3 ASX 200 energy shares upgraded by brokers

Analysts are backing these ASX 200 energy stocks for share price growth.

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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.

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.

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen has positions in Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Goldman Sachs Group and JPMorgan Chase. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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