Analysts Conflicted on These Materials Names: MPLX LP (NYSE: MPLX), EQT Corporation (NYSE: EQT) and Vale SA (NYSE: VALE)

By Jason Carr

Analysts have been eager to weigh in on the Materials sector with new ratings on MPLX LP (NYSE: MPLX), EQT Corporation (NYSE: EQT) and Vale SA (NYSE: VALE).

MPLX LP (NYSE: MPLX)

In a report released yesterday, T J Schultz from RBC Capital reiterated a Buy rating on MPLX LP (NYSE: MPLX), with a price target of $46. The company’s shares closed yesterday at $35.97.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.0% and a 68.5% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

Currently, the analyst consensus on MPLX LP is Strong Buy and the average price target is $42.83, representing a 19.1% upside.

In a report issued on July 21, Scotiabank also maintained a Buy rating on the stock with a $44 price target.
EQT Corporation (NYSE: EQT)

RBC Capital analyst Kurt Hallead reiterated a Hold rating on EQT Corporation (NYSE: EQT) yesterday and set a price target of $79. The company’s shares closed yesterday at $66.10.

According to TipRanks.com, Hallead is a 1-star analyst with an average return of -0.6% and a 42.2% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Energy Transfer Partners LP, and Ncs Multistage Holdings Inc.

EQT Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $77.17.

Vale SA (NYSE: VALE)

In a report released yesterday, Stephen Walker from RBC Capital reiterated a Hold rating on Vale SA (NYSE: VALE), with a price target of $11. The company’s shares closed yesterday at $9.67.

According to TipRanks.com, Walker is a 1-star analyst with an average return of -1.7% and a 43.6% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Vale SA is Moderate Buy and the average price target is $9.60, representing a -0.7% downside.

In a report issued on July 14, Jefferies also reiterated a Hold rating on the stock with a $8.50 price target.

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