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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 ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ARLP
ALLIANCE RESOURCE PARTNERS LP
$3.04B$23.73$26.009.57%Strong Buy11.66%-11.88%23.69%14.83%
NRP
NATURAL RESOURCE PARTNERS LP
$1.22B$93.84N/AN/AN/AN/AN/AN/AN/AN/A
CEIX
CONSOL ENERGY INC
$2.87B$97.70$109.0011.57%Strong Buy1-2.27%-6.48%23.81%12.63%
BTU
PEABODY ENERGY CORP
$2.87B$22.81$28.6725.68%Strong Buy31.89%-13.71%12.61%7.85%
HNRG
HALLADOR ENERGY CO
$285.83M$6.71$9.0034.13%Strong Buy12.45%N/A13.61%7.23%
NC
NACCO INDUSTRIES INC
$194.42M$26.44N/AN/AN/AN/AN/AN/AN/AN/A
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Coal Stocks FAQ

What are the best coal stocks to buy right now in Sep 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 53, which is 20 points higher than the coal industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Alliance Resource Partners has seen its stock return 12.3% over the past year, overperforming other coal stocks by 11 percentage points.

Alliance Resource Partners has an average 1 year price target of $26.00, an upside of 9.57% from Alliance Resource Partners's current stock price of $23.73.

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 43, which is 10 points higher than the coal industry average of 33. It passed 15 out of 38 due diligence checks and has strong fundamentals. Natural Resource Partners has seen its stock return 20.35% over the past year, overperforming other coal stocks by 19 percentage points.

3. Consol Energy (NYSE:CEIX)


Consol Energy (NYSE:CEIX) is the third best coal stock with a Zen Score of 33, which is equal to the coal industry average of 33. It passed 14 out of 38 due diligence checks and has average fundamentals. Consol Energy has seen its stock lose -1.51% over the past year, underperforming other coal stocks by -3 percentage points.

Consol Energy has an average 1 year price target of $109.00, an upside of 11.57% from Consol Energy's current stock price of $97.70.

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 5 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 11.8%, which is 7 percentage points higher than the coal industry average of 4.33%. 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 69.3% 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 5.8%, which is 1 percentage points higher than the coal industry average of 4.33%. 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 36.9% 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 2.51%, which is -2 percentage points lower than the coal industry average of 4.33%. 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 -13.1% indicates that its dividend yield might not be sustainable for the long-term.

Why are coal stocks up?

Coal stocks were up 2.07% in the last day, and up 4.71% over the last week.

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

What are the most undervalued coal stocks?

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

1. Natural Resource Partners (NYSE:NRP)


Natural Resource Partners (NYSE:NRP) is the most undervalued coal stock based on WallStreetZen's Valuation Score. Natural Resource Partners has a valuation score of 43, which is 17 points higher than the coal industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Natural Resource Partners's stock has gained 20.35% in the past year. It has overperformed other stocks in the coal industry by 19 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 43, which is 17 points higher than the coal industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Alliance Resource Partners's stock has gained 12.3% in the past year. It has overperformed other stocks in the coal industry by 11 percentage points.

3. Peabody Energy (NYSE:BTU)


Peabody Energy (NYSE:BTU) is the third most undervalued coal stock based on WallStreetZen's Valuation Score. Peabody Energy has a valuation score of 29, which is 3 points higher than the coal industry average of 26. It passed 2 out of 7 valuation due diligence checks.

Peabody Energy's stock has dropped -4.56% in the past year. It has underperformed other stocks in the coal industry by -6 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 14.39% 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 4.5x.
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