5 Best Coal Stocks To Buy Now

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1. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Price to Earnings Ratio (P/E) of November 17th, 2022: 7.08

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is an American diversified natural resource company that is based in Tulsa, Oklahoma. The firm has mining operations in Kentucky, Maryland, West Virginia, and other American states.

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s third quarter saw the firm’s coal sales grow by 8.1% annually and 2.8% sequentially to sit at 9.2 million tons. Additionally, the firm has been slowly but steadily improving its balance sheet position, as its debt to assets ratio (which measures the firm’s leverage) dropped from 0.28 in 2020 to 0.21 in 2021 and further slid down to 0.18 by the end of Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s third fiscal quarter in 2022.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) has a 7.08 P/E ratio and six out of the 920 hedge funds polled by Insider Monkey for this year’s third quarter had bought a stake in the company.

Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s largest shareholder is Adam Peterson’s Magnolia Capital Fund which owns 3 million shares that are worth $68 million.

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Disclosure: None. You can also take a look at 10 Best Auto Stocks To Buy Now and 10 Best Safe Dividend Stocks for Retirement Portfolios.

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