ASX 200 energy shares finished the session on Wednesday higher, with the S&P/ASX 200 Energy Index (ASX: XEJ) rising 0.48% while the benchmark S&P/ASX 200 Index (ASX: XJO) lifted 0.68%.
As reported in The Australian, top brokers say the following three energy stocks are looking attractive and have upgraded their ratings accordingly.
Let's review.
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Viva Energy Group Ltd (ASX: VEA)
The Viva Energy share price closed 1.79% higher at $2.85 on Wednesday. RBC Capital has raised its rating on the ASX 200 energy share to outperform with a 12-month price target of $3.40. This implies a potential upside of 19% on today's closing price.
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price closed 0.62% higher at $35.91 on Wednesday. RBC has raised its rating on the ASX 200 energy share to outperform, however, its share price target is lower than where Woodside shares are today. The price target is $34, implying a potential downside of 5% on the closing price. Goldman Sachs has also upped its rating on Woodside to buy this week. JP Morgan is also supportive of Woodside shares, raising its rating to neutral with a $35.50 share price target.
Santos Ltd (ASX: STO)
The Santos share price closed 0.65% higher at $7.75. JP Morgan is more enthusiastic about this ASX 200 energy share. It has raised its rating to overweight with a share price target of $8.15. This implies a potential 5% upside for ASX 200 investors buying the stock today.
