10 Best Coal Stocks to Invest in Right Now

6. Peabody Energy Corporation (NYSE:BTU)

Number of Hedge Fund Investors: 25

Peabody Energy Corporation (NYSE:BTU) operates as a coal mining business in the United States, Australia, Europe and Asia. It is involved in the mining, preparation, and sale of thermal coal primarily to electric utilities, industrial facilities and steel manufacturers.

With a P/E of 4.8, it is certainly an undervalued stock for a company looking to expand its coal assets globally. In a recent development, BTU made its first shipment from Centurion Mine in Queensland’s Bowen Basin. The newly acquired mine has an expected life of 25 years and offers premium hard coking coal used in making original steel. BTU has also agreed to acquire four Tier 1 steel mines from Anglo American that would enable it to venture into metallurgical coal. Even with coal pricing being unfavorable BTU beat revenue estimates in Q3 with a positive earnings surprise of 26.50%.