Eni S.p.A. 2Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Eni S.p.A. (E) second-quarter results, based on a poll of 13 analysts conducted by Dow Jones Newswires. Figures in million euros, EPS, dividend and target price in euro, output in thousand barrel of oil equivalent (kboe/d), according to IFRS. Earnings figures are scheduled to be released July 31.

=== 
              Operating     Net 
2nd Quarter      profit  profit    EPS Output 
AVERAGE           2,905   1,020   0.28  1,559 
Prev. Year        1,947     576   0.16  1,648 
+/- in %            +49     +77    +72   -5.4 
 
MEDIAN            2,899   1,018   0.27  1,558 
Maximum           3,162   1,160   0.32  1,620 
Minimum           2,710     890   0.25  1,499 
Amount(a)            12      12      7     12 
 
Barclays          2,864   1,082     --  1,538 
Bernstein         2,771     961   0.27  1,554 
Citigroup            --   1,160   0.32     -- 
Credit Suisse     3,024     929   0.26  1,575 
Deutsche Bank     3,162   1,070     --  1,579 
Intesa Sanpaolo   2,810      --     --  1,620 
J.P. Morgan       2,960   1,032     --  1,540 
Jefferies         2,892   1,007   0.28  1,499 
Kepler Cheuvreux  2,914   1,091     --  1,558 
Oddo              2,906   1,023   0.28  1,580 
Raymond James     2,974   1,012     --  1,562 
Santander         2,867     890   0.25  1,550 
 
 
          Target price  Rating              DPS 2014 
 
AVERAGE          19.06  positive 2  AVERAGE     1.12 
Prev. Quarter    18.16  neutral  1  Prev. Year  1.10 
+/- in %          +4.9  negative 4  +/- in %    +2.0 
 
MEDIAN           17.80              MEDIAN      1.12 
Maximum          22.00              Maximum     1.13 
Minimum          16.80              Minimum     1.12 
Amount               7              Amount         4 
 
Barclays         22.00  Equalweight             1.12 
Credit Suisse    17.30  Underperform            1.12 
Deutsche Bank    22.00  Buy                       -- 
J.P. Morgan      17.00  Underweight             1.12 
Jefferies        16.80  Underperform              -- 
Kepler Cheuvreux 20.50  Buy                     1.13 
Oddo             17.80  Reduce                    -- 
=== 

Year-earlier figures are as adjusted by the company.

(a) Including anonymous estimates from one more analyst.

DJG/mus 

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