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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
OverviewZen Score
PriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
ARLP
ALLIANCE RESOURCE PARTNERS LP
54
57
71
11
50
80
NRP
NATURAL RESOURCE PARTNERS LP
40
43
57
0
40
60
CEIX
CONSOL ENERGY INC
36
29
71
0
80
0
HNRG
HALLADOR ENERGY CO
36
71
29
11
70
0
BTU
PEABODY ENERGY CORP
34
29
71
22
30
20

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Coal Stocks FAQ

What are the best coal stocks to buy right now in Apr 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 54, which is 17 points higher than the coal industry average of 37. It passed 19 out of 38 due diligence checks and has strong fundamentals. Alliance Resource Partners has seen its stock return 0.05% over the past year, underperforming other coal stocks by -21 percentage points.

Alliance Resource Partners has an average 1 year price target of $28.00, an upside of 32.95% from Alliance Resource Partners's current stock price of $21.06.

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 40, which is 3 points higher than the coal industry average of 37. It passed 14 out of 38 due diligence checks and has average fundamentals. Natural Resource Partners has seen its stock return 70.35% over the past year, overperforming other coal stocks by 49 percentage points.

3. Consol Energy (NYSE:CEIX)


Consol Energy (NYSE:CEIX) is the third best coal stock with a Zen Score of 36, which is -1 points lower than the coal industry average of 37. It passed 15 out of 38 due diligence checks and has average fundamentals. Consol Energy has seen its stock return 35.29% over the past year, overperforming other coal stocks by 14 percentage points.

Consol Energy has an average 1 year price target of $98.00, an upside of 16.67% from Consol Energy's current stock price of $84.00.

Consol Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Consol Energy, 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.

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 13.3%, which is 8 percentage points higher than the coal industry average of 5.01%. 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 58.2% 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 6.08%, which is 1 percentage points higher than the coal industry average of 5.01%. Natural Resource Partners's dividend payout is not stable, having dropped more than 10% four 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 34.8% 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 3.14%, which is -2 percentage points lower than the coal industry average of 5.01%. 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 -16.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are coal stocks down?

Coal stocks were down -0.86% in the last day, and down -0.51% 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 71, which is 30 points higher than the coal industry average of 41. It passed 5 out of 7 valuation due diligence checks.

Hallador Energy Co's stock has dropped -49.45% in the past year. It has underperformed other stocks in the coal industry by -71 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 16 points higher than the coal industry average of 41. It passed 4 out of 7 valuation due diligence checks.

Alliance Resource Partners's stock has gained 0.05% in the past year. It has underperformed other stocks in the coal industry by -21 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 2 points higher than the coal industry average of 41. It passed 3 out of 7 valuation due diligence checks.

Natural Resource Partners's stock has gained 70.35% in the past year. It has overperformed other stocks in the coal industry by 49 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 20.79% 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 4.27x.
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