Total SA 3Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Total SA (TOT) third-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (figures in million dollars, EPS in dollar, target price in euro, output in thousand barrel of oil equivalent per day (kboe/d), according to IFRS). Earnings figures are scheduled to be released October 29.

=== 
               Net income         EPS 
3rd Quarter      adjusted    adjusted   Output 
AVERAGE             3,317        1.49    2,142 
Prev. Year          3,597        1.58    2,299 
+/- in %             -7.8        -5.8     -6.8 
 
MEDIAN              3,361        1.48    2,145 
Maximum             3,510        1.54    2,194 
Minimum             3,111        1.41    2,109 
Amount (a)             11           7        8 
 
Bernstein           3,373        1.48    2,120 
Citigroup           3,510        1.54       -- 
Credit Suisse       3,361        1.47    2,194 
Deutsche Bank       3,376        1.48    2,146 
Morgan Stanley      3,158          --    2,147 
Natixis             3,454        1.51    2,132 
Nomura              3,111          --       -- 
Raymond James       3,151          --    2,144 
Santander           3,470        1.52    2,109 
 
 
            Target price  Rating 
 
AVERAGE            55.33  positive 6 
Prev. Quarter      55.43  neutral  3 
+/- in %            -0.2  negative 0 
 
MEDIAN             56.00 
Maximum            62.00 
Minimum            47.00 
Amount                 9 
 
Barclays           62.00  Overweight 
Citigroup          57.00  Buy 
Credit Suisse      51.50  Outperform 
Deutsche Bank      55.00  Buy 
HSBC               57.50  Overweight 
Natixis            56.00  Neutral 
Nomura             56.00  Buy 
Santander          56.00  Hold 
Societe Generale   47.00  Hold 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from two more analysts.

DJG/err 

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