5 Best Ethanol Stocks To Buy Now

4. Comstock Resources, Inc. (NYSE:CRK)

Number of Hedge Fund Holders: 25      

Comstock Resources, Inc. (NYSE:CRK) is an independent energy company engaged in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas. It is one of the top ethanol stocks to invest in. On August 1, the firm posted earnings for the second quarter of 2022, reporting earnings per share of $1.00, beating market estimates by $0.05. The revenue over the period was $946 million, up over 175% compared to the revenue over the same period last year, beating estimates by $318 million. 

On September 21, Citi analyst Paul Diamond maintained a Buy rating on Comstock Resources, Inc. (NYSE:CRK) stock and raised the price target to $24 from $17, noting that there was improving clarity surrounding the operational landscape for the firm into 2023. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Comstock Resources, Inc. (NYSE:CRK), with 4.1 million shares worth more than $49.9 million.