Appalachia

Arun Jayaram of JPMorgan initiated coverage of eight Appalachian-focused E&P companies with a "cautious outlook." Jayaram noted consensus estimates on the group are too high, despite the group enjoying a "competitive resource advantage." Nevertheless, the analyst named EQT Corporation (NYSE:...

Shares of Arch Coal (NYSE: ACI) moved up pre-market after the company reported second quarter earnings. EPS beat the analyst consensus by 12 percent, coming in at a $0.29 loss, while revenue missed by almost 17 percent to land at $766.3 million. Year over year revenue is down 20.6 percent while...