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Best Coal Stocks to Buy Now (2024)
Top coal stocks in 2024 ranked by overall Zen Score. See the best coal stocks to buy now, according to analyst forecasts for the thermal coal industry.

Industry: Thermal Coal
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ARLP
ALLIANCE RESOURCE PARTNERS LP
NASDAQ
Thermal Coal
$3.27B$25.540.12%$905.12M5.59x0.55
NRP
NATURAL RESOURCE PARTNERS LP
NYSE
Thermal Coal
$1.18B$90.75-0.37%$236.23M5.92x0.51
BTU
PEABODY ENERGY CORP
NYSE
Thermal Coal
$2.83B$22.53-2.17%$1.12B5.72x0.63
CEIX
CONSOL ENERGY INC
NYSE
Thermal Coal
$2.91B$99.16-0.98%$887.85M6.01x0.93
HNRG
HALLADOR ENERGY CO
NASDAQ
Thermal Coal
$324.36M$8.761.39%$99.98M13.69x1.06
NC
NACCO INDUSTRIES INC
NYSE
Thermal Coal
$242.21M$32.510.28%-$30.54M-5.98x0.41

Coal Stocks FAQ

What are the best coal stocks to buy right now in Jul 2024?

According to Zen Score, the 3 best coal mining stocks to buy right now are:

1. Alliance Resource Partners (NASDAQ:ARLP)


Alliance Resource Partners (NASDAQ:ARLP) is the top coal stock with a Zen Score of 56, which is 21 points higher than the coal industry average of 35. It passed 20 out of 38 due diligence checks and has strong fundamentals. Alliance Resource Partners has seen its stock return 32.68% over the past year, overperforming other coal stocks by 3 percentage points.

Alliance Resource Partners has an average 1 year price target of $25.00, a downside of -2.11% from Alliance Resource Partners's current stock price of $25.54.

Alliance Resource Partners stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Alliance Resource Partners, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Natural Resource Partners (NYSE:NRP)


Natural Resource Partners (NYSE:NRP) is the second best coal stock with a Zen Score of 38, which is 3 points higher than the coal industry average of 35. It passed 13 out of 38 due diligence checks and has average fundamentals. Natural Resource Partners has seen its stock return 55.23% over the past year, overperforming other coal stocks by 26 percentage points.

3. Peabody Energy (NYSE:BTU)


Peabody Energy (NYSE:BTU) is the third best coal stock with a Zen Score of 35, which is equal to the coal industry average of 35. It passed 12 out of 38 due diligence checks and has average fundamentals. Peabody Energy has seen its stock return 1.9% over the past year, underperforming other coal stocks by -27 percentage points.

Peabody Energy has an average 1 year price target of $27.67, an upside of 22.8% from Peabody Energy's current stock price of $22.53.

Peabody Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Peabody Energy, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the coal stocks with highest dividends?

Out of 4 coal stocks that have issued dividends in the past year, the 3 coal stocks with the highest dividend yields are:

1. Alliance Resource Partners (NASDAQ:ARLP)


Alliance Resource Partners (NASDAQ:ARLP) has an annual dividend yield of 10.96%, which is 6 percentage points higher than the coal industry average of 5.07%. Alliance Resource Partners's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Alliance Resource Partners's dividend has shown consistent growth over the last 10 years.

Alliance Resource Partners's dividend payout ratio of 61.3% indicates that its high dividend yield is sustainable for the long-term.

2. Natural Resource Partners (NYSE:NRP)


Natural Resource Partners (NYSE:NRP) has an annual dividend yield of 5.99%, which is 1 percentage points higher than the coal industry average of 5.07%. Natural Resource Partners's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Natural Resource Partners's dividend has not shown consistent growth over the last 10 years.

Natural Resource Partners's dividend payout ratio of 35.5% indicates that its high dividend yield is sustainable for the long-term.

3. Nacco Industries (NYSE:NC)


Nacco Industries (NYSE:NC) has an annual dividend yield of 2.01%, which is -3 percentage points lower than the coal industry average of 5.07%. Nacco Industries's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Nacco Industries's dividend has not shown consistent growth over the last 10 years.

Nacco Industries's dividend payout ratio of -16% indicates that its dividend yield might not be sustainable for the long-term.

Why are coal stocks down?

Coal stocks were down -0.56% in the last day, and down -3.29% over the last week.

We couldn't find a catalyst for why coal stocks are down.

What are the most undervalued coal stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued coal stocks right now are:

1. Hallador Energy Co (NASDAQ:HNRG)


Hallador Energy Co (NASDAQ:HNRG) is the most undervalued coal stock based on WallStreetZen's Valuation Score. Hallador Energy Co has a valuation score of 57, which is 19 points higher than the coal industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Hallador Energy Co's stock has dropped -3.63% in the past year. It has underperformed other stocks in the coal industry by -33 percentage points.

2. Alliance Resource Partners (NASDAQ:ARLP)


Alliance Resource Partners (NASDAQ:ARLP) is the second most undervalued coal stock based on WallStreetZen's Valuation Score. Alliance Resource Partners has a valuation score of 57, which is 19 points higher than the coal industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Alliance Resource Partners's stock has gained 32.68% in the past year. It has overperformed other stocks in the coal industry by 3 percentage points.

3. Natural Resource Partners (NYSE:NRP)


Natural Resource Partners (NYSE:NRP) is the third most undervalued coal stock based on WallStreetZen's Valuation Score. Natural Resource Partners has a valuation score of 43, which is 5 points higher than the coal industry average of 38. It passed 3 out of 7 valuation due diligence checks.

Natural Resource Partners's stock has gained 55.23% in the past year. It has overperformed other stocks in the coal industry by 26 percentage points.

Are coal stocks a good buy now?

100% of coal stocks rated by analysts are a strong buy right now. On average, analysts expect coal stocks to rise by 2.36% over the next year.

What is the average p/e ratio of the thermal coal industry?

The average P/E ratio of the thermal coal industry is 5.76x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.