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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 ScorePrice
ValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
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ARLP
ALLIANCE RESOURCE PARTNERS LP
$22.430.99%5.85%11.37%5.60%-1.97%6.81%309.31%16.40%-51.83%$24.30$17.057.70%31.55%1.09457,057-77.14%
BTU
PEABODY ENERGY CORP
$21.94-6.76%-6.40%-9.19%-18.47%-9.04%-7.15%492.97%-23.74%N/A$27.24$17.7119.46%23.88%1.174,999,671222.26%
NRP
NATURAL RESOURCE PARTNERS LP
$90.00-2.17%0.68%-2.81%-7.44%36.36%74.69%434.44%113.78%-43.96%$102.00$44.6811.76%101.43%0.4517,994-87.76%
CEIX
CONSOL ENERGY INC
$82.76-5.82%-1.51%0.29%-13.28%-19.00%37.66%842.60%144.13%N/A$114.30$53.4027.59%54.98%1.22438,97849.88%
HNRG
HALLADOR ENERGY CO
$5.11-1.92%5.58%6.46%-42.71%-63.81%-35.07%146.86%-0.97%-44.21%$15.79$4.3367.64%17.96%0.92304,356-35.78%
NC
NACCO INDUSTRIES INC
$27.54-2.06%-2.17%-6.26%-24.86%-20.27%-22.94%19.07%-32.65%-48.61%$38.66$27.2728.76%1.01%0.9410,297-31.70%
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Coal Stocks FAQ

What are the best coal stocks to buy right now in May 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 57, which is 18 points higher than the coal industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Alliance Resource Partners has seen its stock return 6.81% over the past year, underperforming other coal stocks by -18 percentage points.

Alliance Resource Partners has an average 1 year price target of $25.00, an upside of 11.46% from Alliance Resource Partners's current stock price of $22.43.

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. Peabody Energy (NYSE:BTU)


Peabody Energy (NYSE:BTU) is the second best coal stock with a Zen Score of 41, which is 2 points higher than the coal industry average of 39. It passed 15 out of 38 due diligence checks and has strong fundamentals. Peabody Energy has seen its stock lose -7.15% over the past year, underperforming other coal stocks by -32 percentage points.

Peabody Energy has an average 1 year price target of $30.00, an upside of 36.74% from Peabody Energy's current stock price of $21.94.

Peabody Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Peabody 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.

3. Natural Resource Partners (NYSE:NRP)


Natural Resource Partners (NYSE:NRP) is the third best coal stock with a Zen Score of 40, which is 1 points higher than the coal industry average of 39. It passed 14 out of 38 due diligence checks and has average fundamentals. Natural Resource Partners has seen its stock return 74.69% over the past year, overperforming other coal stocks by 50 percentage points.

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 12.48%, which is 8 percentage points higher than the coal industry average of 4.88%. 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 6.04%, which is 1 percentage points higher than the coal industry average of 4.88%. 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 3.16%, which is -2 percentage points lower than the coal industry average of 4.88%. 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 -3.54% in the last day, and down -0.5% 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 2 most undervalued coal stocks right now are:

1. Alliance Resource Partners (NASDAQ:ARLP)


Alliance Resource Partners (NASDAQ:ARLP) is the most undervalued coal stock based on WallStreetZen's Valuation Score. Alliance Resource Partners has a valuation score of 71, which is 26 points higher than the coal industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Alliance Resource Partners's stock has gained 6.81% in the past year. It has underperformed other stocks in the coal industry by -18 percentage points.

2. Hallador Energy Co (NASDAQ:HNRG)


Hallador Energy Co (NASDAQ:HNRG) is the second most undervalued coal stock based on WallStreetZen's Valuation Score. Hallador Energy Co has a valuation score of 71, which is 26 points higher than the coal industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Hallador Energy Co's stock has dropped -35.07% in the past year. It has underperformed other stocks in the coal industry by -60 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 20.35% 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 4.24x.
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