · Nov 8, 2026
Net marginOF EVERY SALES DOLLAR
-54.3%
The share of revenue that survives every cost and becomes profit.
Gross marginPRICING POWER
1.8%
What is left of a sales dollar before overhead — the clearest read on pricing power.
Operating marginAFTER RUNNING COSTS
-21.0%
What survives the cost of running the whole business.
Return on equityPER $1 OF EQUITY
-132.4%
Annual return on each dollar of shareholder equity.
ROIC − WACC spreadDESTROYS VALUE
-11.2pp
Earns -6% on invested capital that costs about 5%. A positive spread means every retained dollar compounds rather than leaks.
Incremental ROIC (3y)ON NEW CAPITAL
-145.2%
The return on capital put to work over the last three years — a sharper read than the trailing average, because it prices the newest decisions.
Growth & relative strength
Trailing return by period
1 month-21.6%
3 months-15.9%
6 months-23.3%
Year to date+131.9%
1 year+54.0%
Revenue growth (YoY)SHRINKING
-23.1%
Revenue against the same period a year ago.
EPS growth (YoY)IN LINE
-467.5%
Earnings per share against a year ago. Running ahead of revenue means margins are widening.
12-1 momentumEX LAST MONTH
+96.4%
Return over the last year excluding the most recent month — the standard momentum factor, which drops the short-term reversal.
Relative-strength rankBOTTOM 38%
38 / 100
Where this name's 3-month return against the S&P 500 ranks across the market — a quarter's standing, not the year's.
Around earningsNov 2, 2026
P(beat next quarter)COHORT BASE RATE
39%
survivor-tilted universe (currently-listed names; large-cap-skewed coverage)
Beat rate · this nameBEAT ≤2 OF THE LAST 8
1 of 8
Its own record against consensus. 8 prints is a small sample, which is why the cohort rate above carries the probability.
Fell after a beatP(FELL | BEAT)
62%
A beat is not a plan: this share of them still closed lower on the day.
Rose after a missP(ROSE | MISS)
30%
The mirror of the line above, over its own denominator.
Typical earnings moveMEDIAN ABSOLUTE
±4.8%
Unsigned magnitudes from its own prints. Direction is not part of this read.
Reaction: beat vs missASYMMETRIC
+0.1% / -2.1%
The average day-one move after a beat and after a miss. A miss dropping the stock further than a beat lifts it is the asymmetry worth sizing for.
Dividends & income
Data unavailableThis company does not pay a dividend. There is no yield, payout ratio or ex-dividend date to show, and the return case rests entirely on capital gains.
Signal
Not an income position.
No dividend is declared, so nothing here contributes to total return except the price. That is a fact about the security, not a criticism of it.
Inventory ledger
Data unavailableNo inventory detail is tagged in this company's filings. The ledger needs the XBRL inventory components, which a business without physical goods does not report.
Segments & geography
Data unavailableRevenue by segment and region is not on file for this name, so product and geographic concentration are not shown.
Pattern reliability · platform-wide cohortSnapshot · Nov 6, 2026
Downtrend · leans bearish
HorizonHigherMedianObservations
10d47%0.0%1,308,676
21d47%0.0%613,759
63d47%-0.9%195,225
slope -0.10 over 40 bars
Three black crows · leans bearish
HorizonHigherMedianObservations
10d50%0.0%323,402
21d50%0.0%152,192
63d49%-0.3%48,325
three falling red bars
Head and shoulders · leans bearish
HorizonHigherMedianObservations
10d49%0.0%518,305
21d50%0.0%243,845
63d51%+0.2%77,142
head above two ≈-equal shoulders — bearish reversal
Symmetrical triangle
HorizonHigherMedianObservations
10d46%-0.3%311,898
21d46%-0.7%147,151
63d46%-1.9%46,551
converging highs & lows — breakout pending
036.4× FORWARD
Price & timing
Price $2.11, 6.4× forward earnings, RSI 32, and dealers long gamma.
↳ Plain EnglishA multiple is what the market charges for a dollar of this company's earnings, cash or revenue; the trend and the options tape say what the price is doing around it. Together they are the timing picture, not the quality one.
Trend
Below every average0 OF 3 AVERAGES
50-day $2.71 · 200-day $2.55. Price above both is the structural definition of an uptrend.
The setup right now
Price · 504 sessions2024-11-04 → 2026-11-06
price50-day200-daylevel
How to read this
Down 4.09% on the session.
Follow the solid line: each point is a session close. Compare it to the 50-day average — while price stays above it the short-term trend is up, and a drop below is the first structural warning.
The dashed levels are the strikes the options chain is most committed to. They are the same numbers the gamma block states; nothing here is drawn that no section derives.
Momentum (RSI-14)COOL
32
030 oversold70 hot100
Where momentum sits on a 0–100 scale. Above 70 is overbought, below 30 oversold; the middle says the move has room either way.
Typical day (ATR-14)±9.6%
$0.20
The average true range — how far this stock moves on an ordinary day. It sets the scale a stop has to clear.
MACDBELOW SIGNAL
-0.07
The short-term trend against its own signal line. The sign is the read; the size is not a target.
Bollinger position0% OF RANGE
Lower band
Where price sits inside its own volatility band. The edges are where a move is stretched, not where it reverses.
20-day VWAPPRICE BELOW
$2.62
The volume-weighted average of the last month. Price above it means recent buyers are, on average, in profit.
Chandelier exitBROKEN
$2.34
A volatility-based trailing stop, set a few average ranges below the recent high.
1 Mar 2027 · in 113 daysNext earningsThe next scheduled catalyst. The forward guide usually moves the tape more than the printed number.
2026-11-10 · in 2 daysInflation (CPI)A scheduled macro release. It moves this stock independently of anything the company does.
Setup & oddsNightly
Direction oddsnext 12m
50 / 50cohort n=12,270
Effectively a coin flip. A split this close is not an edge you can size on, whichever side is nominally ahead. These are the cohort's odds — comparable names over the window — not this stock's own history.
Pullback riskoverstretch read
Elevated1.20× segment rate · n=1,103
Historically, mid names in this tape state saw a ≥10% pullback within 63 trading days in 95% of cases (n=1,103).
Overstretchvs the 20-day mean
-2.5σ
How many standard deviations price sits from its 20-day mean. Beyond 2σ is genuinely stretched; inside it is ordinary.
Bottom zoneif it breaks down
$2 – $22 supports
Where prior demand appeared: S1 at $2.06, Pivot low at $2.00.
Slide scorefalling-knife check
100 / 100Falling knife
A composite of consecutive down days, gap risk and volume expansion. Low means any decline is orderly.
Signal
The odds are a coin flip.
Historically, names tripping 1 validated red flag finished lower 12 months later in 50% of cases (n=12,270) — a survivor-biased floor, not a forecast.
Valuation
Net cash per shareNET DEBT
$-5.67
Cash less every borrowing, per share. It is the part of the price that is not a claim on future profits.
Multiples
Forward P/Eearnings expected over the next 12 months6.4×5yr median 12×
Trailing P/EThe company lost money over the trailing year, so there are no earnings for the price to be a multiple of.Not meaningful
Price / salesprice against revenue, before any of it becomes profit1.0×5yr median 1.3×
Price / bookprice against the accounting value of the assets2.4×
EV / EBITDAthe multiple an acquirer would pay23.9×
FCF yieldfree cash flow per dollar of market value-14.36%
2 of the 5 priced multiples above sit in the richer half of its band. 1 is marked not meaningful because the figure it divides into is negative — shown as absent rather than as a low, cheap-looking number. Each priced multiple is read against this stock's own history where a five-year range is on file, so the question is whether today is dear for this name rather than for the market. The multiples are computed separately from the quote above and are not re-priced as it moves, so they can lag it.
Price horizon & timingNov 6, 2026
Entryzone of pivot low + S1
$2.10In zone
Where the composer's entry sits, on its own stated basis.
TargetSma 50 + vwap 50
$2.70$3–$3
A zone, not a price. It is where the composer expects supply, not a forecast.
Stop2× ATR below entry
$1.76risk $0.34/sh
The level that says the setup is wrong, on the basis named beside it.
Risk / rewardtarget vs stop
1.78:1
Reward against risk on the composer's own levels.
Measure from a price$
To the 50-day
+28.3%
short-term trend line · $2.71
To the 200-day
+20.7%
primary trend line · $2.55
To the put wall
+18.5%
heaviest put open interest · $2.50
To the call wall
+42.2%
heaviest call open interest · $3.00
To the composer's target
+28.0%
Sma 50 + vwap 50 · set Nov 6, 2026 · $2.70
To the composer's stop
-16.5%
2× ATR below entry · set Nov 6, 2026 · $1.76
To the 52-week high
+58.3%
highest print of the past year · $3.34
To the 52-week low
-60.2%
lowest print of the past year · $0.84
Options-implied week ±9.1%
$1.92 – $2.30
what the chain prices for the week
A typical day (ATR)
$1.91 – $2.31
±$0.20 average true range
Type any price to re-measure every distance from it. Each row is a level this page already states somewhere else, so nothing here is a new number — and none of it is a recommendation to trade at that price.
Signal
The levels line up.
Entry $2.10 · stop $1.76 · target $2.70, a 1.78:1 ratio.
Gamma mapChain · Nov 8, 2026
Signal
Long gamma — moves get absorbed.
Dealers hedge against the move, which damps volatility around the current strikes. It makes the tape quieter without saying anything about which way it goes.
Options tapeFront expiry 2026-11-20 · Chain · Nov 8, 2026
Max pain+18.5%
$2.50
The strike where most open options expire worthless. Price often drifts toward it into expiry.
Put / call ratio (OI)CALL-HEAVY
0.39
72% calls
28% puts
Open interest in puts against calls. Heavy call interest often caps how far price can run before expiry.
Put / call ratio (volume)TODAY'S FLOW
0.39
Today's traded flow rather than the standing position. It moves faster and means less.
Expected move (1-week)≈ $0.19
±9.1%
What the chain prices for the week. A range the market is charging for, not a forecast.
Largest open interest · front expiry
StrikeTypeOpen interest
$3.00CALL12,405
$2.50PUT5,044
$2.00CALL999
$2.50CALL966
$3.00PUT675
$3.50CALL385
Large call interest above the price acts as a magnet and a ceiling; large put interest below is a floor of hedges. The biggest strike is the level the market is most committed to defending into the next expiry.
Open interest by strikeexpires 2026-11-20CallsPutsMax pain $2.50
0
$5.50
15
$5.00
00
$4.50
026
$4.00
0385
$3.50
712k
$3.00
675966
$2.50
5k999
$2.00
710
$1.50
01
$0.50
0
The shaded row is the strike nearest the price. Heavy call interest above acts as a ceiling; heavy put interest below is a floor of hedges.
↑ 52-week high$3.34+58.3%The highest print of the past year.Old highs draw profit-taking on the first attempt.
↑ Call wall$3.00+42.2%Heaviest call open interest on the front expiry.Acts as a ceiling into expiry; a close above usually needs a catalyst.
◇ Max pain$2.50+18.5%Where most open options expire worthless.Price often drifts toward it into the close of the expiry week.
↓ 50-day average$2.71+28.3%The line the short-term trend is measured against.A close beneath it is the first structural warning.
↓ Put wall$2.50+18.5%Heaviest put open interest — a floor of hedges.Dealer buying tends to build as price approaches.
0413F quarterly · Form 4 dailyNET SIGNAL -7
Ownership & flow
Institutions hold 77%, short interest is 5.99% of float, and 6 analysts average $3.12.
↳ Plain EnglishWho is buying and selling, and what they had to disclose. Institutions file 13F 45 days after quarter end, executives file Form 4 within two days, and Congress discloses under the STOCK Act with a 30–45 day legal lag. Every one of those is a look backwards.
Net signal
-7MODERATE · 30d
0 bull / 2 bear factors. The points sum to the net beside the label; nothing here is weighted after the fact.
The QTick signalNightly
Earnings4 QUARTERS · TIMING
-3
latest EPS missed by 56%
Quality / valueTTM · CONTEXT
-4
weak Piotroski F-score (2/9)
Signal
0 bull / 2 bear factors
Independent factors scored and netted to -7 over 30d, a moderate reading. 2 of 9 factors carried a direction; the others scored zero and do not vote. The signal describes where the data leans, not what to do about it.
Cross-category readNov 8, 2026
Signal
4 of 4 families lean down.
Descriptive only — a decorrelated read of where the evidence agrees and conflicts, not a forecast and not advice. Patterns are condition lists, not outcome predictions, and are not yet validated to the proof bar. Dispersion of 0.00 means the disagreement is real but not a split decision.
Wall Street6 covering firms
Consensus rating6 ANALYSTS
Hold
46% buy · 31% hold · 23% sell, as a share of the 6 covering firms.
Mean price target+48%
$3.12
$2now $2$6
A $1.70–$5.60 spread across the panel. A twelve-month view, and a wide spread means real disagreement rather than a consensus.
Forward EPS estimateCONSENSUS
$0.32
What the panel expects the company to earn per share.
Who owns it13F quarterly · Form 4 daily
Institutional ownershipINSTITUTIONALLY HELD
76.6%
The share held by 13F filers. It describes last quarter's positioning, not today's — filings land up to 45 days after quarter end.
Insider ownershipOFFICERS & DIRECTORS
2.3%
The share held by the people running the company.
Short interest (float)LIGHT
5.99%
Rising — shares short changed +20.5% over 30 days. A crowded short is fuel in both directions.
Free float96% OF SHARES
571.29M
Shares actually available to trade, excluding insider and restricted holdings.
Dollar volume (ADV)75th PCTILE
$28.73M/day
Average dollars traded per day, and where that ranks cross-sectionally. Thin liquidity is a cost you pay on the way out, not just on the way in.
Borrow feeData unavailableWe do not license securities-lending data, so the annualized cost of borrowing shares to short is not something we can show. Short interest and days-to-cover above are the closest read we can source.
The story · news & sentimentRolling window
Why it moved todayNEWS
-4.09%
KOS fell −4.09% since the last close, amid recent coverage: “One fund manager reports sole voting power over 29.4 million Kosmos Energy (KOS) shares. - Stock Titan” (Stock Titan).
News tone · 7-day—
42 / 100
Headline polarity over the window, scored from news articles. Above 60 leans positive, below 40 negative. Colour, not a signal.
Newswire · 48 stories
WhenHeadlineSourceTone
SatKosmos Energy Stock: Value Still There, Though Pressure Issues Persist (NYSE:KOS) - Seeking AlphaSeeking Alphanot scored
FriOne fund manager reports sole voting power over 29.4 million Kosmos Energy (KOS) shares. - Stock TitanStock Titannot scored
ThuKosmos Energy Ltd. stock outperforms market despite losses on the day - MarketWatchMarketWatchnot scored
ThuKosmos Energy: Speculate To Accumulate (NYSE:KOS) - Seeking AlphaSeeking Alphanot scored
ThuEarnings Beat Could Reshape The Case For Kosmos Energy Stock - Simply Wall StSimply Wall Stnot scored
WedKosmos Energy Ltd (KOS) (Q3 2026) Earnings Call Highlights: Production Surges 14%, EBITDAX ... - Yahoo FinanceYahoo Financenot scored
WedKosmos Energy (KOS) Stock Rallies As Q3 Results Sharpen Debt Focus - Simply Wall StSimply Wall Stnot scored
TueKosmos Energy Ltd. Stock 12‑Month Price Target Cut to $3.24, Implies 31% Upside - TradingViewTradingViewnot scored
Coverage published around the move, newest first. Nothing here measures causation — only the why-it-moved card above is matched to the tape by timestamp.
CongressSTOCK Act · 30–45d lag
Signal
Evenly split.
1 of 2 disclosures are buys and 1 is a sale. Lawmakers disclose on a 30–45 day legal lag, so this describes what was done weeks ago, not what is being done now.
0517 graded callsHIGH VOLATILITY
Risk & track record
Beta -0.92, 79% annual volatility, a -43% worst drawdown, and 3 of 8 risk surfaces clear.
↳ Plain EnglishWhat owning it does to a portfolio, what the model votes against, and how often our own calls have been right. Every call is graded when it resolves, and the ones still open stay visible.
A very bad day (EVT)
−18.9%1-IN-200 DAY
Fitted to the tail of the return distribution rather than assuming a bell curve. Size the position so a day like this is survivable.
What it does to a portfolio5-year window
Beyond the tail (ES)1-IN-1,000 DAY
−35.0%
The average loss on a 1-in-1,000 day or worse — deeper in the tail than the 1-in-200 figure above and further than the measured history reaches, so it reads as the scale of a crash, not a forecast of one.
Tail understatementNEAR-NORMAL
1.5×
A normal-curve estimate understates this name's worst days by about 1.5×, so volatility alone is the wrong risk measure for it.
Max drawdownWORST FALL
-43.1%
The deepest peak-to-trough fall in the measured window. Only hold a position you can watch do this.
Beta (vs the market)LOW FIT
-0.92
The market explains about 2.0% of its daily moves, so this beta says little about how it tracks the index — most of its movement is its own.
Annualized volatilityELEVATED
79%
How far it swings over a year, from its own realized returns.
Tactical phaseNIGHTLY READ
Falling knife
Selling pressure65
Buying pressure0
Overheat0
State: falling_knife — Still breaking lower without consolidation — a fresh swing-low printed and no basing pattern has formed yet.
What votes againstNightly
HighQuality / valueweak Piotroski F-score (2/9)TTM · -4
HighEarningslatest EPS missed by 56%4 quarters · -3
Signal
2 of 9 factors vote against.
Ranked by the size of each factor's own point contribution to the net signal — these are the model's stated reasons, not a written bear case. Each one is scored from the source named beside it.
Failure modes · by company type
Data unavailableFailure modes are routed per company type, and only the bank-run and crypto-treasury rulebooks are validated so far. This name routes as unknown, so there is no cohort-specific checklist to run. A generic list would read as analysis without being any.
The risk case · why not to buy8 surfaces · nightly
Suggested position capmax defensible size
1.6%tail cap binds
max defensible size 1.6% - tail binds
Avoid score6-month distress
18.6%1.3× its cohort · $1–$5 names
Observational 6-month large-drawdown risk ranking — not a forecast, not alpha. Historical distress rate for this $1–$5 names segment: 14.8%. This name reads 1.3× that base rate.
LowDistress screenThe distress model did not score this name in the latest run, so this surface is unmeasured rather than clear.Not scored
MedPosition size, not conviction, is the binding constrainthalf-Kelly 12.4% · tail cap 1.6% · category cap 54.6%. The tail cap binds, so 1.6% is the number (n=109,931). We show which one binds rather than the friendliest.Sizing
LowLottery-ticket behaviourIts best 21-day return sits at 6.3% against a 14.4% cohort 90th-percentile threshold — below the line where forward returns have historically turned negative.Behaviour
HighCash runwayAbout 7.5 quarters of cash at current burn ($130M cash against $70M a year of burn) - names in this bucket: 23.5% catastrophe rate within a year.Solvency
LowPost-earnings driftDrift odds at full strength (+2.44% / 63-day spread reference from measured post-earnings drift).Timing
LowDividend riskNot scored for this name.Not scored
LowRestatement historyFiling history is not deep enough to check for restatements.Not scored
LowCrowded shortNot in a warn state: the crowded-short model only publishes when short interest and thin liquidity coincide, and neither condition is met here.Not scored
Signal
3 of 8 surfaces clear.
8 surfaces checked, 3 clear. The binding constraint is position size — the tail cap is the one that binds. Each row states which surface it is and what it measured; a surface that could not be scored says so rather than counting as clear.
Who should skip it
Skip it if any of these is you
You can't sit through -43%
That is this name's deepest measured fall, on 79% annualized volatility. A drawdown of that size is normal here, not exceptional.
You want income
A 0.00% yield is a rounding error against cash. This is a capital-gains position.
You'd size it like a core holding
The binding cap is 1.6% of a portfolio. Above that the tail stops being survivable.
Our track record17 resolved
Track recordBUILDING IN THE OPEN
56 logged
56 calls logged on this name, 17 resolved so far. Calls are logged the moment they are made, so the open ones are public before anyone knows how they turn out, and a hit-rate is not published until enough of them resolve.
0610-K disclosed linksOIL & GAS EXPLORATION & PRODUCTION
The wider context
5 mapped peers, 6 connections.
↳ Plain EnglishCompanies do not trade alone. This is the peer set, the supply chain that has to deliver, and the macro variables that move the stock regardless of company news.
Rate sensitivity
+317.3% per +1ppMEASURED
Measured against the 10-year yield: a one-point move in the yield has come with about a 317.3% move here, independent of company news.
Versus peersLatest session
Peer set · 5 names
SymbolRelationshipPriceSession
COPPeer$136.27+0.60%
CNQPeer$48.55-0.76%
EOGPeer$147.13+1.55%
OXYPeer$56.38+0.04%
TRMOYPeer$15.00-6.25%
The mapped peer set and how each traded in the latest session. A peer moving with this name says the move is the sector's; one moving against it says the move is this company's.
Time machineHistory from 2023-06-01
Signal
1 of 4 backward windows are positive.
Look-back returns describe what happened, not what is likely. They are here to set the scale a future move would be measured on.
Macro driversRolling window
Next macro catalystIN 2 DAYS
Inflation (CPI)
2026-11-10. A scheduled release that moves this stock independently of anything the company does.
Events · what moves this stockNov 6, 2026
Initial jobless claimsUsually hurts when more people file for benefits than expected
Less commuting, shipping and factory activity means less fuel demand.
Typical for the Energy sector
On the day +0.2% · A week later +0.2% · Two weeks later +0.1% · Rose on 89 of 172 report days
Across the last 172 Initial jobless claims reports since Jun 8, 2023, KOS moved +0.2% on average on the day and was 0.1% higher two weeks later. The S&P 500 moved 0.0% on those days.
Industrial productionUsually helps when factory output comes in stronger than expected
A busier economy burns more fuel.
Typical for the Energy sector
On the day -0.4% · A week later +0.1% · Two weeks later +1.6% · Rose on 17 of 40 report days
Across the last 40 Industrial production reports since Jun 15, 2023, KOS moved -0.4% on average on the day and was 1.6% higher two weeks later. The S&P 500 moved 0.0% on those days.
Producer prices (PPI) is due in 5 days.
Producer prices (PPI)Usually helps when producer prices run hotter than expectedDrillers earn more when energy prices rise with inflation.
Typical for the Oil & Gas Exploration & Production industry
On the day +0.1% · A week later +0.1% · Two weeks later +0.2% · Rose on 19 of 40 report days
Across the last 40 Producer prices (PPI) reports since Jun 12, 2023, KOS moved +0.1% on average on the day and was 0.2% higher two weeks later. The S&P 500 moved +0.2% on those days.
Core PCE (the Fed's gauge)Usually helps when inflation runs hotter than expected
Drillers earn more when energy prices rise with inflation.
Typical for the Oil & Gas Exploration & Production industry
On the day -0.3% · A week later -2.7% · Two weeks later -0.6% · Rose on 19 of 39 report days
Across the last 39 Core PCE (the Fed's gauge) reports since Jun 28, 2023, KOS moved -0.3% on average on the day and was 0.6% lower two weeks later. The S&P 500 moved +0.2% on those days.
Core inflation (core CPI) is due in 2 days.
Core inflation (core CPI)Usually helps when inflation runs hotter than expectedDrillers earn more when energy prices rise with inflation.
Typical for the Oil & Gas Exploration & Production industry
On the day +0.2% · A week later +0.5% · Two weeks later +1.0% · Rose on 19 of 39 report days
Across the last 39 Core inflation (core CPI) reports since Jun 12, 2023, KOS moved +0.2% on average on the day and was 1.0% higher two weeks later. The S&P 500 moved +0.2% on those days.
Inflation (CPI) is due in 2 days.
Inflation (CPI)Usually helps when inflation runs hotter than expectedDrillers earn more when energy prices rise with inflation.
Typical for the Oil & Gas Exploration & Production industry
On the day +0.2% · A week later +0.5% · Two weeks later +1.0% · Rose on 19 of 39 report days
Across the last 39 Inflation (CPI) reports since Jun 12, 2023, KOS moved +0.2% on average on the day and was 1.0% higher two weeks later. The S&P 500 moved +0.2% on those days.
Job openings (JOLTS)Usually helps when job openings come in higher than expected
More people working means more commuting, shipping and power use.
Typical for the Energy sector
On the day -0.3% · A week later +1.1% · Two weeks later +1.5% · Rose on 17 of 39 report days
Across the last 39 Job openings (JOLTS) reports since Jul 5, 2023, KOS moved -0.3% on average on the day and was 1.5% higher two weeks later. The S&P 500 moved 0.0% on those days.
Jobs report (nonfarm payrolls)Usually helps when hiring comes in stronger than expected
More people working means more commuting, shipping and power use.
Typical for the Energy sector
On the day -1.0% · A week later +1.6% · Two weeks later +1.7% · Rose on 15 of 39 report days
Across the last 39 Jobs report (nonfarm payrolls) reports since Jul 6, 2023, KOS moved -1.0% on average on the day and was 1.7% higher two weeks later. The S&P 500 moved -0.1% on those days.
Customer momentumNov 8, 2026
Customer momentumBOTTOM
-7.1%
The dependency-weighted trailing return of the customers this company discloses a revenue dependence on. Their tape leads its orders.
Lead-lag gapBEHIND CUSTOMERS
-14.5%
This company's own move less its customers' weighted move. A wide gap in either direction usually closes.
Disclosed customer dependencies
CustomerRevenue weightWindow returnLast filed
PSX21.0%-12.7%2020-11-09 · stale
SHEL20.0%-1.1%2026-08-03
Weights are as disclosed in the filings, so they describe the last reported period rather than today. Historical, point-in-time backtest of a cross-sectional screen (135 months, 2013-2026), gross of trading costs. The equal-weighted base effect is marginal (t 1.84); statistical significance relies on the dependency weighting (t 2.02). Validated on monthly rebalancing; served daily on the same 21-bar horizon. This is a research screen describing a group-level historical spread - not a forecast of any individual stock's return.
Connections6 links · 3 confirmed
Direct connections · 6 edges
CompanyRelationSessionProvenance
TALO · Competitorcompetitor+1.09%Confirmed · manual
PSX · Suppliersupplier-0.53%Confirmed · 10Q
SHEL · Suppliersupplier-1.03%Confirmed · 10Q
CAT · Suppliersupplier+0.90%Rumored · manual
XOM · Customercustomer+0.34%Rumored · manual
EPD · Competitorcompetitor+1.12%Rumored · manual
3 of 6 edges are named in a filing; the rest come from reporting we have not matched to one yet, and are labelled as such.
Glossary · every term on this page
Survival
Altman Z
Bankruptcy-risk score. Above 3.0 is the safe band.
Piotroski F
Nine pass/fail health tests; 7 or more is strong.
Beneish M
Accrual and growth pattern screen. Clear below −2.22, watch to −1.78, elevated above; a year of very fast revenue growth lifts it by construction.
Merton DTD
Standard deviations of asset value between the company and its debt.
EDF
Default frequency calibrated on what actually happened to similar names.
Price & tape
RSI-14
Momentum gauge 0–100. Above 70 is overbought, below 30 oversold.
ATR
Average true range — the size of a typical day.
VWAP
20-day volume-weighted average price — the average paid over the last month; the page shows no intraday VWAP.
Supertrend
A trend-following stop line. A close through it flips the read.
Chandelier
A trailing stop set a few average ranges below the recent high.
Options & flow
Gamma / GEX
Dealer hedging pressure. Negative gamma amplifies moves both ways.
Call / put wall
The strikes with the heaviest open interest; they act as ceiling and floor.
Max pain
The strike where most options expire worthless.
13F · Form 4
Institutional filings, 45 days after quarter end. Insider trades, within two days.
Scoring
Composite signal
Independent factors scored and netted into one number.
Hit-rate
Share of past calls that resolved in the direction stated.
Brier score
Calibration measure. Lower means stated probabilities track reality.
HHI
Concentration 0–10,000. Above 2,500 means one segment carries the company.
EVT
Fits the tail rather than assuming a bell curve, so bad days are not understated.