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Analysts Are Bullish on Top Energy Stocks: Surge Energy (ZPTAF), MPLX (MPLX)

Tipranks - Tipranks - Thu Jun 4, 8:44AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Surge Energy (ZPTAF) and MPLX (MPLX) with bullish sentiments.

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Surge Energy (ZPTAF)

Roth MKM analyst Jamie Somerville maintained a Buy rating on Surge Energy today and set a price target of C$12.00. The company’s shares closed last Tuesday at $7.48.

According to TipRanks.com, Somerville is a 5-star analyst with an average return of 52.1% and a 81.8% success rate. Somerville covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Gran Tierra Energy, and Saturn Oil & Gas. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Surge Energy with a $8.66 average price target, representing a 16.2% upside. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$13.00 price target.

See the top stocks recommended by analysts >>

MPLX (MPLX)

Wells Fargo analyst Michael Blum maintained a Buy rating on MPLX on May 29 and set a price target of $61.00. The company’s shares closed last Wednesday at $55.60.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 15.2% and a 68.6% success rate. Blum covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Enterprise Products Partners. ;'>

Currently, the analyst consensus on MPLX is a Moderate Buy with an average price target of $61.86, which is an 11.1% upside from current levels. In a report issued on May 14, Barclays also assigned a Buy rating to the stock with a $59.00 price target.

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